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‘Have we not learned lessons?’ I’m worried my money is just funding my adviser’s life. How can I be truly sure he’s not a crook?

MarketWatch Picks highlights items we think you’ll find useful; we are independent of the MarketWatch newsroom. We earn a commission from some links in our articles. Learn more Question: “Why do ...
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‘Have we not learned lessons?’ I’m worried my money is just funding my adviser’s life. How can I be truly sure he’s not a crook?

Question: “Why do people need financial advisers? It seems that a financial adviser is a fancy way to disguise financial crooks. Have we not learned lessons from Bernie Madoff or John N. Matson? How ...