Second Opinion's Advisor Scorecard asks the right questions...

Not too long ago, Second Opinion Investor Services introduced the Advisor Scorecard, a straight-forward True/False evaluation of your financial advisor. We loved the concept of displaying such a tool for all Canadians to take advantage of. Moreover, a point system was introduced in which the individual filling out the evaluation could give their advisor an actual score out of 100 based on their responses. Thus far, almost 900 people have filled out the scorecard, and a 60 has been dubbed the average score....Translated as: You are fortunate to be with a competent advisor. One point lower, however, and you "...might need to monitor results."

This particular blog entry is not intended as a review, so there will be no explaining perceived strengths and weaknesses of the evaluation itself. Perhaps another time. We simply want to draw attention to this terrific concept. Second Opinion has the right idea. Are you fortunate enough to be with a competent advisor? Check it out...It is the season.

http://www.advisorscorecard.ca/