It has become quite common to be fooled and taken advantage of by your stock broker. They use your money to make profits that will benefit them in the end through commission. You rely on them for the best advice regarding investment but stock brokers mostly look ways to fill up their pockets. Following are the things you need to do to find out whether your stock broker has your best interest or whether you need a new stock broker:
A good stock broker will have frequent communication with his/her client. They will call their clients even when the times are bad. They will even ask you questions and your preferences in order to give the best advice suitable for you. A good broker will also occasionally talk to their clients about their income and other financial goals as well as retirement plans.
You should suspect any income that does not fit your financial goal. It is important to know that you reflect the investment style that goes with the type of account you maintain. For example, if your goal was to make profits and generate income then your money should be invested in income-generating assets. A trade is excessive when it affects your portfolio returns.
It is essential that investors benchmark the performance of their portfolio against the fund performance to make sure that the performance is not delaying. It is true that your portfolio will be hit regardless but make sure that your stock broker does not under perform. If they do not improve their performance then you can simply invest in index funds.
To find out more information and ask questions regarding stock brokers, you can visit the website http://www.stockbrokerpro.com/. It is a complete guide to stock broker career.