15
December
Financial Advisors and Identity Theft
John Sileo has an interesting post called “Does Your Financial Advisor Protect you from Identity Theft.” John reminds us that many investors and advisors don’t understand that investment accounts, if drained by an identity theft, aren’t necessarily restored as easily as a checking account would be.
And you thought it was just enough to have a balanced portfolio! John is a friend of mine as well as a professional speaker on the subject of Identity theft. He had the misfortune of being an ID theft victim twice-he offers great tips to all of us on protecting our identity.
Read John’s post and then you might ask your financial advisor what procedures they have in place to ensure that your identity is not stolen.
Excerpt from:
Financial Advisors and Identity Theft
Many advisors are now incorporating this and giving client presentations on identity theft. While it’s extremely rare for it to happen from your advisor’s office, you should doublecheck your advisor’s background on the SEC website and look for advisors who specialize in your circumstances at http://www.claroconnect.com to find financial advisors to interview about their precautions in this area.