What is BrokerCheck?
BrokerCheck is a tool that investors can use to research financial professionals and companies. With this tool, an individual can complete his background check of financial professionals such as brokers, brokerage firms, financial advisors, investment advisors and advisory firms. If you have a past violation within the last 10 years, you can make an informed decision when hiring an advisor.
You can use the Brokercheck tool in . FINRA websiteThe Financial Industry Regulatory Authority (FINRA) is a private company that regulates businesses within its system and website. The Securities and Exchange Commission (SEC) website is also useful for gathering details about investment advisors and investment companies.
What information does FINRA BrokerCheck provide?
BrokerCheck offers:
- Report preview and summary: A brief overview of the advisor’s or broker’s employment information and qualifications.
- Eligibility: Advisor or broker qualifications, such as licenses, exams passed, and where the financial professional is registered.
- Work history: Mention where the broker or advisor currently works and provide information about their employment history over the past 10 years. This includes work experience outside the brokerage industry.
- Disclosure Notice: Information about whether the financial professional has received disciplinary action, a consumer complaint, or has committed or been prosecuted for a felony. Some of this information may relate to ongoing legal proceedings or unresolved or unproven claims. In addition, it may also include recently submitted comments on these matters provided by brokers or advisors.
Use the step-by-step guide below to use BrokerCheck to assess financial professionals.
A step-by-step guide to using BrokerCheck
1. Go to the FINRA BrokerCheck website.
To begin accessing your personal or corporate BrokerCheck reports, BrokerCheck websiteEnter information about your financial professional or company here.
https://brokercheck.finra.org/
2. Enter your broker information
Once on the BrokerCheck website, insert your advisor name, company name, or Central Registry Depository (CRD) number, which can be found in the advisor’s profile in the WiserAdvisor directory. After entering the information, click SEARCH.
3. Check the report
On the first page, you will receive a preview of the report including broker/advisor/company name, company name, disclosure information, years of experience, etc.
To receive more information about advisors,[詳細]Select the button to generate the report summary.
3a. Please note:
If your advisor/company is a broker, you can find out more information about your advisor through BrokerCheck.Whether the professional/company you searched for is a broker regulated by Finla” is highlighted in dark blue as shown in the image below.
If the advisor/firm is not a broker, the BrokerCheck website will redirect you to the SEC website. https://adviserinfo.sec.gov/
4. View report summary
On the following pages, you will find a detailed overview of the Financial Professional/Firm’s BrokerCheck report. This summary includes information such as employment history, disclosures, years of experience, passing exams, exam results, licenses and registration history.
5. Download or share reports
After reviewing the summarized information, if you would like to download or share the full detail report of the financial professional/company, please click the corresponding link in the upper right corner.
Finding the right financial advisor or firm is critical to a successful future financial plan. To help you reach your financial goals, we recommend: hire an advisor Or a company that works in your best interest and you can trust.Therefore it is imperative that you spend time Advisor comparison and research To better understand their reliability and performance.