Warning Signs of bad Financial Advisor

A useful summary of warning signs is given by Suze Orman (CNBC)

• The advisor rushes you into making decisions
• No clear information on costs and fees is provided
• Your investments are not sufficiently diversified
• The advisor wants to exclude your partner(s) from meetings
• Your requirements and personal circumstances are not discussed
• Your questions or concerns are not properly answered
• Statements are not informative or do not arrive regularly
• You receive no regular quarterly and annual reports
• The advisor wants to have direct access to your money and account
• You are not kept informed about important developments

An interesting article on the same subject:

Is Your Money Really Safe With a Financial Adviser?