Things You'll Need

Steps
1
Step One
Select a broker or investment advisor who understands your financial objectives. Interview several to compare experience, education and professional background.
2
Step Two
Call the National Association of Securities Dealers at (800) 289-9999 to find out about the disciplinary history of the broker.
3
Step Three
Understand how the broker is compensated and what fees you will pay to purchase and sell securities and to maintain the account.
4
Step Four
Get written financial information such as a prospectus or an annual report before making an investment in stocks, bonds or mutual funds.
5
Step Five
Read these documents carefully; consider all the risk factors.
6
Step Six
Be wary of promises of quick profits, offers to share inside information, and pressure to invest before you have an opportunity to investigate.
7
Step Seven
Talk with the firm's manager if you have a problem with your broker or your account.
8
Step Eight
Contact the U.S. Securities and Exchange Commission, the National Association of Securities Dealers, or your state securities regulator if you cannot resolve the problem.