By now, you have all seen the nest egg ad from A.G. Edwards. Here is something to keep in mind when youć± e dealing with ANY broker, regardless of the company. Read this article from the February 24, 2003 issue of Businessweek.
I was an A.G. Edwards broker in for 9 years, and it is a fine company. But, if you must do business with a full commissioned firm, you need to thoroughly evaluate the person you are dealing with, and the monitoring process each firm has in place on their advisors. Start with my "10 Questions to Ask any Broker" located in the "Reports" section of the website. I think you'll save yourself a lot a pain down the road.
Most of the brokerage firm's have done a great job with their image repair process, but I am a firm believer that the small investor should not do business with a firm that engages in Investment Banking.
