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How to perform due diligence on any Licensed Advisor or any Firm

Know Your Advisor and Your Advisor's Firm


You and your family have worked very hard and sacrificed to accumulate the assets you have. At 4Kast ADVISORS LLC™, we believe in absolute transparency and educating the consumer. Here are some helpful tips for performing due diligence on your advisor and your advisor's firm.

Priority

Our first priority is helping you take care of yourself and your family by informing you and keeping you informed. We are here to learn more about your personal situation, identify your dreams and goals, and understand your risk tolerance. Long-term relationships that encourage open and honest communication have been the cornerstone of our foundation of success.

Excess of SIPC coverage

A huge point to consider is our Excess of Securities Investor Protection Corporation (SIPC) coverage. The total aggregate excess of SIPC coverage available through National Financial Services LLC’s excess of SIPC policy is $1 billion. Within National Financial Services LLC’s excess of SIPC coverage, there is no per-account dollar limit on coverage of securities, but there is a per-account limit of $1.9 million on coverage of cash. This is the maximum excess of SIPC protection currently available in the brokerage industry. The industry standard is $500,000.

Know Your Advisor and your Advisor's Firm

According to the data kept by FINRA for the last four years, between one-quarter and one-third of financial advisors leave the industry, and approximately the same amount enters the industry. Additionally, advisors change firms or branches as part of their careers. If you utilize services from a large firm, you might have your case handed off to a new advisor you may have never met.


Research is Paramount

With just a few strokes of the keyboard and the assistance of 4Kast ADVISORS LLC™ website, and asking the essential questions, you can do the research necessary to verify your advisors’ skills and qualifications and the history of their financial organization/firm. Here are seven essential questions to ask:

  • How long have you been in the financial industry personally managing clients' wealth, and where have you worked previously?
  • How are you compensated?
  • What degrees, licenses, or professional designations have you earned?
  • Have you ever had any complaints, disclosure events, or sanctions in your file?
  • How many complaints, disclosure events, or sanctions does your company/firm/organization/affiliation have?
  • What is your CRD number?
  • What are your affiliations' CRD numbers? One for Broker/Dealer (if Licensed), and separately the CRD number for Adviser Services? 


Licenses and Professional Designations

You can find answers to some of these questions by navigating the following websites:

FINRA BrokerCheck

SEC Investment Adviser and Investment Adviser firm

If you would like to learn more about 4Kast ADVISORS LLC™ and James F. Eddins II, here are the numbers you’ll need:

CRD# 5205462 

Alabama State Insurance Lic. # 0279116


Understanding what CERTIFIED FINANCIAL PLANNER™ (CFP®) means when it comes to partnering with an advisor or firm is essential. A CERTIFIED FINANCIAL PLANNER™ certification is the standard of excellence in financial planning. CFP® professionals meet rigorous education, training, and ethical standards, and are committed to serving their clients' best interests today to prepare them for a more secure tomorrow.1





Additional Educational and Informative Links to check on any Licensed Financial Firm or Licensed/Previously Licensed Advisor 

Investor.gov
Consumerfinance.gov
Check an Advisor & an Advisor's Firm
Financial Literacy Resource Directory

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