Pittsburgh has a thriving financial sector with many reputable investment advisors and money managers. However, finding the best investments in Pittsburgh requires research to identify advisors with expertise, experience, and a track record of success. This article provides tips for selecting top-rated advisors and assessing investment opportunities when reviewing investments pittsburgh offers.
Look for fiduciary advisors committed to clients’ best interests
A key factor when reviewing investments pittsburgh advisors offer is whether they are fiduciaries. Fiduciary advisors are legally obligated to act in their clients’ best interests regarding investments and financial planning. They must put client priorities ahead of their own compensation. Non-fiduciary advisors may recommend investments with higher fees that pay them greater commissions but are not ideal for clients. Pittsburgh has many fiduciary RIAs (registered investment advisors) and CFP (certified financial planner) professionals to consider.
Verify advisors have no recent disciplinary actions
Before entrusting investments, research advisors on FINRA BrokerCheck and the SEC Investment Advisor Public Disclosure database to check for complaints, disciplinary actions, or other red flags. The best investments pittsburgh has to offer will come from advisors with clean records demonstrating ethical practices and compliance.
Look for CFA charterholders for specialized expertise
The CFA (Chartered Financial Analyst) is the gold standard credential for investment expertise and portfolio management skills. Fewer than 20% pass the rigorous CFA exams. There are over 100 CFA charterholders in the Pittsburgh area. CFAs must adhere to strict ethical standards and many specialize in sought-after niches like derivatives, fixed income, portfolio modeling, and alternative investments.
Ensure advisors have longevity and experience
When reviewing investments pittsburgh advisors recommend, choose those with many years of firsthand experience successfully navigating market cycles. They have lived through recessions, bubbles, corrections, and periods of growth. An advisor who has spent decades helping Pittsburgh clients reach retirement and other goals offers invaluable perspective.
The best investments pittsburgh has to offer come from advisors with fiduciary duty, clean compliance records, CFA credentials, and extensive experience. Taking time to research advisor qualifications ensures finding those committed to clients’ best interests.