Sketchy-meter going off
June 16, 2012 9:09 PM Subscribe
Some questions about some information asked for by a financial manager.
posted by annsunny to law & government (10 answers total) 1 user marked this as a favorite
Mr Sunny has a financial advisor who is asking for the following information: Financial holdings, IRA's, interest income, tax bracket, annual income, income from mineral rights, real estate income,stocks, etc. The financial advisor claims that she needed this information as part of the Frank-Dodd act. She only manages an inherited IRA, and is out-of-state.
So, is this legitimate, or should we be taking steps to protect ourselves? What steps would those be? We could switch to a local manager in the same company, which would be simplest for us.