AdvisorCheck Waives Fees, Service Completely Free to Consumers and Advisors
In an effort to help restore consumer trust, company will begin offering free background checks on financial advisors and insurance agents as part of its Advisor Check Program.
September 11, 2009: ST. LOUIS, MO – AdvisorCheck, a free online service that provides consumers with comprehensive background checks on advisors in the financial industry, has waived its fees for background checks. Previously, the checks were free to consumers but the company had required the advisor that was inquired upon to pay $50 for the screening. Due to recent discussions with influential members in the financial field, writers, and key leaders, the company has elected to complete the screenings at no charge. By utilizing the service, the company believes that advisors will then experience the innovation and join the ‘Pro Transparency & Disclosure Movement’ that the company has initiated within the financial services industry.
“I was approached by this company and from the beginning I thought it was a great idea. A way for me to let my clients and others know that I have a squeaky clean background after 16 years in this industry. I am proud of that.” commented Tony Filippone of Rockford, Illinois.
AdvisorCheck performs a twelve-point background check on advisors, since many consumers lack the time or resources to perform their own due diligence on a potential or current advisor. The free service provided by AdvisorCheck offers a sense of security to consumers, while giving advisors a tool to promote their transparency and full disclosure.
“Our service allows advisors such as Tony the opportunity to establish trust with clients, demonstrate their ethical business practices, and promote confidence,” said Bryan Binkholder, national spokesman for AdvisorCheck. “Eliminating the fee we originally charged advisors for the background checks removes a major hurdle that some advisors expressed as rationale for not submitting to these screenings previously. With this hurdle removed, we expect nearly all advisors to participate.”
AdvisorCheck has experienced explosive growth and success since its launch in April. In June, AdvisorCheck appointed Bryan Binkholder its national spokesperson. Binkholder is a registered investment advisor, real estate investor, and also hosts a weekly radio show called “The Financial Coach.” He is also a member of AdvisorCheck.
About AdvisorCheck
AdvisorCheck, www.advisorbackgroundcheck.com, was established to provide a ‘Single Source’ for consumers to acquire background information on advisors. AdvisorCheck assists financial advisors by joining the ‘Pro Transparency & Disclosure Movement’ and utilizing the open book approach to regain trust and peace of mind with clients. Through the AdvisorCheck website, both consumers and advisors can benefit through building trust, instilling confidence, and developing mutually beneficial relationships. More information on AdvisorCheck is available at www.advisorbackgroundcheck.com.
