Zoe Financial CEO Andres Garcia-Amaya interviewed 1,325 financial advisors, planners, and accountants in the process of starting the company.<br />And according to Business Insider, he learned to spot five red flags to look for when considering engaging a personal financial adviser.<br />First, Garcia-Amaya warns you should watch out for anyone overly focused on short-term gains. After all, most people use advisers for help with long-range goals.<br />Next, if an adviser immediately starts pushing you towards just one particular financial instrument, such as an annuity, on the first meeting be concerned.<br />Also, are they bragging about how many clients they have, or trying to convince you they can beat the market? Next!<br />Finally, just search the SEC's website for the adviser's name. That will reveal any bankruptcies they have or complaints made against them.
