BBB Accredited Business Profile

Financial Sources Inc

Financial Sources Inc

(301) 627-0123

Financial Sources Inc

39 years in business
6111 Ivyridge Ct
Uppr Marlboro, MD 20772-9533
Fax Numbers
  • (301) 627-0877
Additional Phone Numbers
  • (866) 471-7233
BBB File Opened: 02/03/2003
Business Started: 07/01/1978
Business Started Locally: 07/01/1978
Business Incorporated: 09/08/2000 in MD
Type of Entity
Corporation
Business Management
  • Mr. Freeman Owen, President
Business Category
  • Financial Services
Additional Information
  • Selecting a Financial Planner Consumers look to financial planners to provide objective, knowledgeable advice about managing an important aspect of their lives: their money. Because the field is largely unregulated, however, the title "financial...
  • Selecting a Financial Planner

    Consumers look to financial planners to provide objective, knowledgeable advice about managing an important aspect of their lives: their money. Because the field is largely unregulated, however, the title "financial planner" does not guarantee any level of qualifications or expertise. Consumers therefore need to exercise caution when choosing someone with whom to entrust financial resources.
    Recommendations from friends, relatives, and colleagues may be a good first step to finding a financial planner. Carefully consider the education and professional background of prospective planners. Financial planners who hold the designations RFC (Registered Financial Consultant), CFP (Certified Financial Planner), or ChFC (Chartered Financial Consultant) or who are members of the National Association of Personal Financial Advisors have codes on ethics, honesty, and conflicts of interests which they are obligated to uphold.

    Once you have selected a prospective planner, schedule a preliminary interview. Question the financial planner about his or her professional background, education, employment history, investment philosophy, and areas of specialization. Ask for the names of recent clients and examples of plans and monitoring reports. Does the planner keep current on financial matters through continuing education and training? Also ask how the financial planner expects to be compensated (e.g., fees, commissions, or a combination of the two) and get a written estimate of the cost for services.

    Remember, a good financial planner should help you get a clear picture of your financial situation and lay the foundation for future investment decisions. Beware of planners who offer few or no alternatives in your investment plan, which may indicate the planner's intent to steer you into a fraudulent scheme or sell a specific product for the commission. Similarly, avoid planners who use high-pressure sales tactics or promise unusually high rates of return on investments. Be on guard for possible Ponzi schemes that can masquerade as tax shelters, precious metals, commodities, high-tech stocks, and other investment vehicles.

    Further protect yourself against fraud by contacting your Better Business Bureau and state securities agency to determine if the planner has a background of noncompliance with state and federal laws or a history of complaints.



Licensing, Bonding or Registration
This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
BBB accredited business

A+

Alert

This company is not a Timeshare seller, but its address and BBB Business Review have been used by something called Timeshare Financial Sources, whose location is currently unknown.

BBB Reason for Ratings

BBB rating is based on 13 factors: Get the details about the factors considered.

Licensing information is provided in the BBB Business Profiles to inform the public about industries that may require professional licensing, bonding, or registration. Better Business Bureau encourages you to check with the appropriate agency to be certain any requirements are currently being met.
BBB promotes truth in advertising by contacting advertisers whose claims conflict with the BBB Code of Advertising. These claims come to our attention from our internal review of advertising, consumer complaints and competitor challenges. BBB asks advertisers to substantiate their claims, change ads to make offers more clear to consumers, and remove misleading or deceptive statements.
BBB reports on known significant government actions involving the business's marketplace conduct.
BBB reports on a company that is out of business for one year from the date the company closes its doors or ceases to do business.
BBB reports on unauthorized use of the Better Business Bureau's name and/or logo for as long as the business continues to use it in any advertising, or for one year after the business ceases any repeated unauthorized uses.
BBB reports on a business’s bankruptcy as long as the business remains in bankruptcy.
BBB reports when mail sent to the business was returned by the Postal Service.

Financial Sources Inc

Financial Sources Inc

BBB ACCREDITATION SINCE 05/01/2003

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