Firms and Compliance Departments
Firms as well as individual professionals may be researched online now, but note this about firms: There is no investment or insurance manufacturer that has never had any lawsuits, settlements, or fines. Keep this in perspective and realize that when bad practices are discovered and dealt with, these manufacturers do fix their systems. For example, when Wells Fargo got disciplined for having account reps open numerous bogus accounts for people so some of its managers could get bonuses, the damage to individuals was limited to the account fees; the bad apples got purged. To assume that Wells is still bad now would be inaccurate, and cause you to miss evaluating a fine firm that could benefit you….