How to choose a financial advisor: 10 questions

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    Two stock market crashes, one financial crisis and three Ponzi schemes later (Madoff, Stanford, Petters), it's understandable that consumers are bewildered when it comes to selecting a financial advisor.

    But if you realize that you don't have the time, energy or temperament to manage your finances, where do you turn? There are a variety of sources to consider for advice. The best solution depends on who you are and what your needs are. This process requires that you know the right questions to ask.

    Here are the 10 questions to ask any potential financial advisor, broker or insurance salesman:

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    View all articles by Jill Schlesinger on CBS MoneyWatch »
    Jill Schlesinger, CFP®, is the Editor-at-Large for CBS MoneyWatch. She covers the economy, markets, investing or anything else with a dollar sign. Prior to the launch of MoneyWatch in 2009, Jill was the chief investment officer for an independent investment advisory firm. In her infancy, she was an options trader on the Commodities Exchange of New York.

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