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 Emmy-nominated, Business Analyst for CBS News. She covers the economy, markets, investing and anything else with a dollar sign on TV, radio (including her nationally syndicated radio show), the web and her blog, "Jill on Money." Prior to her second career at CBS, Jill spent 14 years as the co-owner and Chief Investment Officer for an independent investment advisory firm. She began her career as a self-employed options trader on the Commodities Exchange of New York, following her graduation from Brown University.