A comprehensive guide to the essential attributes, questions, and evaluation tools for fostering a trusted partnership with a financial advisor.
"A must-read for anyone seeking to secure their financial well-being." -Geoffrey I. Kanner, CFP(R), Kanner Financial Services LLC
Entrusting your money to a financial professional to help it grow and to plan for retirement makes logical sense: those with extensive training in the investment arena should be allies you can count on. But as with any industry, charlatans and opportunists abound-people who often deceive their clients into detrimental products or strategies so the "advisor" can make a nice commission, then leave the client's portfolio in a state of little to no gain.
Certified Financial Planner Ryan Morrissey has written this book to help change that. With over twenty years as a financial advisor, and after reviewing hundreds of prospective clients' portfolios suffering from poor strategies, Ryan has built his business on what he considers the gold standard in his field: the fiduciary model. Within this model, advisors are paid a set fee, clearly disclosed and agreed upon before entering into an agreement with a client-and the conflict of interest of earning commissions is absent. This arrangement lends to partnerships that are confidently in accord; the better your advisor does for you, the better he or she is compensated. In short, between advisor and client, it is either win-win or lose-lose, never win-lose, as commission-based brokerage partnerships can frequently be.
In Fiduciary, Ryan provides easy-to-follow, step-by-step guidelines for finding, hiring, and establishing an aligned and trusted partnership with a fee-only fiduciary financial advisor. This thoughtful and useful book will walk you through:
The reasons you may want to hire a financial advisor How the fiduciary model is beneficial to you as a client, and what to look for in advisor candidates How to prepare for your partnership and what to expect from it Getting it R-I-T-E in planning for Retirement, Insurance, Taxes, and your Estate Choosing investment strategies aligned with your life plan Steering clear of losing strategies Ensuring your fiduciary partnership is delivering value to you
An indispensable guide for anyone looking to hire an advisor for the first time-or to re-evaluate a current partnership or investment strategy-Fiduciary will arm you with knowledge and a clear path, aiming to assuage any t