Fiduciary: How to Find, Hire, and Establish an Aligned and Trusted Partnership with a Fee-Only Financial Advisor - Ryan R. Morrissey

Descriere

A comprehensive guide to the essential attributes, questions, and evaluation tools for fostering a trusted partnership with a financial advisor. n A must-read for anyone seeking to secure their financial well-being. -Geoffrey I. Kanner, CFP(R), Kanner Financial Services LLC n 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. n 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. n 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: n 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 n 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