What Your Financial Advisor Isn't Telling You
The 10 Essential Truths You Need to Know About Your Money
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4.8 • 4 Ratings
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- $11.99
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- $11.99
Publisher Description
Protect your money with this “accessible and practical” guide to hiring and working with financial advisors (Publishers Weekly, starred review).
Hiring a trained expert to safeguard and grow your wealth seems like a foolproof decision, but it can go awry for many people. You should never blindly trust that your advisor has your best interests at heart—and while there are many benefits to working with a financial pro, there are some things you should know first.
Drawing on her insider’s knowledge of how the financial advice profession really works, Liz Davidson shows how to judge whether an advisor is going to help or harm your savings. This no-nonsense guide covers questions such as:
How should you decide if you really need an advisor?What financial moves can you make without their help?What important questions should you ask before trusting them with your money?What are the red flags you should run from?What does all their jargon really mean?
Learn how to take control of your financial well-being—either with a financial advisor or without one.
“This book is mandatory reading for anyone who wants a better understanding of how to manage their money.” —Mary Beth Franklin, InvestmentNews
“Valuable tools for managing one’s personal finances for maximum results.” —Publishers Weekly, starred review
PUBLISHERS WEEKLY
Davidson, founder and CEO of Financial Finesse, a financial education company, provides an informative, easy-to-understand guide to what to look for when contemplating financial options. Offering cautionary stories of inexperienced financial planners and investors, she warns that financial advisors often fail to share important information with clients. To remedy that, she gives research-based advice on 10 topics. One is to take advantage of the greatest financial resource available to many people, namely employer-provided services: matching 401(k) funds, free legal services, and health insurance, among others. She includes an invaluable chart that lists different benefits, covering how they work, how to maximize them, and the estimated value of each. She also explores paying off debt, avoiding bad advisors, choosing mutual funds, and recognizing the hidden cost of taxes. Elsewhere, Davidson examines the effects that life partners have on financial security and provides a step-by-step guide to increasing your wealth. She closes with a handy checklist to getting debt-free and financially independent. Accessible and practical, this guide contains valuable tools for managing one's personal finances for maximum results.
