Get Wise to Your Advisor: How to Reach Your Investment Goals Without Getting Ripped Off
Does your investment advisor have your best interests at heart—or his own?Most Wall Street advisors work on a commission basis, so the more financial products they convince you to buy the more money they make. So how do you know whether your advisor is giving you wise guidance or just using you to line his pockets? InGet Wise to Your Advisor,former Wall Street insider Steven Lockshin pulls back the veil on the conflicts of interest that can put what's best for you at odds with what's best for your advisor and shows you how to take back control of your financial future.Ranked as the top independent advisor in the United States byBarron's, Lockshin knows exactly how helpful a good advisor can be and just how much damage a bad one can do. Here, he gives you the tools and insight you need to find an advisor who will put your well-being first—a trusted fiduciary who is knowledgeable and doesn't work on commission. Based on the principles and ethical standards that have made his firm a leader in the industry, Lockshin explains what you should look for in an advisor and what questions you should ask before trusting anyone with your money.But with the modern technology and wealth of information available today, you might just be your own best advisor.Get Wise to Your Advisoroffers effective tools and strategies for do-it-yourself investors who want to plan long-term goals, manage their asset allocation, employ low-cost tax-efficient investment strategies, and even run Monte Carlo simulations.Wall Street almost always wins, even when its clients lose. But you have the power to change that relationship—by voting with your wallet. Whether you choose to use an advisor or do it alone, this book gives you all the information you need to make the best decision for your financial health.