Fiduciary: how to find, hire, and establish an aligned and trusted partnership with a fee-only financial advisor.
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 trepidation you may feel about entrusting your assets to a financial advisor. By empowering you with solid expectations and enough understanding-without overwhelm-Ryan hopes to embolden you with assurance that you can retire with ease and provide for your loved ones, even within the rapidly changing financial landscape we live in today.
“If you are an investor looking to learn how to find, hire, and establish an aligned and trusted relationship with a fee-only wealth advisor, look no further.”
“I highly recommend this book to anyone who’s interested in learning more about the financial advisory world and how to make a better-informed decision about finding their own advisor.”
About the Author
Ryan Morrissey is a Fee-Only Financial Planner and speaker who specializes in helping people over 50 develop and implement a solid and reliable plan for retirement.
After graduating from the University of Delaware, he started his Financial Advisor career with Morgan Stanley. After making it through the 2008 financial crisis bruised but hopeful, he realized that he could better serve his clients if he were independent.
In 2010, he transitioned to an independent Financial Advisor affiliated with LPL Financial. While he continued doing the work he loved, he knew he could do more.
After years of consideration, he finally stepped out on his own in 2018 to form Morrissey Wealth Management and become a Fee-Only Financial Planner. Today, he’s proud to be a full-time fiduciary for his clients.
Ryan lives in Cheshire, Connecticut with his wife and two kids.