Who can you trust with your money? : get the help you need now and avoid dishonest advisors

Format:

Book

Author/Creator:

Kirchner, Bonnie S., Author.

Language:

English

Subjects (All):

Financial planners--United States.

Investment advisors--United States.

Physical Description:

1 online resource (xxiv, 197 p.).

Edition:

1st edition

Place of Publication:

[Place of publication not identified] Pearson Education 2010

Language Note:

English

System Details:

text file

Summary:

“ Bonnie Kirchner is perhaps the only person in America who is qualified enough to write this book. She has the experience, the firsthand knowledge, and the credibility to help you find a personal financial advisor you can trust. In ways no other author could, she helps you navigate the oftentimes treacherous world of personal financial advice and helps you learn how to find someone you can trust with your money, your financial plan, and your life’s goals.” — Robert Powell , Editor, Retirement Weekly ; Retirement Columnist, MarketWatch.com/retirement “ This book is a must read for those consumers thinking about hiring a financial advisor and for those who have one already. Bonnie shares her personal story so that you can be protected from the scammers and the thieves that seem to lurk in the shadows. 99% of financial advisors are the good guys that wear the white hats and really want to help their clients succeed. Bonnie can help you sift through the masses to weed out that bad seed.” — Dee Lee , CFP®, Harvard Financial Educators and Personal Finance Editor, WBZ radio–CBS affiliate, Boston “ The two biggest risks to your financial well-being are not the markets and the economy; they are fraud and bad advice. The author shares her personal story of how this can happen even with those we trust the most. More importantly, she gives you the knowledge of what financial planning is all about and then how to steer clear of potential fraud or just plain bad advisors!” — Dave Caruso , CFP®, Chairman and CEO, Coastal Capital Group Is Your Financial Advisor Stealing From You? If it could happen to Bernie Madoff’s clients, it could happen to you. Make sure it doesn’t. Bonnie Kirchner reveals the hidden signs that could mean you’re getting ripped off–and what to do about it if you are. You’ll also learn how to identify a truly reputable advisor and build a relationship that gives you your money’s worth. Nobody’s more qualified than Kirchner to write this book. She’s a CERTIFIED FINANCIAL PLANNER™ professional who was one of New England’s leading TV personal finance reporters. And, as the unwitting victim of her ex-husband, notorious Ponzi schemer Brad Bleidt, she found her own life ripped apart by one of the nation’s biggest financial scandals. Since divorcing Bleidt, she’s devoted herself to understanding exactly how financial scammers operate. This book shares everything she learned the hard way–so you won’t have to! • Choose a capable advisor you can t...

Contents:

Cover

Contents

Acknowledgments

About the Author

Introduction

Chapter 1 Recent Investment Scams

Bradford C. Bleidt

Bernard Madoff

Chapter 2 What Is Financial Planning?

Chapter 3 The Meaning Behind Advisor Designations and Licenses

Chapter 4 Advisor Compensation

Chapter 5 Deciphering Fee Structures

Portfolio Development and Asset Management

Financial Planning

Stocks, Bonds, and Exchange Traded Funds

Mutual Funds

Variable Annuities

Indexed Annuities

Insurance

Chapter 6 Finding Additional Fees

Managed and/or Brokerage

Exchange Traded Funds and Index Funds

Chapter 7 Financial Products and Advisor Compensation

Investment-Related

Insurance Coverage

Chapter 8 Statements, Communications, and the "Dreaded" Prospectus

Statements

Prospectuses-Mutual and Exchange Traded Funds

Shareholder Updates and Annual Reports

Prospectuses-Variable Annuities

Standard Charges (on Most Contracts)

Rider Electives

Proxy Materials

Chapter 9 The Roles of Various Financial Institutions

Investments in Insurance Products

Investment Management and Investment Product Sales

The Broker/Dealer

The Custodian

The Federal Deposit Insurance Company

The Securities Investment Protection Corporation (SIPC)

Chapter 10 Understanding What You Need

Chapter 11 Choosing Advisors to Consider

Chapter 12 Choosing Candidates to Interview

Chapter 13 Interviewing Candidates

Preparing for the Meeting

During the Meeting

After the Meeting

Chapter 14 Spotting Red Flags: Advisors to Avoid

The Name and Information Gathering Phase

Advisors to Avoid

Chapter 15 The Rules of Engagement

Chapter 16 Maintenance of the Advisor-Client Relationship.

Chapter 17 Activity

Chapter 18 Accessibility

Chapter 19 The Dysfunctional Relationship

Chapter 20 Criminal Versus Non-Criminal Behavior

Chapter 21 Filing a Complaint

Appendix A: Consumer Resources

Credit Ratings Agencies

Appendix B: Glossary.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Description based on publisher supplied metadata and other sources.

ISBN:

9786612453335

9781282453333

1282453335

9780137033683

0137033680

OCLC:

1027198240