Overview

"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 straightforward 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 to assuage any trepidation you may feel about entrusting your assets to a financial advisor. By empowering you with solid expectations and understanding, 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."" --Larry Swedroe, author of The Only Guide to a Winning Investment Strategy You'll Ever Need and Enrich Your Future"

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Reviews

"In Fiduciary, author Ryan Morrissey provides a comprehensive guide for individuals seeking to secure their financial future through the selection of the right financial advisor. The book serves as a beacon of light in the often murky waters of personal finance, offering practical advice and valuable insights to help readers make informed decisions about their financial planning. One of the standout features of this book is its accessibility. Instead of drowning readers in complex financial jargon, Ryan presents information in a clear and concise manner, making it easy for individuals at any level of financial literacy to grasp the concepts discussed. From explaining the different types of financial advisors to outlining the key questions to ask during the selection process, the book serves as a roadmap for navigating the complexities of financial planning. Fiduciary is a valuable resource for anyone seeking guidance in choosing a financial advisor. Whether you're just starting out on your financial journey or looking to reassess your current advisor relationship, this book offers practical advice, actionable steps, and invaluable insights to help you make the best decision for your financial future. It's a must-read for anyone seeking to secure their financial well-being."" -Geoffrey I. Kanner, CFP(R), Kanner Financial Services LLC ""Ryan does a great job explaining the landscape of the financial advisory industry, detailing how best to find an advisor, discussing what to expect from a good advisory engagement, and providing insight into what a successful relationship and outcome should look like. 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."" -Andy Panko, CERTIFIED FINANCIAL PLANNER(TM) and owner of Tenon Financial ""Being a fiduciary is more than just a job, it's a responsibility to always act in the best interest of others. Ryan's book brilliantly captures the essence of what it means to be a fiduciary and is a must-read for anyone in the financial industry. Highly recommended!"" -Michael Collins, CFA, founder and CEO of WinCap Financial ""Fiduciary is a complete guide to understanding the investment advisory and financial planning industry. Ryan wrote this book in a way that the reader can directly and immediately apply his guidance to find, vet, and choose an advisor. He even covers how to ""keep your advisor honest"" along the way. I would recommend this book to anyone looking to understand the need for, find, and engage a competent fiduciary financial advisor."" -Shaun M. Jones, CFS, CFP(R), president of Jones Fiduciary Wealth Management and author of Unbrainwashed Investing ""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, Fiduciary provides the answers in simple, easy-to-understand terms. Look no further."" -Larry Swedroe, head of economic and financial research, Buckingham Group, and author of The Only Guide to a Winning Investment Strategy You'll Ever Need ""Finding an advisor who always puts clients before themselves is the definition of a fiduciary, and Ryan explains to readers the importance of understanding this distinction. As an investor or person saving for retirement or something else, you owe it to yourself to know who is on your side and who may not be. This book can be a valuable tool in that endeavor."" -Steven D. Lockshin, principal at AdvicePeriod and author of Get Wise to Your Advisor"

Author Information

Ryan R. Morrissey is a financial advisor and president of Morrissey Wealth Management in North Haven, Connecticut. He specializes in helping people over fifty develop and implement a plan for retirement. He is also the host of the podcast, Retire with Ryan, and is a public speaker and educator. He has earned the designations of Certified Financial Planner(R) practitioner, Chartered Financial Consultant(R), Chartered Life Underwriter(R), and Chartered Mutual Fund Counselor(R). These sought-after designations required advanced coursework in taxes, retirement planning, estate planning, investments, and risk management. Maintaining these designations demands a rigorous program of ongoing education and adherence to a strict code of ethics, which he is proud to uphold. Ryan lives in Cheshire, Connecticut, with his wife, Tiffany, son Ryan Jr., and daughter Emilia. He is an avid golfer and enjoys spending time with family, attending UConn sporting events, and further educating himself about his profession. Find out more at www.retirewithryan.com.

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