Understand the industry Lexicon – ROBOs, brokers, IRAs, financial planners, money managers, wealth managers, family office, fee-only, fee-based… all in the context of successfully completing the 5 step investment process needed to accomplish your goals. Planning, emotions and taxes are integral to the process. How best to do this yourself or would one of these advisory models be worth paying for?
Understand that advisors must navigate numerous conflicts of interest from the subtle (deviating from the S&P 500) to the not so subtle (commissions). Best resources if on your own. If not, how to ensure the advisor is a “wise investment”!
Glenn Frank (MST, CPA/PFS) was the Founding Director of the Master of
Personal Financial Planning program at Bentley University in 1996 where he
taught investment courses until 2015. Worth Magazine recognized him as one of the country’s top Wealth Advisors for10 years. Glenn is currently the Director of Investment Tax Strategy at fee only Lexington Wealth Management.