A financial advisor can be a wonderful ally, but cannot build wealth for you or guarantee a stable financial future. Liz Davidson, a former hedge fund manager, describes what an advisor can and cannot do for you in her new book, “What Your Financial Advisor Isn’t Telling You.” Davidson covers such topics as investing basics, how to talk about money with your spouse or partner, and when a financial advisor can be a great resource. Many people, including high net worth individuals, lack an understanding of the basics of investing. Many people also don’t talk about money constructively with the people they share their lives with. By understanding the principles of investing and how to manage your own finances, with or without a partner, you will be better equipped to choose a financial advisor and work with him or her successfully.
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