Understand the industry Lexicon – ROBOs, brokers, RIAs, 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). What are the best resources if on your own? If you opt for an advisor, how to ensure the advisor is a “wise investment”.
Professor Glenn Frank 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 for 10 years. Glenn is currently the Director of Investment Tax Strategy at fee-only Lexington Wealth Management. Over the years, Glenn has counseled numerous students and clients at various stages in their lives. Currently, his focus is community education, providing an insider’s view of the financial services industry, and helping charities with his expertise.