DIY Financial Advisor: A Simple Solution to Build and Protect Your Wealth

August 31, 2015|
DIY Financial Advisor: A Simple Solution to Build and Protect Your Wealth by Wesley R. Gray
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DIY Financial Advisor: A Simple Solution to Build and Protect Your Wealth

DIY Financial Advisor
is a synopsis of our research findings developed while serving as a consultant and asset manager for family offices. By way of background, a family office is a company, or group of people, who manage the wealth a family has gained over generations. The term ''family office'' has an element of cachet, and even mystique, because it is usually associated with the mega-wealthy. However, practically speaking, virtually any family that manages its investments—independent of the size of the investment pool—could be considered a family office. The difference is mainly semantic.

DIY Financial Advisor outlines a step-by-step process through which investors can take control of their hard-earned wealth and manage their own family office. Our research indicates that what matters in investing are minimizing psychology traps and managing fees and taxes. These simple concepts apply to all families, not just the ultra-wealthy.

But can—or should—we be managing our own wealth?

Our natural inclination is to succumb to the challenge of portfolio management and let an ''expert'' deal with the problem. For a variety of reasons we discuss in this book, we should resist the gut reaction to hire experts. We suggest that investors maintain direct control, or at least a thorough understanding, of how their hard-earned wealth is managed. Our book is meant to be an educational journey that slowly builds confidence in one''s own ability to manage a portfolio. We end our book with a potential solution that could be applicable to a wide-variety of investors, from the ultra-high net worth to middle class individuals, all of whom are focused on similar goals of preserving and growing their capital over time.

DIY Financial Advisor is a unique resource. This book is the only comprehensive guide to implementing simple quantitative models that can beat the experts. And it comes at the perfect time, as the investment industry is undergoing a significant shift due in part to the use of automated investment strategies that do not require a financial advisor''s involvement. DIY Financial Advisor is an essential text that guides you in making your money work for you—not for someone else!

WESLEY R. GRAY, PHD, is the founder of Alpha Architect, LLC, where he is the executive managing member. Dr. Gray is the co-author of Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors. JACK R. VOGEL, PHD, is a managing member of Alpha Architect, LLC, where he heads...
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Title:DIY Financial Advisor: A Simple Solution to Build and Protect Your Wealth
Format:Hardcover
Product dimensions:224 pages, 9 X 6.1 X 0.8 in
Shipping dimensions:224 pages, 9 X 6.1 X 0.8 in
Published:August 31, 2015
Publisher:Wiley
Language:English
Appropriate for ages:All ages
ISBN - 13:9781119071501

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