What Your Financial Advisor Isn't Telling You : The 10 Essential Truths You Need to Know About Your Money (9780544633346) by Davidson Liz

Author:Davidson, Liz
Language: eng
Format: epub
Publisher: Houghton Mifflin

WHY YOUR FINANCIAL ADVISOR NEVER TALKS ABOUT RELATIONSHIPS AND FINANCES

So if who you choose to spend your life with is so important to your financial security, then why don’t advisors stress this more? Why do many advisors actually avoid working with couples, preferring instead to work with just one partner in a couple and treating that person as the “representative” of the couple’s wishes?

There are several reasons financial advisors ignore the impact of relationships on finances:

Financial advisors are not marriage counselors. They don’t have the skills, training, or patience to facilitate productive discussions with a couple about their money. They are there to invest your assets, and it’s easiest for them when they can work with one person rather than two, who might often disagree as to the right course of action.

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