Are your life’s savings safe? A Wall Street insider reveals fatal flaws and hidden risks of wealth management and unveils a new system for protecting your portfolio—and firing your financial adviser.
Millions of us are committing a slow, imperceptible form of financial suicide.
Chances are your IRA or 401(k) carries far more risk than you realize, lacks real diversification that could reduce downside risk, and is falling behind the underreported rate of inflation that eats away at your retirement fund every year.
In the next market crash, you could be left vulnerable and unprotected.
Wall Street financial advisers are supposed to build and preserve your wealth, yet they are untrained in portfolio construction and how to contain risk and bulletproof your investments. They charge high fees and sometimes put their own interests ahead of yours.
Now Ed Butowsky, a Wall Street insider who spent two decades as one of the top producers at the fabled firm of Morgan Stanley & Co., breaks from the pack to reveal the flaws, fibs, and failings of financial advisers. To fix this mess, he has created the new CHIP Score to empower you to evaluate the potential for Risk & Reward in your portfolio and grade your adviser—before the next meltdown.
Nobody else on Wall Street ever dared to create anything like it. Wealth Mismanagement will empower investors to protect themselves.
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“This book is the best at helping investors determine if what they have is what they need.”
— Dennis Greenwald, Former General Counsel, Morgan Stanley
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Ed Butowsky is the founder and managing partner of Chapwood Investments in Plano, Texas, advising professional athletes, CEOs, entrepreneurs, and other investors in how to build and preserve their wealth. He spent eighteen years at Morgan Stanley & Co. before founding his own firm. He is a frequent markets guest on Fox News Channel, Fox Business Network, CNBC, and Bloomberg TV, and is known for his blunt and contrarian views.
Traber Burns worked for thirty-five years in regional theater, including the New York, Oregon, and Alabama Shakespeare festivals. He also spent five years in Los Angeles appearing in many television productions and commercials, including Lost, Close to Home, Without a Trace, Boston Legal, Grey’s Anatomy, Cold Case, Gilmore Girls, and others.