How do you know if your financial advisor is on your side? Business Insider writer Alexis Rhiannon features my book, Millionaire Teacher, when answering this question. If they build portfolios of index funds (or DFA funds) exclusively, then they almost certainly are. Before expense ratio fees and taxes (in a taxable account) a portfolio of actively managed funds would have to beat their benchmark indexes by about 4% per year just to match an equal risk-adjusted portfolio of index funds.
The exact question to ask to find out if your financial advisor has your best interests in mind
In “Millionaire Teacher” by Andrew Hallam, the author shares a simple strategy for choosing the right financial advisor.
Alexis Rhiannon
