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Reviewed by Nandita Keshavan for Readers' Favorite
How to Pick a Financial Advisor is an honest, compelling and concise guide by John Woodman. Woodman is genuinely concerned about helping people and one of the best ways in which he thinks he can do this is via encouraging people to seek out reliable and effective financial advisors. He covers the main aspects of financial advice and encourages people to avoid scammers and risky investments.
Woodman describes the traits of a good financial advisor and which situations people should try to be cautious of or consider avoiding altogether. He also makes a compelling case for hiring a financial advisor and gives his opinion on the fees that one would pay to the advisor.
Trusting a person to invest your money well can be daunting and I think that the principles on advisor selection are very useful, or even essential for getting the most peace of mind in this process. Woodman explains with examples how devastating financial losses can occur when people invest in risky ways or get taken advantage of by scams. These are chilling events that everyone would wish to avoid.
On a lighter note, I found Woodman's background interesting since he spent the early part of his career in charitable organisations. Readers would thus appreciate his advice more since he seems to be sincere in wishing people stability and success in financial management. For a clear guide with interesting anecdotes and examples of essential concepts in seeking financial advice, I highly recommend this book for people at all stages, whether new to the field or experienced.