Is It Really Your Money?

Last edited Thu Nov 28, 2024, 09:18 AM - Edit history (1)

Like most investors, I believed that my financial advisor’s job was to “advise,” and that I possessed 100% ownership and 100% decision-making authority over my money in my investment portfolio. That is I did until July 7, 2023—the date my financial advisor, in reliance of his discretionary investment authority, stole my $2 million dollar investment portfolio, a theft committed solely because he disagreed with my vision for my use of my money in my investment portfolio.

Few investors are aware that discretionary investment authority severs the investor’s right to make decisions about their money the moment the investor hires a financial advisor. Because of this my financial advisor was never prosecuted.

Why does the SEC and FINRA allow the investor’s risk to this aspect of discretionary investment authority be a well-kept financial industry secret?

My just-published book IS IT REALLY YOUR MONEY? TRACKING MONEY FROM PAYCHECK TO PORTFOLIO is the true story of not only how discretionary investment authority puts every investor’s portfolio serviced by a financial advisor at risk of theft, but also leaves the investor without legal recourse when a theft occurs. Women—who now control more than half of all U.S. wealth — are most at risk of financial advisor fraud under our patriarchal system.

The book is available in soft cover and e-book formats on Amazon. The e-book is free on Amazon’s KindleUnlimited.

If you find the book to be informative please share with others. Also, check out the “Updates” section of www.isitreallyyourmoney.com, a website I created as an adjunct to my book. Update #2 is especially newsworthy. On the Blog section of the website feel free to share your comments and questions with others in the investing community.

NOTE: The website will not be live until 11/29.

CrossPosted in Non-Fiction and Women’s Rights and Issues

Edit to add: The website is now live. The address is https://isitreallyyourmoney.com