Edward”Ed” Butowsky is a certified public accountant and financial adviser. In 2021he established Chapwood Investments, LLC, an investment advisory firm focusing on client wealth management.
Ed Butowsky talked about financial education in an interview with Howard Stern. He had been quoted as stating, quote,”The fiscal education of anybody nowadays can be found on the internet.” He went on to add that people now need more than just a basic understanding of fund, but must be equipped with the tools to handle their finances. He went on to state thatthere are too many people out there that do not know how to control their money and shed it. He moved on to call those that do know how to invest correctly as”courageous people,” and that he thought these folks were in good demand.
Before we proceed, I wish to give Ed Butowsky some credit. The chap is absolutely an expert in regards to financial advice and investing. He is a very good writer and has a very engaging character. That being said, a number of his recommendations might have proven to be a bit off the mark, but overall, this is a very good book so far as financial advisers move.
Within this book, Butowsky begins by describing the task of a financial adviser. The focus of this first section is about what a financial adviser does. In accordance with Butowsky, his main responsibility is to examine the financial statements of clients and recommend changes so as to improve their financial wellbeing. However, the real test of a fiscal adviser is in how they handle their own portfolio.
This section of the book is quite comprehensive and goes into the kinds of investments which an advisor should evaluate before recommending any type of investment. Buteven after considering all ofthe best investment opportunities, a fiscal adviser still has some responsibility to their clientele. The book then continues with a brief description of how to invest. And, finallyit concludes with some brief but quite helpful strategies for handling money.
Overall, this was a nice little book. It doesn’t have the bells and whistles of recent books on fiscal management. However, for a person who’s just getting started in the area of investment management, it features a good primer. Plus, the great thing about Ed Butowsky’s approach is that it is practical, even for people alreadyon the cusp of investing. I think anyone interested in financial evaluation will find something to enjoy here.