In 2021,he established Chapwood Investments, LLC, an investment advisory company focusing on client wealth management. In addition, he became the founding partner of Global Financial Management, LLC.
Ed Butowsky talked about financial education in a meeting with Howard Stern. He was quoted as stating, quote,”The financial education of anybody nowadays can be found on the internet.” He proceeded to add that people now need more than just basic knowledge of finance, but must be armed with the tools to handle their finances. He proceeded to state thatthere are too many people out there that do not understand how to manage their money and lose it. He went on to call the ones that do understand how to invest correctly as”courageous individuals,” and he believed these individuals were in great demand. In precisely the exact same interview, Butowsky said the requirement for financial education for the general public.
Before we move on, I want to give Ed Butowsky a few 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, some of his recommendations might have been demonstrated to be a bit off the mark, but overall, this is a very good book as far as financial advisors go.
In this publication, Butowsky starts out by describing the job of a financial adviser. The focus of the first section is about what a financial adviser does. In accordance with Butowsky, his main responsibility is to analyze the financial statements of clients and recommend changes in order to enhance their financial wellbeing. However, the real test of a financial adviser is in how they handle their own portfolio.
This section of this book is quite comprehensive and goes in the kinds of investments which an advisor should appraise before recommending any kind of investment. But,even after considering all ofthe best investment opportunities, a financial adviser still has some obligation to their clientele. The book then continues with a short description of how to make investments. And, finally,it concludes with some brief but very helpful strategies for managing cash.
Overall, this is a nice little book. It doesn’t have the bells and whistles of morerecent books on financial management. However, for a person who’s just getting started in the world of investment management, it features a good primer. Plus, the great thing about Ed Butowsky’s strategy is that it’s practical, even for individuals alreadyon the cusp of investing. I think anyone interested in financial analysis will find something to enjoy here.