Dan Danford, MBA, CRSP«, is president of Family Investment Center. He is the author of two books, May I Help You: Why You Need a Fee-Only Advisor and Million Dollar Management: Simple Lessons to Use Wealth Management Principles for Your Family Investments.

The author is not an employee of Morningstar, Inc. The views expressed in this article are the author's. They do not necessarily reflect the views of Morningstar. Feedback about this article may be sent to advisorquest@morningstar.com.