Let’s face it, the words “interesting”, “entertaining” and “book about finance” have never appeared in a sentence together. Until now. Peter Dougherty’s new book, “The Dougherty Code: Secrets of Financial Planning in Spain Revealed” is an interesting, entertaining book about finance.
Because navigating the world of financial planning can often feel like traversing a maze without a map, “The Dougherty Code” blends personal storytelling together with financial insight so readers can learn about financial planning without needing to expend an effort. Thus, the book demystifies the nuances of financial planning in Spain. It is rare to encounter a guide that is as enlightening as it is enjoyable to read.
Beyond the invaluable financial advice tailored to the unique landscape of Spain, what truly sets this book apart is Dougherty’s evident empathy for his readers. He doesn’t just talk at you; he takes you along for the ride, offering a seat next to him as he navigates the complexities of the industry. As a result, learning about financial planning becomes not a chore but a delightful journey.
“The Dougherty Code” offers an introduction into Spanish wealth management and financial planning, blending practical advice with cultural insights. Drawing from his vast industry experience, Dougherty makes complex financial topics accessible, emphasizing the importance of trust between clients and advisors. The book stands out for its real-world anecdotes and clear guidance.
As an American living in Spain, Dougherty knows first-hand the oddities of taxes earned in another country. He uses an analogy of owning shoes. “Sadly, one shoe was manufactured in one factory and its mate was manufactured in a different factory. And the two factories don’t measure or manufacture shoes in the same way.” Suffice it to say Americans may as well go barefoot. But in the case of Americans here, the U.S. government and the IRS doesn’t allow that.
Most Americans and Brits in Spain are trying to maintain or grow their wealth in some sense. Dougherty makes a convincing case for hiring a certified financial planner to manage those assets, arguing that free financial advice is not really free at all. Clients often pay hidden fees in the form of retrocessions. And those “retros”, as they’re called, pervert financial planning by paying kickbacks to financial advisors.
The author is a Financial Planner at BISSAN Wealth Management in Spain. His motivation for writing the book, and for being a financial planner in the first place, is to help people who don’t have an affinity for finance. Mr. Dougherty recalls not liking the days in his youth that led up to April 15 (deadline for filing income taxes in the United States on Form 1040) because his optimistic, cheerful father wasn’t his typical self. Although the younger Dougherty knew that his dad was intelligent, he saw that not speaking the “language” of finance caused his father to dread the annual chore of tax-filing.
That’s why Peter Dougherty made it his goal to make “The Dougherty Code” simple and easy to understand. The 122-page book is a breezy guide for all English-speakers living in Spain. And it includes witty cartoons and great graphs too. Whether you’re an absolute beginner or someone well-acquainted with financial strategies, you’ll find immense value in every chapter. By the end of “The Dougherty Code,” readers will not only gain a deeper understanding of financial planning in Spain but also an appreciation for the art of storytelling in finance.
Dougherty’s writing style is a breath of fresh air in the often-complex world of finance. He effortlessly translates intricate concepts into everyday language, ensuring that readers from all walks of life can grasp and implement the strategies. He masterfully breaks down complex financial concepts into bite-sized, digestible pieces, ensuring that you’re never overwhelmed. If you’re ready to rewrite your financial story and embrace a brighter, more secure future, “The Dougherty Code” deserves a prime spot on your bookshelf.
Peter Dougherty is a Financial Planner at BISSAN Wealth Management in Spain. He is a Chartered Retirement Planning Counselor® in the U.S. and a European Financial Planner (EFP) in Spain. Peter spent 20 years as a bond specialist at Wall Street investment banks First Boston, Lehman Brothers and Bank of America Merrill Lynch. He holds a Certificate in Financial Planning from Northwestern University in Chicago, a BS in Economics from Arizona State University, and an MBA from Columbia Business School in New York. Mr. Dougherty divides his time between Barcelona, Chicago, and Madrid.