Podcasts about right financial advisor

In this episode of The Power of Her, Dawn sits down with Nancy Griffin, CFP and founder of Women Worth and Wellness, to talk about what really happens when you connect your self-worth to your net worth.   Nancy shares her leap from corporate life to building a business designed to help women step into financial confidence and personal power. From breaking the glass ceiling to redefining leadership through her “daring and caring” philosophy, she dives into why owning your life—your health, your money, your voice—is the most important investment you can make. Whether you're just starting your wealth journey or looking to build a lasting legacy, Nancy's insights will leave you inspired to take the next bold step.  

"Plans fail for lack of counsel, but with many advisers they succeed." — Proverbs 15:22When it comes to managing money wisely, many of us could use some help, but how do you know you've found the right financial advisor? Today, we'll explore a few key questions you should ask when hiring someone to help you with your financial decisions. Sharon Epps is here to help us navigate that process.Sharon Epps is the President of Kingdom Advisors, FaithFi's parent organization. Kingdom Advisors serves the broad Christian financial industry by educating and equipping professionals to integrate biblical wisdom and financial expertise.How to Find a Financial Advisor Who Aligns With Your FaithFinding a financial advisor can be overwhelming, but it doesn't have to be. With the right questions and a clear framework, you can confidently choose someone who aligns with your values, demonstrates technical competence, and offers a transparent process. Here are three things to consider when hiring a financial advisor who shares your faith and values.  1. Values Alignment: Do They Share Your Worldview?The most important starting point is finding an advisor whose faith informs their advice. There's a big difference between an advisor who is a Christian and one who actively discusses financial decision-making through a biblical lens.Key Questions to Ask:What role does faith play in your financial advice?How do you define financial success?You're listening for more than a respectful nod toward your faith. You want to know if they see money as a tool for stewardship, generosity, and Kingdom impact, not just a means of personal gain.2. Competency: Are They Qualified to Serve You?Once values are aligned, it is essential to ensure the advisor has the technical skills and experience necessary to guide your financial decisions.Look for:Industry certifications (like CFP®, CPA, CKA®, etc.)Experience working with clients in your stage of lifeKey Question to Ask:Can you tell me about clients you've served who are in a similar situation to mine?Good advisors won't name names, but they should be able to share stories of impact that demonstrate how they've helped people like you.3. Process & Compensation: Are They Transparent and Clear?A trustworthy advisor will be open about how they make money and how they work with clients.Key Questions to Ask:Can you explain how you're compensated—fees, commissions, or both—for someone like me?What is your process for creating a financial plan?They should be able to explain their step-by-step approach, timeline, and what you'll need to provide—all in clear, understandable terms. You want someone with “the heart of a teacher.”Ready to Find an Advisor?If you're beginning your search—or even considering reevaluating your current advisor—you can start at FaithFi.com. Click on “Find a Professional” to locate a Certified Kingdom Advisor® (CKA®) near you. These advisors have been vetted for:Biblical worldviewIntegrityTechnical excellenceYou'll also find a free downloadable PDF with suggested interview questions to help guide your search. You can rehire your advisor every year, and it's wise stewardship to evaluate that relationship regularly.When advisors undergo CKA® training, they begin to carry the weight of stewardship—not only for their own resources but also for how they guide clients to make decisions with eternal impact. That's the kind of advisor worth seeking out.On Today's Program, Rob Answers Listener Questions:My wife and I want to set up a will. We have a son we support and want to make sure he gets everything. I talked to a lawyer who said trusts aren't necessary anymore and are expensive. I have about $300,000 in home equity, and I'm wondering about taxes and how he might handle the property.My dad recently passed away. My mom has been drawing on his Social Security because she didn't have enough credits from working. What percentage of my Dad's Social Security benefits will she receive as a survivor? What benefits will she get since he was a veteran with VA disability?Am I supposed to pay tithes on the income of my Social Security now that I'm retired?Now that my wife is retired and I'm almost retired, is maintaining a good credit score still important?Resources Mentioned:Faithful Steward: FaithFi's New Quarterly Magazine (Become a FaithFi Partner)Social Security Administration (SSA.gov) | U.S. Department of Veterans Affairs (VA.gov)Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money (Pre-Order)Look At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

When it comes to managing money wisely, many of us could use some help, but how do you know you’ve found the right financial advisor? On today's Faith & Finance Live, Sharon Epps will join Rob West to explore a few key questions you should ask when hiring someone to help you with your financial decisions. Then Rob will tackle some financial questions. Faith & Finance Live is a listener supported program on Moody Radio. To join our team of supporters, click here.To support the ministry of FaithFi, click here.To learn more about Rob West, click here.To learn more about Faith & Finance Live, click here.See omnystudio.com/listener for privacy information.

At some point, you may want to seek the help of a financial advisor. A financial advisor can provide education, guidance, and personalized strategies to help you reach your financial goals. They can also conduct research, manage your investments, and... Read More ›

If you've ever wondered whether it's time to sell your unit and trade up to a house, or how strata fees might affect your long-term returns, you're in the right place. Today, I’m tackling the hottest questions coming through our Perth Property Investment Facebook group — and these aren’t just casual curiosities, they’re real scenarios from property owners making big decisions. We’ll cover smart strategies for selling tenanted properties, when buying a unit still stacks up, and what to know before switching to a house. Plus, I’ll take you on a deep dive of Cockburn Central for a look at how it's been performing and the growth potential ahead, which will also give you a lot of insight into what we look for in a suburb. Whether you're just starting or refining your portfolio, this episode will give you insights you can use. Let’s go inside. Resource Links: Get your Strategic Portfolio Plan and our help with Buying Your Next Perth Property (https://www.investorsedge.com.au/invest-in-perth-property/) Get email updates about suburb intelligence reports and exclusive invites to our webinars, events, and workshops. Join (investorsedge.com.au/join) Join the Perth Property Investment Facebook Group (https://www.facebook.com/groups/perthpropertyinvestors) Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join) For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/) For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/ Episode Highlights: Intro [00:00] Discussion on Buying a Two-Bedroom Unit [01:54] Considerations for Buying a Unit [04:47] Case Study: Changing from an Apartment to a House [08:22] Finding the Right Financial Advisor [16:19] Selling an Investment Property with a Tenant [21:49] Deep Dive on Coburn Central [26:36] Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast. Connect with Perth Property Insider: Subscribe on YouTube: https://www.youtube.com/@InvestorsedgeAu Like us on Facebook: https://www.facebook.com/investorsedge See omnystudio.com/listener for privacy information.

Welcome to this week's episode of Think Smart with TMFG! Join Senior Financial Advisors Rob McClelland and Mike Connon from Asante Capital Management as they break down the key differences between fee-based and fee-for-service advisors, helping you figure out which model best supports your financial goals. Are you overpaying for financial advice? And how much does your advisor's fee structure really affect how well your financial plan gets implemented? Rob and Mike dive deep into the real costs, levels of accountability, and execution challenges that come with different types of financial planning. Learn why implementation can be one of the toughest parts—and how choosing the right advisor can make all the difference in keeping your investments, retirement, and estate planning on track. Tune in, and don't miss this chance to cut through the noise and get smarter about your financial future!

What truly shapes our money mindset—and how can we reshape it? In this compelling conversation, Dr. Felecia Froe sits down with certified financial planner Sophia Yudkowsky to explore the roots of our beliefs about money, how family culture and early experiences inform our financial habits and the empowering role of objective financial guidance. From navigating first jobs and 401(k)s to preparing financially for significant life events like marriage and children, Sophia shares practical strategies and more profound reflections.    The episode offers a blend of heartfelt storytelling and tactical wisdom, inviting listeners to reframe their relationship with money, get comfortable asking for help, and, ultimately, embrace the power of informed financial planning.   04:07 Sophia's Financial Journey 05:49 Family Culture and Money 10:30 Financial Planning and Early Career 13:12 Preparing for Parenthood 15:19 Investment Strategies and Options 22:03 Building After-Tax Dollar Buckets 22:25 Understanding Roth IRAs 23:03 Concerns About Government Control 23:44 Importance of Diversifying Investments 24:27 Working with Financial Advisors 25:29 Addressing Money Shame 27:43 Financial Planning for Couples 29:57 Choosing the Right Financial Advisor 31:07 Managing 401k Investments 34:19 How Financial Advisors Get Paid 37:42 Financial Nesting for New Parents  

What truly shapes our money mindset—and how can we reshape it? In this compelling conversation, Dr. Felecia Froe sits down with certified financial planner Sophia Yudkowsky to explore the roots of our beliefs about money, how family culture and early experiences inform our financial habits and the empowering role of objective financial guidance. From navigating first jobs and 401(k)s to preparing financially for significant life events like marriage and children, Sophia shares practical strategies and more profound reflections.    The episode offers a blend of heartfelt storytelling and tactical wisdom, inviting listeners to reframe their relationship with money, get comfortable asking for help, and, ultimately, embrace the power of informed financial planning.   04:07 Sophia's Financial Journey 05:49 Family Culture and Money 10:30 Financial Planning and Early Career 13:12 Preparing for Parenthood 15:19 Investment Strategies and Options 22:03 Building After-Tax Dollar Buckets 22:25 Understanding Roth IRAs 23:03 Concerns About Government Control 23:44 Importance of Diversifying Investments 24:27 Working with Financial Advisors 25:29 Addressing Money Shame 27:43 Financial Planning for Couples 29:57 Choosing the Right Financial Advisor 31:07 Managing 401k Investments 34:19 How Financial Advisors Get Paid 37:42 Financial Nesting for New Parents  

Erica sits down with Luke Sauter, a CPA, PFS, and investment advisor who shares insights on the intricacies of financial planning, emphasizing the importance of choosing a trustworthy fiduciary who provides consistent, transparent, and comprehensive wealth management services.   00:43 Meet Luke Sauter: CPA and Financial Specialist 02:34 A Personal Journey: From Corporate to Consulting 04:54 Understanding Financial Designations and Trust 09:37 The Role of a Fiduciary and Financial Planning 16:03 Building Trust and Transparency in Financial Advisory 20:56 The Importance of Regular Communication with Advisors 26:30 The Advisor Mindset Shift 27:13 Transactional vs. Relational CPA Models 28:26 The Importance of Integrated Wealth Management 32:37 Financial Planning for Different Net Worths 36:58 Understanding AUM and Fee Structures 49:59 Choosing the Right Financial Advisor 56:13 Conclusion and Contact Information   Get my Monthly Newsletter here ____________________ Connect with Luke | Website | LinkedIn | Facebook | Instagram | YouTube Connect with Erica | LinkedIn | Website | Newsletter   Disclaimers: Vidarrow Investment Advisors is a Registered Investment Adviser in the state of Illinois. Advisory services are only offered to clients or prospective clients where Vidarrow and its representatives are properly registered or exempt from registration. This podcast is for informational purposes only and does not constitute individualized advice or a guarantee that you will achieve a desired result. You should consult with appropriate tax and/or financial advisors for advice specific to your situation. All expressions of opinion reflect the judgment of the host/interviewee on the date of the program and are subject to change. Luke Sauter is an investment adviser representative of Vidarrow. The firm is a registered investment adviser and only conducts business in jurisdictions where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. The information presented on this program is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. Discussions should not be construed as an offer to buy or sell, or a solicitation of an offer to buy or sell the investments mentioned. A professional adviser should be consulted before implementing any of the strategies discussed. Investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be suitable or profitable for a client's portfolio. All investment strategies can result in profit or loss.  

In episode 49 of Building Wealthy Habits, Laura and Jeremiah Lee discuss the essential considerations for clients seeking a financial advisor. They explore the importance of understanding the advisor's services, fee structures, and the role they will play in the client's financial journey. The conversation emphasizes the significance of building trust, the value of credentials, and the need for alignment in investment philosophy and tax strategies. Ultimately, they encourage listeners to evaluate multiple advisors to find the best fit for their unique needs.

In this insightful episode of The DooDoo Diva's Smells Like Money Podcast, host Suzan Chin-Taylor kicks off a three-part series on Financial Wellness and Retirement Planning for professionals and entrepreneurs in the wastewater industry. Joined by seasoned investment expert and author Steve Selengut, this episode focuses on the critical steps to choosing the right financial advisor for your financial future.

Proper financial planning is ongoing process with plenty of dos and don'ts. Unfortunately, one aspet that many people struggle with is hiring a financial advisor and then building that relationship. Chris Hoffman shares some important insights to help identify and select the right advisor for your particular needs and wants.Visit UnleashYourMoney.com and sign up for your complimentary Portfolio X-Ray. Call 404-341-6767 to schedule your time to speak with the Hoffman Financial Group.

In this episode of "Life Well Lived: A Physician's Guide to Wealth," James Nutter takes a deep dive into the intricacies of selecting the right financial advisor for physicians. James emphasizes the importance of financial wellness and the impact of intentional financial planning in achieving a life well-lived. He revisits his Financial Wellness 101 series, urging listeners to engage thoroughly with the content to gain control over their financial situations. James then introduces a new series, "Financial Advisors Exposed," where he critiques common financial advisory practices and highlights the critical steps physicians should consider when hiring a financial planning team. Throughout the episode, James unpacks the various types of financial advisors—transactional, reactive, and proactive—and guides listeners on determining which type aligns best with their financial goals. Key Takeaways: Understanding Advisor Types: Physicians should distinguish between transactional, reactive, and proactive advisors to select the best fit for their financial needs. Licenses and Standards: Important to verify an advisor's qualifications, ensuring they hold appropriate licenses and adhere to a fiduciary standard. Fee Structures: Awareness of how advisors charge—whether through fees, commissions, or a hybrid model—is crucial for making cost-effective decisions. Comprehensive Services: Deciding whether you need a money manager or a comprehensive financial planner to address all aspects of financial well-being. Communication and Accessibility: Ensure that the advisor's communication style and availability align with your expectations for timely and efficient financial advice. Register for our upcoming PSLF Hacks masterclass here Resources PSLF Hacks Checklist Follow James Nutter Book a free financial wellness diagnostic with James here Instagram Follow IM Wealth Gain FREE immediate access to all of IM Wealth's exclusive physician financial wellness resources here www.imwealth.com Youtube Meaningful Journeys Scholarship Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.

On this week's show: Her husband said, “You do all the retirement planning.” And she doesn't trust financial advisors. Did “stay the course” work this time, or should you see it differently? Can boneless chicken wings have bones? And what can that teach us about retirement? Subscribe or follow so you never miss an episode! Learn more at GoldenReserve.com or follow on social: Facebook, LinkedIn and YouTube.See omnystudio.com/listener for privacy information.

In this conversation, Tripp Limehouse and Steve Sedahl discuss the importance of finding the right financial advisor for retirement planning. They emphasize the need for an income and distribution plan that ensures financial security and independence during retirement. Tripp shares his expertise in helping clients navigate the decumulation stage and avoid common pitfalls. They also mention upcoming events and resources, such as the Social Security and Income Planning Workshop and the Road to Retirement Show website. In this conversation, Tripp Limehouse discusses the importance of working with the right person and introduces the Green Line Principle as a safe money strategy. To connect with Tripp call 800-940-6979. Visit Limehouse Financial to learn more.See omnystudio.com/listener for privacy information.

On this edition Of Plan Today Own Tomorrow, how can you find a financial advisor and not just any financial advisor, but the right financial advisor for you? Today we will walk through the steps to make sure you're doing just that.  If you have any questions about your retirement situation call Guardian Investment Advisors 800-517-1575 or click here to visit our website. Retirement, Planning, Saving, 401K, IRA, TSP, Healthcare,See omnystudio.com/listener for privacy information.

In this conversation, Kevin Brucher discusses the importance of finding the right financial advisor and shares tips on how to do so. He emphasizes the need for trust, a fiduciary standard, and proper licensing. He also highlights the benefits of getting a second opinion and the value of experience in making sound investment decisions. Kevin provides insights into the stock market's performance, inflation rates, and upcoming earnings announcements. He concludes by offering his expertise in low volatility investments and risk mitigation strategies. Call 800-975-6717. Visit Silver Leaf Financial to learn more.See omnystudio.com/listener for privacy information.

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. In this episode of "The Life Well Lived: A Physician's Guide to Wealth," James Nutter continues his mini-series on exposing financial advisors. He shares 15 crucial questions every physician should ask when hiring a financial advisor, emphasizing the importance of finding a fiduciary advisor who acts in your best interest. Nutter also highlights the need for advisors who understand the unique financial challenges faced by physicians. With these questions in hand, physicians can confidently hire their dream advisor without wasting time or making costly mistakes.               Timestamp Summary 0:51 Choosing the Right Financial Advisor for Physicians 4:01 Financial Licensing Exams Versus Medical Board Certification 5:17 Choosing the Right Financial Advisor: Trust Your Gut 6:12 Essential Questions to Ask Your Financial Advisor 8:08 Navigating Financial Licenses and Commission Structures 10:29 Advisor Availability and Client Support Explained 13:16 Choosing Financial Advisors: Questions and Accessibility 15:21 Exploring Levels of Service: DIY to Full Assistance 16:04 Understanding Financial Advisor Fees and Conflicts of Interest 17:51 Challenge Your Financial Advisor with Informed Questions Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.

In this episode, Nick Savas dives into the crucial concept of fiduciaries, shedding light on their role in financial advisory services. Nick explains what it means to be a fiduciary, emphasizing that a fiduciary is legally required to act in the best interests of their clients. He also provides practical advice on how to determine … Read More Read More

We speak with Jude Wilson, a Certified Wealth Strategist and owner of Centrus Financial Strategies. We ask him specifically about selecting the right financial advisor/planner for your specific needs. He gives the wording that if you hear An advisor use these terms, Run! We discuss how to retire with the lifestyle you are currently living, and the importance of asset protection. This episode is packed with gems and is a must listen. Black Men Sundays is ranked #29 of the top 80 Black Wealth Podcasts on https://podcasts.feedspot.com/black_wealth_and_investing_podcasts/

Hey Small Business School! As a Fractional CFO and Accountant today's topic is close to heart, I want to dive into the disconnect between small business owners and their financial advisors. As someone deeply entrenched in the world of accounting for nearly two decades, I've seen the frustration firsthand. In this episode I want to break down the roles of bookkeepers, accountants, and CFOs, and discuss how to find the right financial partner for your business. Let's get started!Topics Covered:Differentiating between the responsibilities of bookkeepers, accountants, and CFOs in managing business finances.The role of bookkeepers in data entry and basic financial tasks, and their limitations in providing strategic advice.The focus of accountants on tax compliance and financial statements, and their role in audits for larger companies.The importance of CFOs with a well-rounded business experience, capable of offering strategic advice beyond financial numbers.Challenges of investing in quality financial advice and strategies for negotiating contracts with financial advisors.Your financial advisor should be a trusted partner in your business journey! Take some time this week to evaluate your current financial advisory setup and identify any gaps or areas for improvement!Have questions? Reach out to me, I'd love to help you along this path!Staci's Links:Instagram. Website.The School for Small Business Podcast is a proud member of the Female Alliance Media. To learn more about Female Alliance Media and how they are elevating female voices or how they can support your show, visit femalealliancemedia.ca.Head over to my website https://www.stacimillard.com/ to grab your FREE copy of my Profit Playbook and receive 30 innovative ways you can add more profit to your business AND the first step towards implementing these ideas in your business!

If I blew out my knee, I certainly wouldn't trust myself to fix it. I'm not a doctor, I'm a financial advisor. I'd try my hardest to find the best doctor who could diagnose and fix my knee.  When you're younger, you can afford to make mistakes because you have more time to overcome them. When you're older, you can't afford to mess up anymore; you may have done a great job of growing your portfolio but, when you get to retirement, the strategy shifts.  So if you think you may benefit from the advice of a financial advisor after years of DIY, how can you find one? What should you look for in an advisor? What different types of advisors are there, and which one is appropriate for you?  Listen in to find out. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  LET'S CONNECT Show website: https://www.providencefinancialpodcast.com Find us at: https://www.providencefinancialinc.com Get to know Anthony: https://anthonysaccaro.com Anthony's book: https://morelifethanmoneybook.com Amazon Author Page: https://amazon/author/anthonysaccaro YouTube: https://www.youtube.com/c/AnthonySaccaro/featured Radio: https://www.providencefinancialradio.com Yelp: https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills Facebook: https://www.facebook.com/Providence.FinancialInc/ Twitter: https://twitter.com/AnthonySaccaro LinkedIN: https://www.linkedin.com/in/anthonysaccaro/

Learn more about building a retirement plan and take the first step of your retirement journey by booking a Retire Ready Call today: https://bit.ly/4adDED6 In this episode recap, Loren Merkle discusses how you can protect your retirement savings by choosing the right financial advisor who specializes in the financial services that are best suited for your stage in life and by creating a retirement plan that is based on realistic financial assumptions. These tips can help you develop a retirement plan that allows you to achieve the retirement lifestyle that you want for your retirement. Loren Merkle, CERTIFIED FINANCIAL PLANNER™, RETIREMENT INCOME CERTIFIED PROFESSIONAL®, CERTIFIED FINANCIAL FIDUCIARY® https://merkleretirementplanning.com/staff-members/loren-merkle/ Chapters 00:00 The Challenges of Retirement 01:18 How to Choose the Right Financial Advisor for You 03:05 Building a Retirement Plan Using Realistic Assumptions -- This video does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by Merkle Retirement Planning LLC, Elite Retirement Planning LLC, MRP Insurance LLC, or any other third party regardless of whether such security, product or service is referenced in this episode. Furthermore, nothing in this episode is intended to provide tax, legal, or investment advice and nothing in this episode should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. Merkle Retirement Planning, LLC does not represent that the securities, products, or services discussed in this episode are suitable for any particular investor. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation.

In this episode, Mike shares with you some key things to consider when hiring a financial advisor. He'll break this down into three areas. 1. Why would you need an advisor? 2. He'll explore some of the popular types of advisors and their credentials that give them the skill-sets and knowledge that could help you. 3. He'll also share some key questions to ask an advisor should you be on the market for one. Whether you are a do-it-yourselfer with your finances, or you are completely lost and looking for help, it's never a bad idea to get another opinion from a professional financial advisor about your finances to give you confirmation on what and how you are doing, or get you on track, and/or to help you reach your goals, to get some stress relief about your finances and ultimately to achieve financial peace.If you have ideas you'd like to share with Mike for a future episode, or any other recommendations, you can reach him at:  mike@fettermanfinancialsolutions.comFor a free coaching session with Mike, you can go to:  https://fettermanfinancialsolutions.com/schedule-an-appointment/Click here to access the episode on risk and return that he talked about today at his website E6-Risk and Return along with his other episodes at:  https://fettermanfinancialsolutions.com/blog/ If you would like to support Mike with his podcasting expenses and help him grow this podcast, you can buy him a virtual cup of coffee. How cool is that? Just click on the “Support the Show” link below. Thank you for considering to help him help others. Guiding you to win with money and live with financial peace. Have a great day!Support the show

Ivan Illan was the guest on this episode of Success Profiles Radio. Since 1996, Ivan has raised and/or managed over $1 Billion in assets in both senior portfolio manager and institutional sales roles with Fortune 100 companies and startups. He is also the author of two books, including “How to Hire (or Fire) Your Financial Advisor: Ten Simple Questions To Guide Decision-Making”. We discussed how money was always a conversation at the dinner table when he was a kid, how he started his financial management company Aligne Financial, what to look for in a financial advisor, and how to do due diligence on a financial advisor you might think of hiring. In addition, we talked about how to discern if your portfolio is performing badly because of the market or because your advisor isn't doing a good job. Finally, we talked about his philosophy of money management, how to know what assets to allocate money to right now, and what has surprised him most about his journey. You can listen and subscribe on Apple Podcasts/iTunes. You can also listen at Success Profiles Radio | Live Internet Talk Radio | Best Shows Podcasts (toginet.com)

In this conversation, Tripp Limehouse discusses various aspects of retirement planning. He emphasizes the importance of choosing the right financial advisor who is comfortable to work with and an expert in retirement planning. Tripp also highlights the significance of income planning and the need for a comprehensive retirement plan that includes strategies to minimize tax liabilities. He addresses the concept of risk tolerance and the importance of understanding one's own risk tolerance when making investment decisions. Additionally, Trip discusses the impact of inflation on retirement planning and the need to consider it in financial strategies. Finally, Trip emphasizes the importance of saving for retirement and avoiding common pitfalls. To connect with Tripp call 800-940-6979. Visit Limehouse Financial to learn more.See omnystudio.com/listener for privacy information.

Discover the secrets to debt management, wealth building, and hiring the right financial advisor. Join us to take charge of your financial future today!   Today, we have two special guests, Sandi and Cammie, who work to assist individuals, families, business owners, executives, entrepreneurs, and wealth inheritors in managing their financial lives and achieving their goals.   Sandi, Chief Client Officer at Aspiriant, leads the Planning, Strategy, & Research team, responsible for the firm's advanced wealth planning platform, and co-hosts the Money Tales podcast.    Cammie, a marketing professional at Aspiriant, joined the firm in 2005 as a sales and marketing manager. In 2016, she led a team of professionals in various initiatives. Passionate about empowering clients, Cammie is the Chief Marketing Officer, ensuring consistency across the brand and promoting the firm's forward-thinking approach to wealth management. 00:00 - Managing Wealth for a Greater Purpose 04:40 - Financial Mastery: Know Yourself, Learn, and Collaborate 11:06 - Aligning Financial Goals with Values 14:51 - Advisors Help to Organize, Uncover, and Achieve Financial Goals 22:24 - Seeking the Right Financial Advisor 32:30 - Normalizing Money Conversations 35:29 - Closing Segment Resources Mentioned: CERTIFIED FINANCIAL PLANNER Financial Planning AssociationMoney Tales Be the Boss of Your Own Money and Own Your Future. Connect with us and Discover Investment Strategies Designed to make a Difference. Website: https://moneywithmission.com Linkedin: https://www.linkedin.com/in/moneywithmission     Connect with Cammie and Sandi! LinkedIn: Cammie Doder, Sandi Bragar Website: https://aspiriant.com/   Quote:     "Money can stir emotions that affect our financial decisions. Having an objective third party, like a financial advisor, can make a world of difference in our financial lives." - Sandi Bragar   "Your values dictate your ability to achieve financial goals." - Sandi Bragar

Discover the secrets to debt management, wealth building, and hiring the right financial advisor. Join us to take charge of your financial future today!   Today, we have two special guests, Sandi and Cammie, who work to assist individuals, families, business owners, executives, entrepreneurs, and wealth inheritors in managing their financial lives and achieving their goals.   Sandi, Chief Client Officer at Aspiriant, leads the Planning, Strategy, & Research team, responsible for the firm's advanced wealth planning platform, and co-hosts the Money Tales podcast.    Cammie, a marketing professional at Aspiriant, joined the firm in 2005 as a sales and marketing manager. In 2016, she led a team of professionals in various initiatives. Passionate about empowering clients, Cammie is the Chief Marketing Officer, ensuring consistency across the brand and promoting the firm's forward-thinking approach to wealth management. 00:00 - Managing Wealth for a Greater Purpose 04:40 - Financial Mastery: Know Yourself, Learn, and Collaborate 11:06 - Aligning Financial Goals with Values 14:51 - Advisors Help to Organize, Uncover, and Achieve Financial Goals 22:24 - Seeking the Right Financial Advisor 32:30 - Normalizing Money Conversations 35:29 - Closing Segment Resources Mentioned: CERTIFIED FINANCIAL PLANNER Financial Planning AssociationMoney Tales Be the Boss of Your Own Money and Own Your Future. Connect with us and Discover Investment Strategies Designed to make a Difference. Website: https://moneywithmission.com Linkedin: https://www.linkedin.com/in/moneywithmission     Connect with Cammie and Sandi! LinkedIn: Cammie Doder, Sandi Bragar Website: https://aspiriant.com/   Quote:     "Money can stir emotions that affect our financial decisions. Having an objective third party, like a financial advisor, can make a world of difference in our financial lives." - Sandi Bragar   "Your values dictate your ability to achieve financial goals." - Sandi Bragar

In this podcast episode, financial advisor TJ van Gerven shares insights on how to effectively work with a financial advisor. He highlights the importance of understanding different types of advisors and their compensation structures. van Gerven suggests seeking advisors who prioritize advice and have a comprehensive approach to financial planning. He recommends reputable sources for finding advisors and emphasizes the benefits of working with advisors who specialize in specific niches. van Gerven also discusses various compensation methods and expresses a preference for a flat fee model. Lastly, he advises working with independent advisors.

After Mike straightens Kristen out on a “fun fact” that he thinks is a “false fact” about the summer heat ☀️, we discuss a concern many Americans ponder:  ❓How do we make sure we're not going to be taken advantage of when it comes to our money for retirement?  After Bernie Madoff became a household name in 2008, stories of investment advisors NOT being good stewards of their client's assets have heightened that concern. After discussing a recent ruling against a major bank, Mike shares actionable steps investors can take to help verify if they can feel comfortable working with a fiduciary financial advisor they choose... Because with so much retirement planning advertising, sometimes it's tough to know where to turn for help with 401(k) accounts, IRAs, and other assets.See omnystudio.com/listener for privacy information.

Not all financial advisors are created equally. Some have certified credentials, some charge their clients fees, and others may get paid on commission (if they offer investment products). In part two of this podcast episode, our own Tom Romano, Head of Strategic Relationships and Product Development, is joined by Symmetry's Michael Storer, Senior Regional Director, and a financial advisor from our sister firm, Apella Wealth, Peter Leppones, CFP®, to discuss the important credentials of, and differences between, financial advisors.  If you have any questions or would like more information, reach out to us at https://symmetrypartners.com/contact-us/ You can also find us on Facebook, YouTube, Twitter, and LinkedIn. As always, we remain invested in your goals. Symmetry Partners, LLC, is an investment advisory firm registered with the Securities and Exchange Commission. The firm only transacts business in states where it is properly registered, excluded or exempted from registration requirements. Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. No one should assume that future performance of any specific investment, investment strategy, product or non-investment related content made reference to directly or indirectly in this material will be profitable. As with any investment strategy, there is the possibility of profitability as well as loss. Due to various factors, including changing market conditions and/or applicable laws, the content may not be reflective of current opinions or positions.   Please note the material is provided for educational and background use only. Moreover, you should not assume that any discussion or information contained in this material serves as the receipt of, or as a substitute for, personalized investment advice. Transcript: 0 00:00:01.900 --> 00:00:07.500 Welcome back 1 00:00:07.500 --> 00:00:10.500  to part 2 of choosing the right financial advisor. This 2 00:00:10.500 --> 00:00:13.100  is Tom Romano with unfiltered finance and I'm back 3 00:00:13.100 --> 00:00:16.200  here with my guests. Mike store senior Regional director at 4 00:00:16.200 --> 00:00:20.000  symmetry partners and Peter laponis financial advisor 5 00:00:19.200 --> 00:00:22.200  and cfp at Apollo wealth. Thank you for joining us 6 00:00:22.200 --> 00:00:25.400  gentlemen, so go Peter certified financial 7 00:00:25.400 --> 00:00:28.400  planner see FP Mike. I'm 8 00:00:28.400 --> 00:00:31.800  asked this question to you because Peter is a cfp. What 9 00:00:31.800 --> 00:00:34.700  are the credential what other credentials that investors should 10 00:00:34.700 --> 00:00:37.200  be looking for as they're going through this process of choosing a 11 00:00:37.200 --> 00:00:40.500  financial advisor. I mean cfp certainly is one of them sure. There's 12 00:00:40.500 --> 00:00:43.200  you know, I mean I come across a wide variety 13 00:00:43.200 --> 00:00:47.500  of different advisors and that have different different designations 14 00:00:46.500 --> 00:00:49.300  and it and sometimes it 15 00:00:49.300 --> 00:00:52.400  depends on it depends on you know, what type 16 00:00:52.400 --> 00:00:56.400  of work they're doing for the client. It may not always be, you know 17 00:00:56.400 --> 00:00:59.400  cfp, but most of the advisors that I'm working with their 18 00:00:59.400 --> 00:01:01.500  certified financial planners, but there's 19 00:01:01.900 --> 00:01:05.000 there's SEMA, you know, which is a certified Investment 20 00:01:04.500 --> 00:01:07.800  Management associate, I 21 00:01:07.800 --> 00:01:10.500  believe and that I look 22 00:01:10.500 --> 00:01:13.500  at CFA and see Sima as kind of two different 23 00:01:13.500 --> 00:01:14.300  designations that 24 00:01:15.500 --> 00:01:18.200 Are are very strong. I mean these people are incredibly smart. 25 00:01:18.200 --> 00:01:21.700  They pass a lot of tests to get where they are. But I 26 00:01:21.700 --> 00:01:24.500  look at the see the SEMA and the 27 00:01:24.500 --> 00:01:27.300  the CFA which is a chartered financial 28 00:01:27.300 --> 00:01:31.100  analyst as more geared towards Investments to 29 00:01:30.100 --> 00:01:33.300  a certain extent. So they're if you've 30 00:01:33.300 --> 00:01:37.000  got an advisor that is more seamors or CFA oriented. 31 00:01:36.500 --> 00:01:40.300  I think you're probably you could and Peter 32 00:01:39.300 --> 00:01:42.900  you can correct me if I'm wrong lean more 33 00:01:42.900 --> 00:01:45.800  towards them probably approaching it from an investment perspective. 34 00:01:45.800 --> 00:01:49.100  Whereas I think a cfp is 35 00:01:48.100 --> 00:01:52.100  going to approach the relationship from everything 36 00:01:51.100 --> 00:01:54.400  that Peter just talked about in terms of how they 37 00:01:54.400 --> 00:01:57.200  want to how they want to work with you moving 38 00:01:57.200 --> 00:02:00.300  forward Investments are important no doubt, but I think from 39 00:02:00.300 --> 00:02:03.700  the standpoint of the approach if 40 00:02:03.700 --> 00:02:06.200  you're looking for a planner, you know a cfp is 41 00:02:06.200 --> 00:02:10.000  where you want to be if you want someone that's more focused on. Okay, I'll construct 42 00:02:09.300 --> 00:02:12.800  a portfolio for you, but I think Sima and 43 00:02:12.800 --> 00:02:15.300  CFA tend to lose tend to 44 00:02:15.400 --> 00:02:18.200 Themselves more towards investment only to a certain 45 00:02:18.200 --> 00:02:21.400  extent now that's not every single or CFA but I think from that 46 00:02:21.400 --> 00:02:24.400  perspective those types of designations. Those are the ones that I come across 47 00:02:24.400 --> 00:02:27.700  primarily obviously, there's other designations with 48 00:02:27.700 --> 00:02:30.400  the insurance realm that you know, you like a 49 00:02:30.400 --> 00:02:33.200  chfc that would be which I 50 00:02:33.200 --> 00:02:36.400  I don't even remember that. It's a chartered leave its chartered Financial 51 00:02:36.400 --> 00:02:39.700  consult consultant, right which is different than a chartered financial analyst 52 00:02:39.700 --> 00:02:42.400  which is kind of interesting but you know, they'd be focused more on 53 00:02:42.400 --> 00:02:45.500  and probably the insurance side of the investment process. 54 00:02:45.500 --> 00:02:48.200  So I come across a lot but I would say 55 00:02:48.200 --> 00:02:51.900  that I feel comfortable saying it that the 56 00:02:51.900 --> 00:02:55.400  cfp is the designation where you know, mostly you're 57 00:02:55.400 --> 00:02:58.600  going to be getting more of a planning approach. Whereas I 58 00:02:58.600 --> 00:03:02.200  think the other designations might lean towards something else within 59 00:03:01.200 --> 00:03:04.700  the whole scope of planning but more, 60 00:03:04.700 --> 00:03:07.100  you know designated or specific on that 61 00:03:07.100 --> 00:03:11.000  side sure. I think it's important, you know, individuals professionals 62 00:03:10.500 --> 00:03:14.000  regardless of the industry having credentials after 63 00:03:13.400 --> 00:03:15.400  their name shows that they're 64 00:03:15.400 --> 00:03:18.600 to the business. They're probably lifelong Learners, 65 00:03:18.600 --> 00:03:23.000  which is something you probably want to look for in a financial advisor. And 66 00:03:21.200 --> 00:03:25.300  I would agree with you a cfp 67 00:03:24.300 --> 00:03:27.600  is probably the starting point. However, the 68 00:03:27.600 --> 00:03:31.000  the SEMA the Cima in the CFA, 69 00:03:30.200 --> 00:03:33.900  which I would agree are more investment driven. 70 00:03:35.700 --> 00:03:38.100 Um working with a firm who has a cfp has the point 71 00:03:38.100 --> 00:03:41.300  of contact Peter, but that doesn't mean you don't have access to 72 00:03:41.300 --> 00:03:44.500  cfa's and seamas as well. Right, correct. And 73 00:03:44.500 --> 00:03:47.500  that's that's part of the teamwork approach here that you 74 00:03:47.500 --> 00:03:51.200  know behind the scenes. I know that there's cfas working on our portfolios. 75 00:03:50.200 --> 00:03:53.100  So so I think 76 00:03:53.100 --> 00:03:57.500  you could see someone with another non-cfp designation 77 00:03:57.500 --> 00:04:00.200  but is what's their firm like do they have a team behind 78 00:04:00.200 --> 00:04:04.100  them is maybe they have a a young hire 79 00:04:03.100 --> 00:04:06.700  a new hire coming out of college who's studying 80 00:04:06.700 --> 00:04:09.200  for his or her cfp and that's their parent plan 81 00:04:09.200 --> 00:04:12.600  who works on the financial plan. So I mean to I think 82 00:04:12.600 --> 00:04:15.300  you might be doing a disservice just because 83 00:04:15.300 --> 00:04:18.400  someone doesn't have cfp understand more about what's 84 00:04:18.400 --> 00:04:21.200  what's going on at the firm and not just 85 00:04:21.200 --> 00:04:25.100  the designation. But I do agree having a designation and you 86 00:04:24.100 --> 00:04:28.400  made you reminded me. My continuing 87 00:04:27.400 --> 00:04:30.500  ed is coming up and it's it's comprehensive. I've 88 00:04:30.500 --> 00:04:34.000  got I've got a lot to do several hours to to 89 00:04:33.000 --> 00:04:34.100  keep 90 00:04:34.600 --> 00:04:37.500 Cfp designation current I've 91 00:04:37.500 --> 00:04:40.800  got to do some continuing education requirements online. Yeah, me 92 00:04:40.800 --> 00:04:43.100  too. Thanks for the reminder. I would say I didn't 93 00:04:43.100 --> 00:04:46.300  mean to say that, you know, the cfp is definitely starting point. But Peter 94 00:04:46.300 --> 00:04:49.800  brings up a great point that you when you visit with these cfps. They 95 00:04:49.800 --> 00:04:50.800  do have those other. 96 00:04:51.600 --> 00:04:54.400 People in their organizations that cover those parts 97 00:04:54.400 --> 00:04:57.200  of the planning process for them from that standpoint 98 00:04:57.200 --> 00:05:00.200  So and I've met many cfps that have their SEMA or have their CFA as 99 00:05:00.200 --> 00:05:03.400  well. So depends on who I'm speaking with, but there's there's a 100 00:05:03.400 --> 00:05:06.400  wide variety of different designations and some have won 101 00:05:06.400 --> 00:05:10.000  some have many or some have, you know, more than one right? So something 102 00:05:09.200 --> 00:05:12.400  that you would recommend investors look for as they're gonna 103 00:05:12.400 --> 00:05:15.200  go through absolutely. Absolutely. Absolutely. Yeah Mike we 104 00:05:15.200 --> 00:05:18.100  for all the cfps out there yet. We're definitely the top 105 00:05:18.100 --> 00:05:21.200  designation. No doubt about no doubt about it. We can 106 00:05:21.200 --> 00:05:25.900  leave it at that. Very good very good. So I 107 00:05:25.900 --> 00:05:28.500  have a few more questions and this has been great gentlemen, but 108 00:05:29.700 --> 00:05:32.800 What are some of the resources online resources 109 00:05:32.800 --> 00:05:35.400  right, you know, I don't think people use phone books 110 00:05:35.400 --> 00:05:39.100  anymore to find Financial professionals. What are 111 00:05:38.100 --> 00:05:41.100  some of the things my gear you're working 112 00:05:41.100 --> 00:05:44.000  with thousands of advisors. Like how do you how do you 113 00:05:44.100 --> 00:05:47.200  go about and find an advisor that that you would want to work with 114 00:05:47.200 --> 00:05:50.600  a professional level but not only professional of 115 00:05:50.600 --> 00:05:53.900  us person maybe from even personal standpoint where can 116 00:05:53.900 --> 00:05:56.300  investors go? Well they can they can you 117 00:05:56.300 --> 00:05:59.800  know go online and you know, there's a couple of different organizations that 118 00:05:59.800 --> 00:06:02.700  are out there that you could look at like the Financial Planning Association is 119 00:06:02.700 --> 00:06:05.600  a great place to start that's that's a 120 00:06:05.600 --> 00:06:08.600  big one National Association of 121 00:06:08.600 --> 00:06:11.800  personal financial advisors is another great site 122 00:06:11.800 --> 00:06:14.600  as well the certified financial planner 123 00:06:14.600 --> 00:06:17.100  board. You can go that route as well. I mean, 124 00:06:17.100 --> 00:06:20.400  that's probably the best place to start you can find someone in your general area 125 00:06:20.400 --> 00:06:23.100  that could help you there. There's another firm out there 126 00:06:23.100 --> 00:06:26.600  XY Planning Network which is which 127 00:06:26.600 --> 00:06:29.300  is a pretty good tool for to search for fee only. 128 00:06:29.700 --> 00:06:32.200 Financial advisors you mentioned, you know 129 00:06:32.200 --> 00:06:35.200  word of mouth or referrals from from your friends 130 00:06:35.200 --> 00:06:38.200  or family that may be working with a financial advisor. So all of 131 00:06:38.200 --> 00:06:41.100  them are great great ways to to identify some of 132 00:06:41.100 --> 00:06:44.300  that you might want to work with at least get the opportunity to interview them to see 133 00:06:44.300 --> 00:06:47.700  if they would be a good fit for you. Yeah. I think there's a lot of great resources online, 134 00:06:47.700 --> 00:06:50.500  you know, one of the things that Peter and 135 00:06:50.500 --> 00:06:53.500  I talk about quite a bit is you know working with someone 136 00:06:53.500 --> 00:06:56.200  who understands you someone who's working with 137 00:06:56.200 --> 00:06:58.600  other investors like me. 138 00:06:59.300 --> 00:07:02.900 Right in a lot of times if someone has a very specific need or 139 00:07:02.900 --> 00:07:05.500  specific sort of outcome. They're 140 00:07:05.500 --> 00:07:08.800  looking for they can identify the right Financial professional 141 00:07:08.800 --> 00:07:11.200  by not only looking at those websites, but 142 00:07:12.200 --> 00:07:15.100 LinkedIn Facebook. Look, who are these? 143 00:07:15.100 --> 00:07:18.300  Look who at the who these advisors are look at 144 00:07:18.300 --> 00:07:21.500  the circles that they're in right? You know it a funny story my parents 145 00:07:21.500 --> 00:07:24.200  who are not great investors. They were 146 00:07:24.200 --> 00:07:27.400  both School teachers had a pension but when they were looking for 147 00:07:27.400 --> 00:07:30.400  financial advisor, they didn't look any 148 00:07:30.400 --> 00:07:33.700  further than you know, the Connecticut Teachers Retirement Financial 149 00:07:33.700 --> 00:07:36.400  advisory. It was a really long name like 150 00:07:36.400 --> 00:07:39.500  that. I know I'm butchering it and talking it right but they will 151 00:07:39.500 --> 00:07:42.600  work Connecticut Teachers that must be the guy that we work with without even 152 00:07:42.600 --> 00:07:45.800  thinking twice about it, but they knew they felt comfortable and 153 00:07:45.800 --> 00:07:48.500  they trusted that the this particular individuals working 154 00:07:48.500 --> 00:07:49.900  with other, Connecticut Teachers. 155 00:07:50.800 --> 00:07:53.400 Here to add to any of that Peter. I mean, I think that 156 00:07:53.400 --> 00:07:56.400  you know, I've had done. Oh my 157 00:07:56.400 --> 00:07:57.600  second cap. We have pulled that one back. 158 00:07:58.300 --> 00:07:59.300 I won't ask that question better. 159 00:08:00.300 --> 00:08:00.300 All right. 160 00:08:04.500 --> 00:08:05.500 so Peter 161 00:08:06.900 --> 00:08:09.200 You know, I've talked about this it it's a mutual 162 00:08:09.200 --> 00:08:12.400  interview between an advisor and an investor the investors making 163 00:08:12.400 --> 00:08:16.000  a choice, but the advisors making a choice as well. So talk 164 00:08:15.200 --> 00:08:17.800  a little bit about that process if you will. 165 00:08:18.400 --> 00:08:21.700 Yeah, I think that's that's a great question. And I definitely 166 00:08:21.700 --> 00:08:24.300  encourage people to come up with a 167 00:08:24.300 --> 00:08:28.000  list of questions and interview multiple 168 00:08:27.500 --> 00:08:30.200  advisors definitely. But yeah, when when 169 00:08:30.200 --> 00:08:33.500  I'm meeting with with a New Prospect, I'm interviewing 170 00:08:33.500 --> 00:08:36.700  them as well. And there's things I'm I'm looking 171 00:08:36.700 --> 00:08:39.900  for I want to make sure that number 172 00:08:39.900 --> 00:08:43.600  one there. They're gonna be happy working with us. I've 173 00:08:42.600 --> 00:08:45.500  told people who I refer to 174 00:08:45.500 --> 00:08:48.000  them as Gunslingers. They want to pick stocks. They want to 175 00:08:48.100 --> 00:08:51.500  be in and out of the market they want they want action and I've told 176 00:08:51.500 --> 00:08:54.800  people I go I don't think we're gonna be a good fit. I'm a 177 00:08:54.800 --> 00:08:57.000  nice person. You seem like a nice person you seem to get along but 178 00:08:57.800 --> 00:09:00.300 we're going to have different philosophies and and I want 179 00:09:00.300 --> 00:09:03.200  you to be happy and I don't want to waste your time and I 180 00:09:03.200 --> 00:09:06.200  don't want to have my time wasted and so I've had to tell people I just don't think 181 00:09:06.200 --> 00:09:09.800  that this is necessarily going to work. Um, also there's 182 00:09:09.800 --> 00:09:12.300  when I start to hear people talk and I say this 183 00:09:12.300 --> 00:09:12.800  to clients 184 00:09:13.500 --> 00:09:16.600 and Prospects I start to get a gut feeling about what's 185 00:09:16.600 --> 00:09:19.400  going on. And when I start to hear about things like 186 00:09:19.400 --> 00:09:22.300  well a lot of debt, you know, you've got 187 00:09:22.300 --> 00:09:25.600  and not good. You don't have good financial habits. 188 00:09:25.600 --> 00:09:28.300  You're spending all your money. You've got 189 00:09:28.300 --> 00:09:31.200  a lot of debt a lot of bad debt. It's one thing to have a mortgage your car 190 00:09:31.200 --> 00:09:34.100  payments. Those are those are necessary. We'll call those 191 00:09:34.100 --> 00:09:38.200  good debt necessary debt. We start talking about large student 192 00:09:37.200 --> 00:09:40.500  loans. We start talking about large credit 193 00:09:40.500 --> 00:09:41.300  card balances. 194 00:09:42.500 --> 00:09:45.900 I may not be able to work with you. I you may be better off going 195 00:09:45.900 --> 00:09:49.600  and having credit counseling done first because I 196 00:09:48.600 --> 00:09:52.000  can maybe give you some pointers but I've 197 00:09:51.100 --> 00:09:54.400  had to unfortunately tell people that we may 198 00:09:54.400 --> 00:09:57.600  not be a good fit. There wasn't a whole lot I could do because they 199 00:09:57.600 --> 00:10:00.700  just they just didn't have the assets. They needed to get really the 200 00:10:00.700 --> 00:10:03.400  basics of their budgeting or spending plan 201 00:10:03.400 --> 00:10:06.600  down and start to work on that debt. And that's not something we're 202 00:10:06.600 --> 00:10:07.000  necessarily. 203 00:10:08.500 --> 00:10:11.600 Working on it'd be more of sort of a credit agency 204 00:10:11.600 --> 00:10:14.600  helping them to kind of get that square away. Absolutely. You 205 00:10:14.600 --> 00:10:17.500  mentioned working with, you know, other sort of 206 00:10:17.500 --> 00:10:20.200  financial professionals that you you work with 207 00:10:20.200 --> 00:10:20.400  other. 208 00:10:21.500 --> 00:10:25.400 Financial professionals as well. I mean maybe not direct financial 209 00:10:25.400 --> 00:10:28.400  advisors, but tax advisors and things like that. Oh, definitely. 210 00:10:28.400 --> 00:10:31.400  I like to say that the analogy is I'm 211 00:10:31.400 --> 00:10:34.600  I'm sort of the quarterback or I'm your 212 00:10:34.600 --> 00:10:37.700  your primary care physician if we need to bring in a specialist, 213 00:10:37.700 --> 00:10:40.300  you know cardiologists so forth 214 00:10:40.300 --> 00:10:41.900  weekologists. 215 00:10:44.400 --> 00:10:46.100 So but I'm working with. 216 00:10:47.200 --> 00:10:50.300 I'll work with the client's attorney to talk about their state plan 217 00:10:50.300 --> 00:10:54.500  work with a client's accountant or CPA to 218 00:10:54.500 --> 00:10:57.500  talk about if we need to do some rebalancing in the portfolio before 219 00:10:57.500 --> 00:10:59.200  I do any of that. 220 00:11:00.200 --> 00:11:04.000 And start triggering capital gains. I want to make sure that the accountant is 221 00:11:03.400 --> 00:11:06.400  on board with it and we understand what the 222 00:11:06.400 --> 00:11:09.500  ramifications are of those actions or in 223 00:11:09.500 --> 00:11:12.800  actions because the last thing a client wants is a 224 00:11:12.800 --> 00:11:15.800  surprise attack time. There's something psychological about 225 00:11:15.800 --> 00:11:18.700  a big tax bill staring you in the face and it's 226 00:11:18.700 --> 00:11:21.100  one thing to not know about it and have to 227 00:11:21.100 --> 00:11:24.200  pay it. It's another thing. All right, you know what we knew about this, but we know why we 228 00:11:24.200 --> 00:11:27.300  did it. So I'm constantly working with 229 00:11:27.300 --> 00:11:30.900  with other Professionals in helping clients 230 00:11:30.900 --> 00:11:32.800  with taxes and in legal issues. 231 00:11:33.700 --> 00:11:36.300 That's fantastic. Yeah, so that's another thing that investors should 232 00:11:36.300 --> 00:11:39.100  be looking for. Is there a true team approach? Maybe not even under the 233 00:11:39.100 --> 00:11:42.700  same roof under the same corporate umbrella if you will but making 234 00:11:42.700 --> 00:11:46.100  sure that the advisors acting in that quarterback capacity 235 00:11:45.100 --> 00:11:48.700  and has the right Specialists for 236 00:11:48.700 --> 00:11:51.200  those needs that might be outside of the scope of 237 00:11:51.200 --> 00:11:54.700  what the advisors doing on a day-to-day and that could be another point 238 00:11:54.700 --> 00:11:57.300  of reference for a client. If you have an accountant who 239 00:11:57.300 --> 00:12:00.400  you've been working with for a long time and you happen to like him 240 00:12:00.400 --> 00:12:03.800  or her in the way that they work maybe they could be a place 241 00:12:03.800 --> 00:12:05.100  where you could go to get a referral. 242 00:12:05.900 --> 00:12:08.800 Because I'm in all likelihood that that CPA 243 00:12:08.800 --> 00:12:11.600  or that attorney is has some 244 00:12:11.600 --> 00:12:14.400  type of relationship with a financial advisor and could give 245 00:12:14.400 --> 00:12:17.100  you a couple of places to go. Yeah, I think that's a great 246 00:12:17.100 --> 00:12:20.200  great piece of advice there. All right. 247 00:12:20.200 --> 00:12:23.300  I want one more topic here because this comes up a 248 00:12:23.300 --> 00:12:26.800  lot and it's the notion of compensation for financial advisors. 249 00:12:26.800 --> 00:12:29.700  I've heard individuals say 250 00:12:29.700 --> 00:12:32.200  that I don't pay my financial advisor or anything. He does 251 00:12:32.200 --> 00:12:35.100  it for free sure right there is 252 00:12:35.100 --> 00:12:38.200  there's a problem this industry, I think with transparency at times and 253 00:12:38.200 --> 00:12:41.500  there's a number of different ways financial advisors are 254 00:12:41.500 --> 00:12:44.100  being compensated. I didn't like frankly I think advisors should 255 00:12:44.100 --> 00:12:47.300  be fairly compensated. They're doing really good work, right? 256 00:12:49.100 --> 00:12:52.300 Depending on the advisor. Of course, Mike tell us 257 00:12:52.300 --> 00:12:54.500  a little bit about the couple of different. 258 00:12:55.300 --> 00:12:59.000 Fee structures or compensation structures there are for financial advisors. 259 00:12:58.600 --> 00:13:01.800  And if there's one that you would recommend over 260 00:13:01.800 --> 00:13:04.300  another I'll rattle them off because it's a 261 00:13:04.300 --> 00:13:07.100  lot of different ones. There's feel only which we've talked a little 262 00:13:07.100 --> 00:13:09.400  bit about there's fee-based. There's Commission 263 00:13:10.100 --> 00:13:10.900 There's retainer. 264 00:13:11.800 --> 00:13:14.900 There's subscription. There's 265 00:13:14.900 --> 00:13:17.400  another one I've heard that I know is out there not as 266 00:13:17.400 --> 00:13:20.600  popular but it's there and there's flat fee. 267 00:13:20.600 --> 00:13:23.600  So there's a number of different ways that advisors are 268 00:13:23.600 --> 00:13:26.700  compensated and the one 269 00:13:26.700 --> 00:13:29.300  of course in my line of work and in terms 270 00:13:29.300 --> 00:13:32.400  of what I do on a daily basis working with us, I come across primarily 271 00:13:32.400 --> 00:13:35.100  not always I would say fee only 272 00:13:35.100 --> 00:13:38.100  in fee based or the two that that primarily I work with 273 00:13:38.100 --> 00:13:41.300  although there are there are others that are 274 00:13:41.300 --> 00:13:44.100  less. So like a retainer I've seen I've come across that 275 00:13:44.100 --> 00:13:47.400  but I say primarily it's fee only and fee-based that 276 00:13:47.400 --> 00:13:50.000  I typically work with advisors and you know, 277 00:13:50.300 --> 00:13:53.100  I'll let Peter elaborate but I'll just say generally that fee only would be 278 00:13:53.100 --> 00:13:56.100  just be be charging, you know, 279 00:13:56.100 --> 00:13:59.300  a fee for services. It could 280 00:13:59.300 --> 00:14:02.100  be it could be a flat fee or could be a fee based 281 00:14:02.100 --> 00:14:05.400  on assets under management that the investor might have with that advisor 282 00:14:05.400 --> 00:14:08.000  fee base is is kind of 283 00:14:08.300 --> 00:14:11.600  a combination of the only and commission if you will it has 284 00:14:12.100 --> 00:14:16.600 The concept of building on assets but also the advisor 285 00:14:15.600 --> 00:14:19.300  has the ability to offer commission-based 286 00:14:18.300 --> 00:14:22.300  products that would follow outside of the fiduciary scope. 287 00:14:21.300 --> 00:14:24.800  I believe Peter and so those are the two that primarily 288 00:14:24.800 --> 00:14:27.500  I see in my kind of interactions with 289 00:14:27.500 --> 00:14:30.400  advisors around the country. Yeah, I think most of our listeners are 290 00:14:30.400 --> 00:14:33.800  probably falling into the fee only fee-based camp 291 00:14:33.800 --> 00:14:36.500  or the commission side right there. There 292 00:14:36.500 --> 00:14:39.600  are a number of different fee models out there in compensation models 293 00:14:39.600 --> 00:14:42.800  and I think they all have their pros and cons but you 294 00:14:42.800 --> 00:14:45.100  just said something that I'm gonna ask Peter O'Brien on 295 00:14:45.100 --> 00:14:45.300  right? 296 00:14:46.100 --> 00:14:47.600 We talked about fiduciary. 297 00:14:48.500 --> 00:14:50.800 If you are paying a commission. 298 00:14:51.900 --> 00:14:55.200 Is your advisor acting as a fiduciary necessarily? Yeah, 299 00:14:54.200 --> 00:14:57.500  if you've your your fee only your 300 00:14:57.500 --> 00:15:00.200  being charged in a fee for your advice and 301 00:15:00.200 --> 00:15:04.700  and whatever the the Investments would be. Where's fee-based 302 00:15:03.700 --> 00:15:06.400  you could be receiving commissions. 303 00:15:07.400 --> 00:15:10.100 On investment products. It's sort of 304 00:15:10.100 --> 00:15:15.800  I guess I'll use the term hybrid approach. So it's 305 00:15:14.800 --> 00:15:17.800  a gray area. They I don't 306 00:15:17.800 --> 00:15:20.100  know if because we don't do that here, you know, 307 00:15:20.100 --> 00:15:23.600  we don't have commission based investment products. It's strictly 308 00:15:23.600 --> 00:15:26.300  putting people into no load low cost 309 00:15:26.300 --> 00:15:29.100  mutual funds and ETFs and we are being 310 00:15:29.100 --> 00:15:32.300  paid a fee based upon those assets under management. We don't 311 00:15:32.300 --> 00:15:35.500  have commissionable investment products to sell and if 312 00:15:35.500 --> 00:15:38.100  you're if an advisor is doing that. 313 00:15:39.300 --> 00:15:42.200 I don't think they can put themselves out there as 314 00:15:42.200 --> 00:15:43.700  as a fiduciary necessarily. 315 00:15:44.500 --> 00:15:47.800 Yeah, I think that the commission side I'm not 316 00:15:47.800 --> 00:15:50.500  knocking it. Just calling it 317 00:15:50.500 --> 00:15:53.100  what it is. It's it's rot with conflicts of interest and 318 00:15:53.100 --> 00:15:56.500  you just said something that I think would would mean 319 00:15:56.500 --> 00:15:57.500  a lot to our listeners, right? 320 00:15:58.500 --> 00:15:58.800 these 321 00:16:00.600 --> 00:16:03.600 percentage of assets fees paying fees you're paying 322 00:16:03.600 --> 00:16:06.200  for advice in that fee stays the 323 00:16:06.200 --> 00:16:09.900  same regardless of the investment product. It's a 324 00:16:09.900 --> 00:16:12.500  with your charging 1% regardless of 325 00:16:12.500 --> 00:16:15.400  the advice you give you earn five you earn that one percent rather. 326 00:16:16.100 --> 00:16:16.900 commissions 327 00:16:17.800 --> 00:16:20.700 Is in compensation for advice it's compensation 328 00:16:20.700 --> 00:16:23.300  for selling a product and that product 329 00:16:23.300 --> 00:16:26.100  has to be suitable not necessarily best interest. 330 00:16:27.700 --> 00:16:30.500 Okay, so that I think that's something that people 331 00:16:30.500 --> 00:16:34.000  don't understand outside of this industry. You 332 00:16:33.400 --> 00:16:36.300  know, there's two ways two major ways 333 00:16:36.300 --> 00:16:39.200  that advisers get compensated fees versus commissions and 334 00:16:39.200 --> 00:16:42.500  one other point that I'll make about fees and correct 335 00:16:42.500 --> 00:16:45.400  me if I'm wrong gentlemen if you're charging fees on assets. 336 00:16:46.300 --> 00:16:49.600 If the asset level goes up the advisor 337 00:16:49.600 --> 00:16:52.900  gets paid more the asset level goes down. I 338 00:16:52.900 --> 00:16:55.800  mean the percentage stays the same but the actual dollars change, so 339 00:16:55.800 --> 00:16:58.500  I think that it actually aligns the interests. 340 00:16:59.400 --> 00:17:02.500 Of the investor and the advisor using a fee model 341 00:17:02.500 --> 00:17:05.400  for Susan commission model where someone might 342 00:17:05.400 --> 00:17:08.600  be asking you to buy a product that you may not necessarily 343 00:17:08.600 --> 00:17:08.900  need. 344 00:17:10.500 --> 00:17:13.800 Correct. And that's that's the thing. We you 345 00:17:13.800 --> 00:17:14.800  start talking about different. 346 00:17:16.100 --> 00:17:19.700 Whether it's Insurance products investment products that have commissions on 347 00:17:19.700 --> 00:17:20.000  them. 348 00:17:20.700 --> 00:17:23.500 Now all of a sudden it could be suitable. But if product 349 00:17:23.500 --> 00:17:24.600  a May pay 350 00:17:25.300 --> 00:17:28.900 X percentage products B may pay X 351 00:17:28.900 --> 00:17:31.100  percentage plus something on top of 352 00:17:31.100 --> 00:17:31.300  it. 353 00:17:32.700 --> 00:17:35.400 A non-fiduciary advisor is probably 354 00:17:35.400 --> 00:17:38.400  going to go to product B because it's going to pay him 355 00:17:38.400 --> 00:17:41.000  or her more and it's a perceived conflict of 356 00:17:41.400 --> 00:17:44.300  interest. I'm not saying that every person out there who's earning a commission is 357 00:17:45.100 --> 00:17:48.500 Is not acting in good faith, but there 358 00:17:48.500 --> 00:17:51.600  is there's a potential for that conflict to be there. Sure. It's 359 00:17:51.600 --> 00:17:54.900  it's all things being equal right? It's they're gonna pick if it's 360 00:17:54.900 --> 00:17:57.500  if it doesn't necessarily hurt the 361 00:17:57.500 --> 00:18:00.500  client and all and the Investments are relatively the 362 00:18:00.500 --> 00:18:04.100  same they're going to gravitate probably towards the higher commission product. 363 00:18:03.100 --> 00:18:06.400  Not that it's a bad thing. But that's the conflict of 364 00:18:06.400 --> 00:18:09.000  interest that we talk about right isn't necessarily in the best 365 00:18:09.300 --> 00:18:12.600  interest of the client. Yeah, and I think investors don't need products as 366 00:18:12.600 --> 00:18:15.600  much as they need advice. Yeah agreed. I totally agree. 367 00:18:15.600 --> 00:18:18.700  We were talking the the other 368 00:18:18.700 --> 00:18:21.800  day just that the the meetings we were we were at and 369 00:18:21.800 --> 00:18:24.300  and the model the way it was is you 370 00:18:24.300 --> 00:18:27.700  had insurance companies or investment firms sort of 371 00:18:27.700 --> 00:18:30.900  sitting at the top designing product and starting 372 00:18:30.900 --> 00:18:33.400  to push that product down to advisors who would 373 00:18:33.400 --> 00:18:36.300  then push it to clients down at the bottom and really our 374 00:18:36.300 --> 00:18:37.800  model is where we flip the script. 375 00:18:38.600 --> 00:18:41.600 The client is at the top and the client comes to the advisor. 376 00:18:42.200 --> 00:18:45.400 And we then go out to the product manufacturers to 377 00:18:45.400 --> 00:18:48.400  find the the best product the best solution for 378 00:18:48.400 --> 00:18:51.000  for the client to make as part of 379 00:18:51.500 --> 00:18:54.300  their financial plan. So I think that's that's a big difference there. 380 00:18:54.300 --> 00:18:57.600  We have nothing proprietary and we are acting in the best interests 381 00:18:57.600 --> 00:19:00.500  of the client looking for a best of breed approach. And 382 00:19:00.500 --> 00:19:03.600  again, usually it comes down to well, what 383 00:19:03.600 --> 00:19:06.100  are the fees associated with that and that's another great piece of 384 00:19:06.100 --> 00:19:07.000  advice for clients. 385 00:19:08.400 --> 00:19:11.300 Understand who you're paying and what you're paying 386 00:19:11.300 --> 00:19:12.100  them and what for? 387 00:19:12.900 --> 00:19:16.000 Whether it's mutual funds inside your 401k or 388 00:19:15.400 --> 00:19:18.800  something inside if you have an IRA through your bank 389 00:19:18.800 --> 00:19:21.500  understand what it what it is and and 390 00:19:21.500 --> 00:19:24.500  how it works. You're the one paying it and and understand how 391 00:19:24.500 --> 00:19:27.400  all of that works and a lot of times people don't realize 392 00:19:27.400 --> 00:19:30.500  that because a lot of times things are are not 393 00:19:30.500 --> 00:19:33.300  apparent you got to do a got to do a little bit of digging to understand 394 00:19:33.300 --> 00:19:36.500  what those those fees are inside of certain products. 395 00:19:36.500 --> 00:19:39.300  Yeah. Absolutely. No, no what you're paying and I think 396 00:19:39.300 --> 00:19:42.200  that there are some compensation models for 397 00:19:42.200 --> 00:19:45.700  advisor out that they're a little bit opaque if 398 00:19:45.700 --> 00:19:48.600  you will but as an investor 399 00:19:48.600 --> 00:19:51.600  working with the financial professional transparency matters, 400 00:19:51.600 --> 00:19:54.200  and if someone's not being transparent, then there's 401 00:19:54.200 --> 00:19:57.000  probably not a lot of trust there in this business is built on trust. 402 00:19:58.100 --> 00:20:01.300 So yeah, I have to disclose everything to everybody up 403 00:20:01.300 --> 00:20:01.700  front because 404 00:20:03.300 --> 00:20:06.300 It's coming out. It's coming out of the account and they'll see it right on the statement as 405 00:20:06.300 --> 00:20:09.600  a line item to the penny. Yeah, exactly, except a 406 00:20:09.600 --> 00:20:09.700  penny. 407 00:20:10.200 --> 00:20:13.700 Absolutely. Well gentlemen, thank you so much for your time. So I 408 00:20:13.700 --> 00:20:16.400  just want to kind of recap because there was so much great information 409 00:20:16.400 --> 00:20:19.500  that the two of you shared if you're an investor 410 00:20:19.500 --> 00:20:22.300  out there if you're one of our listeners and you're looking to work with a financial 411 00:20:22.300 --> 00:20:25.500  professional or if you're looking for maybe a second opinion a couple 412 00:20:25.500 --> 00:20:28.100  of things that that Peter and Michael had talked to us 413 00:20:28.100 --> 00:20:31.400  about today. Make sure you ask the question. Are you acting 414 00:20:31.400 --> 00:20:34.600  in a fiduciary capacity? Probably the most important question to 415 00:20:34.600 --> 00:20:35.700  ask a financial professional. 416 00:20:36.300 --> 00:20:40.100 Number two. What is your financial planning process? Right 417 00:20:39.100 --> 00:20:42.200  the value proposition of a 418 00:20:42.200 --> 00:20:46.200  financial advisor should be based on that planning process. And 419 00:20:45.200 --> 00:20:48.500  since you are paying for advice, I think a great 420 00:20:48.500 --> 00:20:51.300  question is what is your investment philosophy? How do you see the 421 00:20:51.300 --> 00:20:54.400  world work? How are you going to advise me based on that investment 422 00:20:54.400 --> 00:20:55.200  philosophy 423 00:20:55.900 --> 00:20:58.300 When it comes to credentials, I think looking for any credential 424 00:20:58.300 --> 00:21:01.100  makes a lot of sense after a person's name. But if you're 425 00:21:01.100 --> 00:21:04.100  looking for a true financial planner, the cfp designation is the 426 00:21:04.100 --> 00:21:05.900  one that that our guests recommend. 427 00:21:06.600 --> 00:21:09.400 Look for people that work with people like 428 00:21:09.400 --> 00:21:12.600  you look for advisors that are working with people like yourself 429 00:21:12.600 --> 00:21:15.900  and there's a lot of resources out there. Mike mentioned 430 00:21:15.900 --> 00:21:18.600  Napa. There's the advisor's website. Of 431 00:21:18.600 --> 00:21:21.300  course Facebook LinkedIn are great ways to look at how 432 00:21:21.300 --> 00:21:24.200  these advisors are working with 433 00:21:24.200 --> 00:21:28.200  people that may or may not be like you and let me throw another resource 434 00:21:27.200 --> 00:21:31.200  out there. A lot of investors don't realize that you 435 00:21:30.200 --> 00:21:34.300  can Google broker check broker check 436 00:21:34.300 --> 00:21:38.000  is a government website where tracks the history 437 00:21:37.100 --> 00:21:41.000  of every single Financial professional whether they're SEC 438 00:21:40.600 --> 00:21:43.900  registered or member of finra and you'll 439 00:21:43.900 --> 00:21:46.400  see if there's any disclosures or anything like that 440 00:21:46.400 --> 00:21:49.400  so broker checks are great way to see if 441 00:21:49.400 --> 00:21:52.200  if there's any dings on the record of 442 00:21:52.200 --> 00:21:55.100  the person that you're speaking to and then in terms 443 00:21:55.100 --> 00:21:58.700  of compensation look for fees versus commissions not 444 00:21:58.700 --> 00:22:01.200  to say that commissions are necessarily bad, but they 445 00:22:01.200 --> 00:22:04.100  there could be some conflicts of 446 00:22:04.100 --> 00:22:06.500  interest in there and a fee-based advisor. 447 00:22:06.600 --> 00:22:09.200 Even a fee only advisor is going to sit in the same side of 448 00:22:09.200 --> 00:22:12.700  the table as you the investor. So Michael, thank 449 00:22:12.700 --> 00:22:15.200  you so much for your time. Thanks Tom Peter. So thank you 450 00:22:15.200 --> 00:22:19.100  for joining us here today. This has been a great conversation and so 451 00:22:18.100 --> 00:22:21.300  for our listeners out there. Thank you for joining us. 452 00:22:21.300 --> 00:22:24.200  We'll get you on the next one. And if you 453 00:22:24.200 --> 00:22:28.400  want to look at any of our previous unfiltered Finance podcasts, they're 454 00:22:27.400 --> 00:22:30.600  available wherever you might be getting your podcast today. 455 00:22:30.600 --> 00:22:34.200  So thank you till next time. Bye Cemetery Partners. 456 00:22:33.200 --> 00:22:36.600  LLC is an investment advisor 457 00:22:36.600 --> 00:22:39.300  firm registered with the Security and Exchange Commission 458 00:22:39.300 --> 00:22:42.500  The Firm only transacts business in states where 459 00:22:42.500 --> 00:22:45.600  it is properly registered or excluded or 460 00:22:45.600 --> 00:22:49.200  Exempted from registration requirements registration of 461 00:22:48.200 --> 00:22:51.400  an investment advisor does not imply 462 00:22:51.400 --> 00:22:54.500  any specific level of skill or training and does 463 00:22:54.500 --> 00:22:57.300  not constitute an endorsement of the firm by the 464 00:22:57.300 --> 00:23:00.300  commission. No one should assume that future performance of any 465 00:23:00.300 --> 00:23:04.400  specific investment investment strategy product or 466 00:23:03.400 --> 00:23:06.100  non-investment related content. 467 00:23:06.600 --> 00:23:10.000 Reference to directly or indirectly in this material will be 468 00:23:09.000 --> 00:23:10.500  profitable. 469 00:23:11.400 --> 00:23:14.300 As with any investment strategy there is the possibility 470 00:23:14.300 --> 00:23:17.500  of profitability as well as loss due 471 00:23:17.500 --> 00:23:20.200  to various factors including changing market 472 00:23:20.200 --> 00:23:22.600  conditions and/or applicable laws. 473 00:23:23.400 --> 00:23:27.000 Content may not be reflective of current opinions or 474 00:23:26.600 --> 00:23:29.600  positions. Please note the material 475 00:23:29.600 --> 00:23:32.300  is provided for educational and background use only 476 00:23:32.300 --> 00:23:36.000  moreover. You should not assume that any discussion or information 477 00:23:35.700 --> 00:23:38.600  contained in this material serves as 478 00:23:38.600 --> 00:23:42.400  the receipt of or as a substitute for personalized 479 00:23:41.400 --> 00:23:43.700  investment advice.  

As financial professionals, we're often asked one simple question: “do you know what I should buy right now?” In truth, we don't believe it's possible to successfully predict market behaviors most of the time. But, we do believe that a qualified financial advisor can help you devise a plan for long-term success. In this episode of Unfiltered Finance, our own Tom Romano, Head of Strategic Relationships and Product Development, is joined by Symmetry's Michael Storer, Senior Regional Director, and a financial advisor from our sister firm, Apella Wealth, Peter Leppones, CFP®, to answer a more important question: “what should you consider when choosing a financial advisor?” If you have any questions or would like more information, reach out to us at https://symmetrypartners.com/contact-us/ You can also find us on Facebook, YouTube, Twitter, and LinkedIn. As always, we remain invested in your goals. Symmetry Partners, LLC, is an investment advisory firm registered with the Securities and Exchange Commission. The firm only transacts business in states where it is properly registered, excluded or exempted from registration requirements. Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. No one should assume that future performance of any specific investment, investment strategy, product or non-investment related content made reference to directly or indirectly in this material will be profitable. As with any investment strategy, there is the possibility of profitability as well as loss. Due to various factors, including changing market conditions and/or applicable laws, the content may not be reflective of current opinions or positions.   Please note the material is provided for educational and background use only. Moreover, you should not assume that any discussion or information contained in this material serves as the receipt of, or as a substitute for, personalized investment advice.   Transcript: 00:00:01.900 --> 00:00:07.400 Hello and 1 00:00:07.400 --> 00:00:10.700  welcome to unfiltered Finance. I'm your host Tom romano. 2 00:00:10.700 --> 00:00:13.300  And thank you for joining us this episode today. We 3 00:00:13.300 --> 00:00:17.000  are talking about choosing the right financial advisor and 4 00:00:16.200 --> 00:00:19.400  I have the perfect guests for this topic 5 00:00:19.400 --> 00:00:22.300  joining us here today first and foremost Mike 6 00:00:22.300 --> 00:00:25.600  store who is a senior Regional director 7 00:00:25.600 --> 00:00:28.100  at symmetry Partners. I asked Mike to be 8 00:00:28.100 --> 00:00:31.700  on the podcast because he works with thousands of financial advisors across 9 00:00:31.700 --> 00:00:34.200  the country. He knows which ones 10 00:00:34.200 --> 00:00:37.200  are doing the appropriate job and due diligence and 11 00:00:37.200 --> 00:00:41.200  planning for their clients and the others who might be dare. I 12 00:00:41.200 --> 00:00:44.500  say fake it Mike faking it and of 13 00:00:44.500 --> 00:00:47.800  course a long time friend of mine Mr. Peter loponis 14 00:00:47.800 --> 00:00:50.900  who's a certified financial planner and financial advisor 15 00:00:50.900 --> 00:00:53.100  with Apollo wealth and happens to be 16 00:00:53.100 --> 00:00:56.200  my personal financial planner. So gentlemen, thank you both for joining 17 00:00:56.200 --> 00:00:59.600  us here today. You're welcome, Tom. Thanks Tom. Great to be here. I thought 18 00:00:59.600 --> 00:01:01.600  this was appropriate topic for us to discuss. 19 00:01:01.900 --> 00:01:04.500 you know coming out of the pandemic I travel a 20 00:01:04.500 --> 00:01:07.400  lot for business and I've been on many planes 21 00:01:07.400 --> 00:01:10.400  over the last few months and you know, whether it's an 22 00:01:10.400 --> 00:01:11.100  airport or 23 00:01:12.400 --> 00:01:16.200 Are sitting next to someone on a plane and just bring 24 00:01:15.200 --> 00:01:19.000  up some small talk and people understand 25 00:01:18.300 --> 00:01:21.300  that I'm working in the financial services a business. 26 00:01:21.300 --> 00:01:25.000  And the first question. I always get is got any 27 00:01:24.200 --> 00:01:27.300  tips. What should I be buying? What 28 00:01:27.300 --> 00:01:31.000  should I be selling? Right? It's a very common question and for 29 00:01:30.300 --> 00:01:33.100  years, my response has always been and I'm 30 00:01:33.100 --> 00:01:36.400  a firm believer of this is the best advice I can give anyone in 31 00:01:36.400 --> 00:01:39.300  that moment is to work with 32 00:01:39.300 --> 00:01:42.300  someone you trust financial planner financial 33 00:01:42.300 --> 00:01:46.300  advisor that's working in a fiduciary capacity. I 34 00:01:45.300 --> 00:01:48.300  have a number of reasons why I say that but 35 00:01:48.300 --> 00:01:51.700  Mike I'd love to hear it from your perspective. Why should 36 00:01:51.700 --> 00:01:54.300  investors people planning for 37 00:01:54.300 --> 00:01:57.300  retirement or for any other Financial need be working 38 00:01:57.300 --> 00:02:00.100  with a financial professional? That's a great question. 39 00:02:00.100 --> 00:02:03.100  I think you hit on it at the in your opening 40 00:02:03.100 --> 00:02:04.100  remarks Tom is that 41 00:02:04.900 --> 00:02:05.200 You know. 42 00:02:06.300 --> 00:02:09.300 Having traveled the country for many 43 00:02:09.300 --> 00:02:14.300  years working with a number of different types of advisors and meeting 44 00:02:13.300 --> 00:02:16.900  with clients at the same time, you know clients have 45 00:02:16.900 --> 00:02:19.200  different desperate needs in terms of when it 46 00:02:19.200 --> 00:02:22.100  comes to financial Financial advice so they can 47 00:02:22.100 --> 00:02:25.100  certainly learn about it on on a website if they 48 00:02:25.100 --> 00:02:28.500  want to but I found that especially the 49 00:02:28.500 --> 00:02:31.900  best advisors are working working with 50 00:02:31.900 --> 00:02:34.400  clients and from that 51 00:02:34.400 --> 00:02:36.300  perspective. I know who these advisors are. 52 00:02:37.300 --> 00:02:40.500 And I know they're doing a great job for their clients. And for me, 53 00:02:40.500 --> 00:02:43.400  the one thing that comes to mind besides everything 54 00:02:43.400 --> 00:02:46.100  else at a financial advisor does because I think about it in 55 00:02:46.100 --> 00:02:49.600  my own world is comfort and peace of mind, right? There's lots 56 00:02:49.600 --> 00:02:51.400  of different moving Parts when it comes to planning. 57 00:02:52.200 --> 00:02:55.500 And and what you're going to do with your money for the long term and even myself 58 00:02:55.500 --> 00:02:58.200  being in this business, I worry about am I making 59 00:02:58.200 --> 00:03:01.900  the right decisions? So I think a lot of it comes down 60 00:03:01.900 --> 00:03:05.400  to peace of mind and comfort. I think that that's high 61 00:03:04.400 --> 00:03:07.300  level. There's a lot of you can drill down from there 62 00:03:07.300 --> 00:03:10.900  but I think for most clients if you think about it, it's getting that 63 00:03:10.900 --> 00:03:13.400  pressure off of you and bringing a 64 00:03:13.400 --> 00:03:16.500  professional and to make sure that you're meeting your life goals, whatever those might 65 00:03:16.500 --> 00:03:19.400  be sure. No, absolutely. I think what I'm hearing you say, I 66 00:03:19.400 --> 00:03:23.100  hear things like planning and long-term and Peter 67 00:03:22.100 --> 00:03:25.700  I'll shift over to you. So 68 00:03:25.700 --> 00:03:28.400  what I'm hearing Mike say and I loved for you to plan 69 00:03:28.400 --> 00:03:31.400  on this when someone asks me got any tips, 70 00:03:31.400 --> 00:03:32.700  why is that the wrong question? 71 00:03:34.600 --> 00:03:35.200 well, I think 72 00:03:36.700 --> 00:03:39.500 the answer they're looking for everyone wants something 73 00:03:39.500 --> 00:03:42.600  that's exciting and and sexy that 74 00:03:42.600 --> 00:03:43.200  they can tell. 75 00:03:44.400 --> 00:03:47.500 Their friends. I think you've used the term water cooler alpha or 76 00:03:47.500 --> 00:03:50.900  Golf Course Alpha everyone thinks somehow because we're 77 00:03:50.900 --> 00:03:53.600  sitting here on the inside. We're insiders. We've 78 00:03:53.600 --> 00:03:56.600  got more information than than they do 79 00:03:56.600 --> 00:03:59.300  as as retail investors, but 80 00:03:59.300 --> 00:04:02.600  that's just not the case and and it's not about 81 00:04:02.600 --> 00:04:05.200  hitting that home run with the stock because 82 00:04:05.200 --> 00:04:08.500  if you're gonna be picking individual stocks, there's gonna 83 00:04:08.500 --> 00:04:11.300  be some home runs in there, but there's got to be some singles and 84 00:04:11.300 --> 00:04:14.500  doubles there's gonna be some losers too. It just 85 00:04:14.500 --> 00:04:18.000  it's gonna happen statistically, but when 86 00:04:17.100 --> 00:04:20.600  we talk about a plan and what 87 00:04:20.600 --> 00:04:23.700  it can do for you long term the sense of confidence 88 00:04:23.700 --> 00:04:26.300  that it's going to give you. That's what you really need. Hey, it's 89 00:04:26.300 --> 00:04:29.300  great to be able to say Jesus I bought in at this stock when when it 90 00:04:29.300 --> 00:04:32.500  was at 10 and it went to a hundred and in two years. It's a 91 00:04:32.500 --> 00:04:33.700  great story, but 92 00:04:35.200 --> 00:04:38.500 Is better to have a sense of confidence and comfort with your 93 00:04:38.500 --> 00:04:41.200  plan and with your financial outcomes, and that's why 94 00:04:41.200 --> 00:04:44.500  sitting down and taking the time to go through a plan with a 95 00:04:44.500 --> 00:04:47.100  cfp with someone who's a fiduciary is really in your 96 00:04:47.100 --> 00:04:50.400  best interest versus getting that that hot stock tip. 97 00:04:50.400 --> 00:04:53.100  Yeah, I would agree. The one thing that 98 00:04:53.100 --> 00:04:56.200  I always comes to mind when someone says got any tips the first 99 00:04:56.200 --> 00:04:59.700  thing I'm thinking well if I had some I wouldn't tell you I'd keep 100 00:04:59.700 --> 00:05:02.300  it all for myself, right? There's wildly more Capital 101 00:05:02.300 --> 00:05:06.600  to be to be earned when you keep those secrets to yourself right quick 102 00:05:05.600 --> 00:05:08.100  short story. Tom and 103 00:05:08.100 --> 00:05:11.400  Peter. My son is out in gainfully employed 104 00:05:11.400 --> 00:05:14.600  in the Working World now and he has a little bit of money and he 105 00:05:14.600 --> 00:05:17.700  asked me about a year ago a year and a half ago to Dad what 106 00:05:17.700 --> 00:05:20.700  stocks should I pick? And so I immediately opened 107 00:05:20.700 --> 00:05:24.300  up the Barron's journal and 108 00:05:24.300 --> 00:05:27.200  I just looked at the stocks to pick now I said, hey, you 109 00:05:27.200 --> 00:05:30.100  know, if you want to buy some technology, here's a bunch of Technology names. I said, 110 00:05:30.100 --> 00:05:33.400  you know, the market has been involved, but if you want to buy stocks, here's a 111 00:05:33.400 --> 00:05:34.800  couple of names that you can just 112 00:05:35.300 --> 00:05:39.500 Your portfolio. So of course he did that on my advice and 113 00:05:38.500 --> 00:05:41.300  then about a year later. He 114 00:05:41.300 --> 00:05:44.400  was blaming me because I'm the one that picked the stocks from in the 115 00:05:44.400 --> 00:05:45.000  stocks were Downs. 116 00:05:45.800 --> 00:05:48.600 I just thought that was kind of interesting because it I did 117 00:05:48.600 --> 00:05:51.400  exactly the opposite of what I should have said to him right in terms 118 00:05:51.400 --> 00:05:54.400  of how we should be approaching these but you know, this was play 119 00:05:54.400 --> 00:05:57.500  money for him. So I let him learn a little bit about what it 120 00:05:57.500 --> 00:06:00.300  really means to invest in those types of questions of the wrong questions, 121 00:06:00.300 --> 00:06:03.000  right as you just mentioned Peter and so I thought it was 122 00:06:03.200 --> 00:06:06.400  a really good it was a it was a learning moment for him to understand that 123 00:06:06.400 --> 00:06:09.700  you don't just pick stocks and they go up. Oh, absolutely and like 124 00:06:09.700 --> 00:06:13.000  I I actually I do that with with clients. I'll 125 00:06:12.200 --> 00:06:13.600  say to them. 126 00:06:14.600 --> 00:06:17.100 If you want to open up a small account and I 127 00:06:17.100 --> 00:06:20.000  use the term your Casino money. Hey, you got to go to 128 00:06:20.100 --> 00:06:23.300  the casino and sit there and maybe go out to dinner have a drink play the 129 00:06:23.300 --> 00:06:26.500  slot sit at a table if you lose a hundred or 200 130 00:06:26.500 --> 00:06:27.100  or $300. 131 00:06:28.500 --> 00:06:30.300 It was a night of entertainment you had a good time. 132 00:06:31.300 --> 00:06:34.600 I see take your Casino money and put it into an account and 133 00:06:34.600 --> 00:06:37.300  buy a couple of stocks and just it's it's 134 00:06:37.300 --> 00:06:40.400  good education for you. You might learn some valuable 135 00:06:40.400 --> 00:06:43.900  lessons, but you're gonna pay really close attention. Even 136 00:06:43.900 --> 00:06:46.200  if it's only five or 10 shares of a 137 00:06:46.200 --> 00:06:49.200  company and you'll you'll learn a lot for it. So I think there is certainly a 138 00:06:49.200 --> 00:06:52.900  value in that but with large sums of Money Retirement accounts 139 00:06:52.900 --> 00:06:55.400  brokerage accounts. Absolutely not none of 140 00:06:55.400 --> 00:06:58.700  this stock picking. It's got to be a low cost. Well Diversified portfolio. 141 00:06:58.700 --> 00:07:01.100  So I'm hearing you say it's okay to sit in a 142 00:07:01.100 --> 00:07:01.300  little bit. 143 00:07:02.300 --> 00:07:05.800 Any bit tiny bit? Absolutely. No, I didn't. You 144 00:07:05.800 --> 00:07:08.300  know, I like to play the market myself, but I'm only doing 145 00:07:08.300 --> 00:07:11.500  that with my my entertainment dollars not my 146 00:07:11.500 --> 00:07:14.500  long-term assets that that my family 147 00:07:14.500 --> 00:07:18.100  and I are going to need at some point in time. Right? So Peter 148 00:07:17.100 --> 00:07:20.400  you've been talking a lot about planning right and and 149 00:07:20.400 --> 00:07:23.200  I've been in this business for a long time as with you 150 00:07:23.200 --> 00:07:27.500  you and I've worked together for many many years. I've noticed 151 00:07:26.500 --> 00:07:29.800  the value proposition of financial advisor 152 00:07:29.800 --> 00:07:32.300  has changed right at one point. It was that 153 00:07:32.300 --> 00:07:36.200  stock picker many many years ago. So this 154 00:07:35.200 --> 00:07:38.400  day and age what what do 155 00:07:38.400 --> 00:07:41.500  you see as the value proposition to a financial advisor? 156 00:07:42.200 --> 00:07:46.000 In my opinion, it has to be the plan because that's 157 00:07:45.300 --> 00:07:48.500  where we've had success as a firm. I've 158 00:07:48.500 --> 00:07:51.300  had success as an advisor clients have had success 159 00:07:51.300 --> 00:07:54.700  following that advice and and really 160 00:07:54.700 --> 00:07:57.100  it's about the planning and that's the most 161 00:07:57.100 --> 00:08:00.600  valuable advice. I give to my clients. Hey, we're with 162 00:08:00.600 --> 00:08:04.200  a low cost. Well Diversified portfolio. We're going 163 00:08:03.200 --> 00:08:06.300  to get a market return the market for us 164 00:08:06.300 --> 00:08:09.300  taking risk. We will get a market return and my 165 00:08:09.300 --> 00:08:12.700  return will be no different than my clients because we invest in very similar 166 00:08:12.700 --> 00:08:16.300  similarly constructed portfolios, but 167 00:08:15.300 --> 00:08:16.700  really 168 00:08:17.900 --> 00:08:20.800 Whether we get an 8% return 9% 10% 169 00:08:20.800 --> 00:08:23.300  return long-term. It's really 170 00:08:23.300 --> 00:08:24.100  the plan. 171 00:08:25.200 --> 00:08:28.500 That is is going to drive all that and just because 172 00:08:28.500 --> 00:08:31.400  their portfolio is up a certain year that that's 173 00:08:31.400 --> 00:08:32.800  great and they like to see that. 174 00:08:33.900 --> 00:08:36.100 But again, the plan is going to say well geez, I 175 00:08:36.100 --> 00:08:39.700  know now I can retire at age 62. I'm 176 00:08:39.700 --> 00:08:43.600  going to take Social Security at 67 when 177 00:08:42.600 --> 00:08:44.700  I retire at 62. 178 00:08:45.500 --> 00:08:48.500 I'm going to be able to pay for my own health insurance until 179 00:08:48.500 --> 00:08:51.700  I hit MediCare at age 65. I mean, those are questions 180 00:08:51.700 --> 00:08:54.300  that aren't even related to a rate 181 00:08:54.300 --> 00:08:57.300  of return or a stock pick or any of that. They're planning 182 00:08:57.300 --> 00:09:00.300  questions, but they're extremely important to people the very 183 00:09:00.300 --> 00:09:03.300  comprehensive list of questions versus should you be in a 184 00:09:03.300 --> 00:09:06.100  60% stock 40% bomb for far beyond that 185 00:09:06.100 --> 00:09:09.400  correct? Correct, but it's it's about the the layers and 186 00:09:09.400 --> 00:09:13.200  the investment management risk reward asset 187 00:09:12.200 --> 00:09:16.000  allocation being allocated appropriately. 188 00:09:17.400 --> 00:09:20.100 According to your risk tolerance that's all part of it. But you 189 00:09:20.100 --> 00:09:23.200  do when I sit down with clients we talk about the 190 00:09:23.200 --> 00:09:26.200  performance we talk about what the markets have been doing and we really start 191 00:09:26.200 --> 00:09:29.700  to get into those those items Healthcare Medicare long 192 00:09:29.700 --> 00:09:33.900  term care gifting money to people grandchildren 193 00:09:32.900 --> 00:09:35.700  setting up a 529 194 00:09:35.700 --> 00:09:38.200  accounts. All those types of things. These 195 00:09:38.200 --> 00:09:41.200  are the goals and the things that are important to clients and they come 196 00:09:41.200 --> 00:09:45.000  through the planning process. Yeah, that's extremely valuable right life 197 00:09:44.100 --> 00:09:47.800  comes at you fast, and there's a number of instances in 198 00:09:47.800 --> 00:09:50.400  my personal life where I've leaned on you for things that 199 00:09:50.400 --> 00:09:53.100  are fun far beyond investable assets. 200 00:09:54.100 --> 00:09:57.200 So that's that's good. So what so far listeners out there. 201 00:09:57.200 --> 00:10:01.100  I mean you're looking for a financial professional that 202 00:10:00.100 --> 00:10:02.300  is planning focused. 203 00:10:03.400 --> 00:10:06.700 But also from a very comprehensive standpoint Beyond 204 00:10:06.700 --> 00:10:09.700  stocks bonds mutual funds Exchange Trade 205 00:10:09.700 --> 00:10:10.300  funds Etc. 206 00:10:11.300 --> 00:10:14.500 So let's one of the things that's a 207 00:10:14.500 --> 00:10:15.100  change gears a little bit. 208 00:10:16.500 --> 00:10:19.500 You know, there's over 300,000 financial advisors in 209 00:10:19.500 --> 00:10:22.400  the United States, right? The term 210 00:10:22.400 --> 00:10:25.700  fiduciary comes up quite a bit and I'm 211 00:10:25.700 --> 00:10:28.800  always surprised maybe I'm not as surprised 212 00:10:28.800 --> 00:10:31.600  as I once was that investors are don't 213 00:10:31.600 --> 00:10:34.900  necessarily understand that sometimes advisors are 214 00:10:34.900 --> 00:10:38.200  acting any fiduciary capacity and sometimes 215 00:10:37.200 --> 00:10:40.300  they are not before we 216 00:10:40.300 --> 00:10:41.500  jump into that. 217 00:10:42.400 --> 00:10:45.500 Explain to us Peter. What is a fiduciary? Well, it's 218 00:10:45.500 --> 00:10:48.700  it's the highest standard of care in in 219 00:10:48.700 --> 00:10:51.700  our industry. And I've sort of I've been on both 220 00:10:51.700 --> 00:10:54.300  sides of it. So I have to act in my 221 00:10:54.300 --> 00:10:57.200  clients best interest not only being affiliated with with a 222 00:10:57.200 --> 00:11:00.600  palette but also being a cfp and really 223 00:11:00.600 --> 00:11:03.300  what that comes down to at the end of the day 224 00:11:03.300 --> 00:11:05.300  is the type of 225 00:11:06.600 --> 00:11:09.200 Investment product. I'm going to refer to 226 00:11:09.200 --> 00:11:12.900  everything as a product that we put our clients into and 227 00:11:13.700 --> 00:11:18.800 I've got a really focus on the cost the level 228 00:11:17.800 --> 00:11:20.600  of care below a fiduciary. It's 229 00:11:20.600 --> 00:11:23.400  referred to as the suitability standard. Does that mean if I'm 230 00:11:23.400 --> 00:11:26.800  not a fiduciary? I'm doing something unethical absolutely not 231 00:11:26.800 --> 00:11:30.300  the last thing I want to do because I again I was there I've worked 232 00:11:30.300 --> 00:11:33.200  with clients where I was just doing by this suitability standard. I 233 00:11:33.200 --> 00:11:36.200  was not a fiduciary at the end of the 234 00:11:36.200 --> 00:11:40.200  day. I'm putting my clients into something that is putting more money back 235 00:11:39.200 --> 00:11:43.100  into their pocket meaning the fees 236 00:11:42.100 --> 00:11:46.200  and the costs associated with those products are 237 00:11:45.200 --> 00:11:49.200  much lower. We have 238 00:11:49.200 --> 00:11:52.500  no Front End Sales charges. We have no backend sales charges. 239 00:11:52.500 --> 00:11:55.100  So I said to clients that are that are coming on board. 240 00:11:56.100 --> 00:11:59.400 I will bend over backwards to make sure that you are happy but at some 241 00:11:59.400 --> 00:12:03.300  point if you don't realize the value 242 00:12:02.300 --> 00:12:05.500  of our services or you chose to go elsewhere, you 243 00:12:05.500 --> 00:12:08.800  can do that. You're going to be able to take what you have here and 244 00:12:08.800 --> 00:12:11.400  move that elsewhere. You're not going to be tied up for three or 245 00:12:11.400 --> 00:12:14.300  five or ten years. No surrender charges or big 246 00:12:14.300 --> 00:12:17.000  fees to go acting in their best interest and that helps 247 00:12:17.200 --> 00:12:20.100  to protect them. And I think it's extremely important that people 248 00:12:20.100 --> 00:12:20.700  need to ask 249 00:12:22.800 --> 00:12:25.700 Are you a fiduciary is your firm of fiduciary? And how 250 00:12:25.700 --> 00:12:27.600  do you work? So when? 251 00:12:28.900 --> 00:12:32.200 Investors are looking for a financial 252 00:12:31.200 --> 00:12:34.400  professional to work with right what I'm 253 00:12:34.400 --> 00:12:37.800  hearing someone the first things I should look for and they should ask about it potentially 254 00:12:37.800 --> 00:12:40.600  even get it in writing. Are you acting any fiduciary 255 00:12:40.600 --> 00:12:45.100  capacity? Are you acting in my best interest? Correct? They 256 00:12:44.100 --> 00:12:48.800  absolutely should and and interview multiple 257 00:12:47.800 --> 00:12:52.600  people Tom has 258 00:12:51.600 --> 00:12:54.200  been not only a great client. But I've worked 259 00:12:54.200 --> 00:12:57.500  with many of Tom's family members. Why because they come to Tom. Jeez 260 00:12:57.500 --> 00:13:00.700  Tom. I've got some questions. Who should I work with? Well talk 261 00:13:00.700 --> 00:13:03.400  to Peter. So if you have a friend or family member who you 262 00:13:03.400 --> 00:13:06.500  know works with an advisor ask for that that person's name. 263 00:13:06.500 --> 00:13:09.400  And if they will if you have a friend or family member they'll 264 00:13:09.400 --> 00:13:12.300  refer them over if they enjoy working with them. So I think that's a 265 00:13:12.300 --> 00:13:15.800  good place to start but interview them there's many checklists 266 00:13:15.800 --> 00:13:18.800  online and I think one of the things you want to ask about are 267 00:13:18.800 --> 00:13:21.800  you a fiduciary understand what that means and it's 268 00:13:21.800 --> 00:13:24.900  it's something important because there's 269 00:13:24.900 --> 00:13:27.300  plenty of us out. There aren't as many as probably there should 270 00:13:27.300 --> 00:13:28.900  be but there's plenty fiduc. 271 00:13:28.900 --> 00:13:30.000 He's out there for you to work with. 272 00:13:30.800 --> 00:13:33.000 Absolutely. You made a really good point. I was doing a little research. 273 00:13:34.300 --> 00:13:35.600 Knowing that we were going to have this. 274 00:13:36.500 --> 00:13:39.400 Talk today the three of us and you know, 275 00:13:39.400 --> 00:13:42.700  the number one way investors find their financial advisors through 276 00:13:42.700 --> 00:13:45.500  through referrals. Right number two is through 277 00:13:45.500 --> 00:13:49.500  you know online searches and things like that. So 278 00:13:48.500 --> 00:13:51.200  I think that's that's really important 279 00:13:51.200 --> 00:13:54.200  when you're looking for financial audience advisor talk to your family 280 00:13:54.200 --> 00:13:57.800  your friends people who have or may have similar Financial 281 00:13:57.800 --> 00:14:00.200  situations as you do but I 282 00:14:00.200 --> 00:14:03.600  think you know, the important thing. Is that the very good question. Are 283 00:14:03.600 --> 00:14:06.900  you acting and a fiduciary capacity at all times, right? 284 00:14:11.300 --> 00:14:14.100 We talked about the planning process one of the things I want to 285 00:14:14.100 --> 00:14:17.700  touch upon and Mike will turn to you is that sometimes giving 286 00:14:17.700 --> 00:14:20.700  good advice means saying no not giving 287 00:14:20.700 --> 00:14:23.900  the client what they're looking for. Right and 288 00:14:23.900 --> 00:14:27.400  I've seen advisors who act 289 00:14:26.400 --> 00:14:29.700  as more of a facilitator 290 00:14:29.700 --> 00:14:32.400  very high service level but whatever the client 291 00:14:32.400 --> 00:14:35.400  wants they they get what are some of the Perils of 292 00:14:35.400 --> 00:14:35.500  that? 293 00:14:36.700 --> 00:14:40.200 The Perils are that you become all 294 00:14:39.200 --> 00:14:42.100  things to all people and as I think 295 00:14:42.100 --> 00:14:46.400  Thomas you have famously said if everything's 296 00:14:45.400 --> 00:14:48.600  important nothing's important and 297 00:14:48.600 --> 00:14:51.300  I think from the perspective of advice that we work with 298 00:14:51.300 --> 00:14:54.100  it's it's you know 299 00:14:54.100 --> 00:14:57.800  when you when you think about that kind of cafeteria style 300 00:14:57.800 --> 00:14:59.000  service. 301 00:14:59.900 --> 00:15:01.400 It becomes very difficult to. 302 00:15:02.900 --> 00:15:05.500 Address clients needs concerns or 303 00:15:05.500 --> 00:15:08.000  fears because you know 304 00:15:08.700 --> 00:15:11.400  in terms of of investment investment advice, 305 00:15:11.400 --> 00:15:14.400  if you're if you've got clients that are in individual stocks 306 00:15:14.400 --> 00:15:17.800  and you have clients in Diversified portfolios, or they're in a more passive 307 00:15:17.800 --> 00:15:21.200  investment or they're in a tactical investment. You're constantly 308 00:15:20.200 --> 00:15:23.400  pivoting to try to answer questions to 309 00:15:23.400 --> 00:15:26.300  all these different constituencies within your practice what we 310 00:15:26.300 --> 00:15:29.700  find in our in our work is that you know advisors that 311 00:15:29.700 --> 00:15:32.400  have a philosophy advisors have a way that 312 00:15:32.400 --> 00:15:36.000  they approach the capital markets and how they construct portfolios I 313 00:15:35.500 --> 00:15:39.000  tend to do the best because their clients are like-minded and 314 00:15:38.400 --> 00:15:41.300  it keeps them in their seats even when markets are 315 00:15:41.300 --> 00:15:42.900  difficult. So having a 316 00:15:43.800 --> 00:15:46.200 Kind of a carte blanche or 317 00:15:46.200 --> 00:15:49.900  I like to say cafeteria style investment or at 318 00:15:49.900 --> 00:15:52.300  least offering makes it more difficult for you to keep your 319 00:15:52.300 --> 00:15:56.200  clients in line. I think over time and I think what I 320 00:15:56.200 --> 00:15:59.600  like like best about being at symmetries, we do have that investment philosophy. That's 321 00:15:59.600 --> 00:16:02.700  straightforward. It doesn't deviate and most 322 00:16:02.700 --> 00:16:05.000  of the advice that work with us tend to have 323 00:16:05.100 --> 00:16:08.300  that same philosophy. The interesting thing about that too is you notice 324 00:16:08.300 --> 00:16:11.300  when markets are fairly volatile which where this is really important 325 00:16:11.300 --> 00:16:14.700  is that you know investors that 326 00:16:14.700 --> 00:16:18.000  kind of adhere to similar investment 327 00:16:17.400 --> 00:16:20.700  strategy like symmetries is that they tend 328 00:16:20.700 --> 00:16:23.800  to have less gap between What markets are doing and what 329 00:16:23.800 --> 00:16:26.300  their Investments are doing because they tend to stay in their seats. They're not 330 00:16:26.300 --> 00:16:29.800  moving around behaviorally moving in and out of the market or moving in and 331 00:16:29.800 --> 00:16:31.600  out of Investments. And I think that's sometimes can be the 332 00:16:32.400 --> 00:16:35.700 the offshoot of having a strategy where 333 00:16:35.700 --> 00:16:37.200  you're just trying to be everything to everybody. 334 00:16:38.800 --> 00:16:41.200 I'm going to unpack use it a lot of really yeah, I get 335 00:16:41.200 --> 00:16:44.100  there. Sorry, but no. No, I just want to make sure our listeners get it to get 336 00:16:44.100 --> 00:16:47.700  some really really good insight there Mike. So first 337 00:16:47.700 --> 00:16:50.800  and foremost you talk about an investment philosophy 338 00:16:50.800 --> 00:16:53.700  and what I'm hearing you say is that we're talking 339 00:16:53.700 --> 00:16:56.100  about advice, right and if someone wants to 340 00:16:56.100 --> 00:16:58.200  give advice you have to have a stake in the ground. 341 00:16:59.400 --> 00:17:02.300 You have to have that place where your your view on 342 00:17:02.300 --> 00:17:04.200  how Capital markets work? 343 00:17:04.900 --> 00:17:07.400 And if you don't have that view you might fall into that 344 00:17:07.400 --> 00:17:08.700  facilitator capacity. 345 00:17:10.300 --> 00:17:13.300 The other thing that she said I'm glad you 346 00:17:13.300 --> 00:17:16.300  said it as you talked a lot about behavior and what I'm hearing you 347 00:17:16.300 --> 00:17:19.500  say is the study we've used many times the dial 348 00:17:19.500 --> 00:17:22.500  bar study for our listeners. Could you talk a little bit about what that dial bar 349 00:17:22.500 --> 00:17:26.000  research shows us sure is that it shows that the the investor 350 00:17:25.200 --> 00:17:26.600  over, you know? 351 00:17:27.600 --> 00:17:30.100 Many time periods. I mean they updated every year but it goes 352 00:17:30.100 --> 00:17:33.600  back a number of years and it looks at what investors 353 00:17:33.600 --> 00:17:36.200  do in terms of investing in 354 00:17:36.200 --> 00:17:39.600  the let's say the S&P 500 as an index versus what the 355 00:17:39.600 --> 00:17:43.300  index does and we find year in and year out that investors 356 00:17:42.300 --> 00:17:45.200  tend to underperform the 357 00:17:45.200 --> 00:17:48.500  index and the question always is Peter and you know this why 358 00:17:48.500 --> 00:17:51.500  and it's because they're holding period is 359 00:17:51.500 --> 00:17:54.600  tends to be I think it's less it used to be in the old days three 360 00:17:54.600 --> 00:17:57.300  three plus years now. It's three minus here. It's less 361 00:17:57.300 --> 00:18:00.200  than three years of holding period of time, which means they're 362 00:18:00.900 --> 00:18:03.500 Behaviorally trying to in some 363 00:18:03.500 --> 00:18:06.400  ways time the market and so what we 364 00:18:06.400 --> 00:18:09.000  try to do at least in as I talk 365 00:18:09.100 --> 00:18:12.300  to advisors is to try to educate them and educate clients as 366 00:18:12.300 --> 00:18:15.300  well that you know, we want to close that Gap we 367 00:18:15.300 --> 00:18:18.200  call that the the performance Gap right? 368 00:18:18.200 --> 00:18:22.000  There's a gap between what investments do and what the investor 369 00:18:21.300 --> 00:18:24.300  does right? We know this plenty of Dad out 370 00:18:24.300 --> 00:18:27.100  there to show that so how do we do that? Peter had talked about a little 371 00:18:27.100 --> 00:18:30.300  bit earlier is we look at things like, okay, what's important? How do 372 00:18:30.300 --> 00:18:33.600  we close that Gap? It comes from financial planning. It comes 373 00:18:33.600 --> 00:18:37.000  from portfolio selection, not necessarily portfolio 374 00:18:36.300 --> 00:18:39.400  management, but portfolio selection in terms 375 00:18:39.400 --> 00:18:42.600  of picking the right model of the right strategy for for clients 376 00:18:42.600 --> 00:18:45.000  education and communication with clients. I 377 00:18:45.100 --> 00:18:48.900  think those are great ways that we see that behavioral Gap 378 00:18:48.900 --> 00:18:51.700  closing through time and that and 379 00:18:51.700 --> 00:18:54.900  ends up being a an experience 380 00:18:54.900 --> 00:18:57.000  that clients will be with their advisors for a long time 381 00:18:57.300 --> 00:19:00.400  because you focus on the things that matter not the investment 382 00:19:00.400 --> 00:19:00.700  itself. 383 00:19:01.800 --> 00:19:02.700 a great computer 384 00:19:03.500 --> 00:19:06.800 You're the the man in the seat here. So talk 385 00:19:06.800 --> 00:19:09.200  to us a little about that. Right? I mean that dial bar study is 386 00:19:09.200 --> 00:19:11.600  pretty telling every year investors are underperforming. 387 00:19:12.300 --> 00:19:15.900 You focus on planning. How does planning help with the 388 00:19:15.900 --> 00:19:18.200  long-term thinking that is required for 389 00:19:18.200 --> 00:19:20.500  successful experience. It comes into 390 00:19:21.800 --> 00:19:24.500 Not only the planning but educating clients and 391 00:19:24.500 --> 00:19:27.600  communication and the example I'll use and we were 392 00:19:27.600 --> 00:19:27.800  all. 393 00:19:28.500 --> 00:19:32.200 working from back home during the the pandemic and 394 00:19:33.900 --> 00:19:36.200 the markets dropped about a 395 00:19:36.200 --> 00:19:36.800  third 396 00:19:37.800 --> 00:19:40.700 so about 33% in about a month's time thinking 397 00:19:40.700 --> 00:19:43.600  the numbers are 33% over 34 days 1/3. 398 00:19:44.300 --> 00:19:47.300 And we're sitting here stuck at home. We think the world is going 399 00:19:47.300 --> 00:19:50.400  to end and my message to my clients because 400 00:19:50.400 --> 00:19:54.000  it's the message of our firm message that I truly believe. 401 00:19:55.300 --> 00:19:55.700 And it wasn't easy. 402 00:19:56.400 --> 00:19:59.600 No, we're not doing anything this too shall 403 00:19:59.600 --> 00:19:59.700  pass. 404 00:20:00.600 --> 00:20:03.600 You know, this is the.com bubble. This 405 00:20:03.600 --> 00:20:06.600  is 911. This is the 406 00:20:06.600 --> 00:20:09.900  great financial crisis of 2008. 407 00:20:10.600 --> 00:20:13.400 It doesn't necessarily matter what the event 408 00:20:13.400 --> 00:20:16.500  is because everyone know Peter is a pandemic. It's different like you're 409 00:20:16.500 --> 00:20:20.100  right, but you're not it's the uncertainty and what 410 00:20:19.100 --> 00:20:22.700  lo and behold what happens after the 411 00:20:22.700 --> 00:20:23.900  market drops a third. 412 00:20:24.800 --> 00:20:27.800 In March February and to March it 413 00:20:27.800 --> 00:20:30.700  shoots back up. It comes roaring back why we 414 00:20:30.700 --> 00:20:34.100  had no vaccine. We still were unemployment had 415 00:20:33.100 --> 00:20:36.200  still not hit its peak because of 416 00:20:36.200 --> 00:20:39.900  all the you know, retail and entertainment losses 417 00:20:39.900 --> 00:20:42.200  that that took place in in this country and around the 418 00:20:42.200 --> 00:20:45.000  world. We still have this crazy election in front 419 00:20:45.100 --> 00:20:48.800  of us. There was still uncertainty but why why did it happen and I 420 00:20:48.800 --> 00:20:51.500  don't think there's necessarily an answer but the lesson learned 421 00:20:51.500 --> 00:20:54.800  is we stay in our seats regardless of what's going on because 422 00:20:54.800 --> 00:20:57.500  the markets have they've always come back and I 423 00:20:57.500 --> 00:20:59.500  believe any time we hit something. 424 00:21:00.700 --> 00:21:03.300 They'll come back again. We just don't know when so that 425 00:21:03.300 --> 00:21:06.100  experience because I I think 426 00:21:06.100 --> 00:21:09.200  you use the term staking in the stand or stake in the ground. That was my 427 00:21:09.200 --> 00:21:12.200  stake in the ground. And now as we went through all of this in 428 00:21:12.200 --> 00:21:15.500  2022 with all of the uncertainty and inflation and 429 00:21:15.500 --> 00:21:18.700  gas prices and all of that impacting 430 00:21:18.700 --> 00:21:20.700  the markets interest rates being increased. 431 00:21:22.200 --> 00:21:25.200 People said yeah, I remember what you said back during the 432 00:21:25.200 --> 00:21:28.200  pandemic. So yeah, okay that that makes sense. It's the 433 00:21:28.200 --> 00:21:30.300  messaging my messages consistent. 434 00:21:31.200 --> 00:21:34.000 And when people hear that, there's a sense of confidence like, you know what he was 435 00:21:34.200 --> 00:21:36.400  right last time. He'll probably be right this time, too. 436 00:21:37.400 --> 00:21:40.200 Fantastic, and I remember that Panda right that 437 00:21:40.200 --> 00:21:43.500  first quarter of 2020 was one of the top 10 worst 438 00:21:43.500 --> 00:21:48.100  quarters in the United States history going back to 1926. The 439 00:21:47.100 --> 00:21:50.200  second quarter of 2020 was one of the top 10 440 00:21:50.200 --> 00:21:53.400  best quarters the United States ever experienced going 441 00:21:53.400 --> 00:21:56.200  back. And and the funny thing is if we had 442 00:21:56.200 --> 00:21:59.200  been if we had moved our money out of we did 443 00:21:59.200 --> 00:22:02.500  not stay calm and we moved money out 444 00:22:02.500 --> 00:22:05.300  of the market in March. What would 445 00:22:05.300 --> 00:22:08.700  we have missed? When do we get back in? It's it's 446 00:22:08.700 --> 00:22:11.200  difficult. It's difficult to sit there 447 00:22:11.200 --> 00:22:14.100  when the market is dropping and say my gosh we have to do 448 00:22:14.100 --> 00:22:17.600  something but you're also playing the same game when you get out. It's like 449 00:22:17.600 --> 00:22:20.200  well if you get out, okay well, but then the market will eventually 450 00:22:20.200 --> 00:22:21.700  come back. Well, when do you get back in? 451 00:22:22.600 --> 00:22:25.300 And and and we just see long-term what the 452 00:22:25.300 --> 00:22:26.600  results are you're better off. 453 00:22:27.400 --> 00:22:30.500 Staying going dealing with the rollercoaster ride 454 00:22:30.500 --> 00:22:33.500  staying in your seat versus making rash decisions based 455 00:22:33.500 --> 00:22:36.100  upon fear and emotion Peter Michael. Thank you so much 456 00:22:36.100 --> 00:22:39.400  for joining us here today that concludes part one of our discussion 457 00:22:39.400 --> 00:22:42.200  on choosing the right financial advisor. I look 458 00:22:42.200 --> 00:22:45.200  forward to continuing the conversation at part two, and if you want to 459 00:22:45.200 --> 00:22:48.800  look at any of our previous unfiltered Finance podcasts, they're 460 00:22:48.800 --> 00:22:51.700  available wherever you might be getting your podcast today. So, 461 00:22:51.700 --> 00:22:53.400  thank you till next time bye-bye. 462 00:22:53.900 --> 00:22:56.500 Symmetry Partners LLC is an 463 00:22:56.500 --> 00:22:59.500  investment advisor firm registered with the Securities and 464 00:22:59.500 --> 00:23:02.200  Exchange Commission The Firm only transacts business 465 00:23:02.200 --> 00:23:06.200  in states where it is properly registered or excluded 466 00:23:05.200 --> 00:23:10.000  or Exempted from registration requirements registration 467 00:23:08.100 --> 00:23:11.700  of an investment advisor does 468 00:23:11.700 --> 00:23:14.900  not imply any specific level of skill or training and 469 00:23:14.900 --> 00:23:17.400  does not constitute an endorsement of the firm 470 00:23:17.400 --> 00:23:20.500  by the commission. No one should assume that future performance 471 00:23:20.500 --> 00:23:23.600  of any specific investment investment strategy 472 00:23:23.600 --> 00:23:26.900  product or non-investment related content 473 00:23:26.900 --> 00:23:29.200  made reference to directly or indirectly in 474 00:23:29.200 --> 00:23:31.400  this material will be profitable. 475 00:23:32.400 --> 00:23:35.400 As with any investment strategy there is the possibility of 476 00:23:35.400 --> 00:23:38.600  profitability as well as loss due to 477 00:23:38.600 --> 00:23:41.600  various factors including changing market conditions. 478 00:23:41.600 --> 00:23:44.800  And/or applicable laws the content 479 00:23:44.800 --> 00:23:47.800  may not be reflective of current opinions or 480 00:23:47.800 --> 00:23:50.500  positions. Please note the material 481 00:23:50.500 --> 00:23:53.800  is provided for educational and background use only moreover. 482 00:23:53.800 --> 00:23:57.000  You should not assume that any discussion or information 483 00:23:56.700 --> 00:23:59.700  contained in this material Services the 484 00:23:59.700 --> 00:24:03.300  receipt of or as a substitute for personalized 485 00:24:02.300 --> 00:24:04.500  investment advice.

Did you know there are different types of financial advisors? Choosing the right one for your particular situation and phase of life is an important decision. In this show, we cover the differences between financial advisors, the services they provide and the ways they get paid - listen in.  Show website: https://www.providencefinancialpodcast.com Find us at: www.providencefinancialinc.com YouTube: https://www.youtube.com/c/AnthonySaccaro/featured Radio: https://www.providencefinancialradio.com Yelp: https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills Facebook: https://www.facebook.com/Providence.FinancialInc/ Twitter: https://twitter.com/AnthonySaccaro LinkedIN: https://www.linkedin.com/in/anthonysaccaro/

On Part 2 of Advisor Perspectives, Anupam talks to Harsh Roongta, a SEBI-regulated Financial Advisor at Fee Only Investments Advisors LLP ! Harsh shares his beginning from being a Chartered Accountant to becoming a full-time Financial Advisor. Anupam and Harsh further discuss consumer-centric financial advice and the key roles of a good financial advisor. They speak about the essentiality of a GOAL oriented approach in financial planning and moving beyond numbers while establishing a deep, personal and emotional relationship with the client to develop the right financial plan!About the ShowPaisa Vaisa is India's leading podcast on personal finance with 1m+ downloads, 130+ hours of content and conversations, 150+ guests, and 300+ episodes. Since 2017, Paisa Vaisa has interviewed experts across the spectrum of personal finance covering diverse topics such as mutual funds, stocks, housing, loans, education, crypto, and much more. Listen in now to make smarter decisions with your money!You can know more about Fee Only Investments Advisors on:Website: https://feeonlyinvestmentadvisers.com/You can find Harsh Roongta on LinkedIn: https://www.linkedin.com/in/harshroongtaTwitter: https://twitter.com/harshroongtaGet in touch with our host Anupam Gupta on social media:Twitter: ( https://twitter.com/b50 )Instagram: ( https://www.instagram.com/b_50/ )Linkedin: (https://www.linkedin.com/in/anupam9gupta/ )You can listen to this show and other awesome shows on the IVM Podcasts app on Android: https://ivm.today/android or iOS: https://ivm.today/ios, or any other podcast app.You can check out our website at https://www.ivmpodcasts.com/

Deborah Nason is a journalist who has been covering business for the past 20 years, for both InvestmentNews and CNBC.com. She is on a mission to ensure people of all income levels get the financial advice and guidance they need. Deborah shares resources for helping people find the ideal financial advisor regardless of the state of their wallet, including some fantastic pro bono deals.  A financial advisor is a trained, experienced professional who helps you understand your financial options, create a comprehensive financial plan, and make the right financial decisions along the way. They can help you plan a holistic approach to your financial life. Financial planning does not always involve investment management. Regardless of whether you plan to invest or not, it's a good practice to have a financial advisor helping you with income and expense planning, creating goals, and maximizing your employee benefits. One of the best ways to ensure your advisor has the relevant experience in expertise and designations is by doing a broker check on FINRA.  Like medical professionals, financial advisors also specialize. From divorce to entrepreneurship, there are a multitude of specializations under the financial advisor umbrella. The idea is to find somebody who really understands who you are and what you're about.  Resources Deborah Nason on LinkedIn | Twitter | Facebook Email: findtherightfinancialadvisor@gmail.com  C4SB.com The People's Guide to Finding the Right Financial Advisor FINRA.org FINRA Broker Check IAPD - Investment Advisor Public Disclosure Securities Investor Protection Corporation Savvy Ladies  Foundation for Financial Planning XY Planning Network  Garrett Planning Network Stacy Francis on LinkedIn | Twitter Email: stacy@francisfinancial.com FrancisFinancial.com Reach out to receive a complimentary consultation! Contact Francis Financial at +212-374-9008 or visit Francis Financial today!

Dawn Starks of Simple Money Pro helps you find the right financial advisor  Episode 1941: How to Find the Right Financial Advisor For You by Dawn Starks of Simple Money Pro Dawn Starks has been a financial planner for over twenty years. Her aim with financial planning work has always been to simplify things for clients. Making concepts easier to grasp and less scary is the goal. Dawn's SimpleMoney project - the blog, podcast, and soon-to-be courses and book is a co-project with her husband Greg. The original post is located here: https://simplemoneypro.com/blog/are-you-ready-to-hire-a-financial-advisor/   Visit Me Online at OLDPodcast.com  Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Dawn Starks of Simple Money Pro helps you find the right financial advisor  Episode 1941: How to Find the Right Financial Advisor For You by Dawn Starks of Simple Money Pro Dawn Starks has been a financial planner for over twenty years. Her aim with financial planning work has always been to simplify things for clients. Making concepts easier to grasp and less scary is the goal. Dawn's SimpleMoney project - the blog, podcast, and soon-to-be courses and book is a co-project with her husband Greg. The original post is located here: https://simplemoneypro.com/blog/are-you-ready-to-hire-a-financial-advisor/   Visit Me Online at OLDPodcast.com  Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Dawn Starks of Simple Money Pro helps you find the right financial advisor  Episode 1941: How to Find the Right Financial Advisor For You by Dawn Starks of Simple Money Pro Dawn Starks has been a financial planner for over twenty years. Her aim with financial planning work has always been to simplify things for clients. Making concepts easier to grasp and less scary is the goal. Dawn's SimpleMoney project - the blog, podcast, and soon-to-be courses and book is a co-project with her husband Greg. The original post is located here: https://simplemoneypro.com/blog/are-you-ready-to-hire-a-financial-advisor/   Visit Me Online at OLDPodcast.com  Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

On this week's Money Matters, Scott and Pat extract the bull from bear markets.  Then they offer honest advice to a 61-year-old who got spooked and yanked money out of her Roth IRA.  A Georgia man hears why bond maturity is a key to his retirement. Finally, Scott and Pat help a man looking for the key questions to ask a potential financial advisor.   Join Money Matters:  Get your most pressing financial questions answered by Allworth's CEOs Scott Hanson and Pat McClain live on-air! Call 833-99-WORTH. Or ask a question by clicking here.  You can also be on the air by emailing Scott and Pat at questions@moneymatters.com.  

Ryan Inman was a fee-only financial advisor who works exclusively with physicians and he teaches how to pick a financial advisor.  How did he end up in the physician niche?  He understands us.  His wife is a pediatric pulmonologist and part of why he understands the struggle so well is that they've been together since college.  He graduated from the University of San Diego and has two masters, one in business administration and another in Accounting and financial management.  We discuss how to find a financial advisor and answer questions like, what is a fiduciary, who should I buy life and disability insurance from, is picking stocks and timing the market possible with enough research, what services should a financial advisor provide and what is the most common financial mistake he sees physicians make. Find this and all episodes on your favorite podcast platform at PhysiciansGuidetoDoctoring.com Please be sure to leave a five star review, a nice comment and SHARE!!!

ESI of ESI Money talks about financial locker room talk he recently heard Episode 1901: Financial Locker Room Talk by ESI Money on Being Able To Pick The Right Financial Advisor For You ESI Money is written by "ESI", a 50-something retiree. The site is basically a list of what's allowed him to become financially independent and how you can implement those successes in your life. His philosophy is simple and focuses on doing three simple things to achieve financial independence: earn, save, invest. There's a bit more to it than that, of course, but if you can concentrate on these three areas, they will get you at least 90% of the way there. The original post is located here: https://esimoney.com/financial-locker-room-talk/   Visit Me Online at OLDPodcast.com  Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

ESI of ESI Money talks about financial locker room talk he recently heard Episode 1901: Financial Locker Room Talk by ESI Money on Being Able To Pick The Right Financial Advisor For You ESI Money is written by "ESI", a 50-something retiree. The site is basically a list of what's allowed him to become financially independent and how you can implement those successes in your life. His philosophy is simple and focuses on doing three simple things to achieve financial independence: earn, save, invest. There's a bit more to it than that, of course, but if you can concentrate on these three areas, they will get you at least 90% of the way there. The original post is located here: https://esimoney.com/financial-locker-room-talk/   Visit Me Online at OLDPodcast.com  Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

ESI of ESI Money talks about financial locker room talk he recently heard Episode 1901: Financial Locker Room Talk by ESI Money on Being Able To Pick The Right Financial Advisor For You ESI Money is written by "ESI", a 50-something retiree. The site is basically a list of what's allowed him to become financially independent and how you can implement those successes in your life. His philosophy is simple and focuses on doing three simple things to achieve financial independence: earn, save, invest. There's a bit more to it than that, of course, but if you can concentrate on these three areas, they will get you at least 90% of the way there. The original post is located here: https://esimoney.com/financial-locker-room-talk/   Visit Me Online at OLDPodcast.com  Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Jeff Kowal and Marie McFarland share the 6 mistakes you should avoid when choosing a financial advisor, discuss things 401(k) millionaires should consider, and shed insight on estate executors and removing trustees.

On this episode of The Millionaire Choice Show, Tony talks with Nicholas Stuller about the world of financial advisors and how differentiate between a good one and a bad one. Unfortunately, in today’s financial world, it’s more difficult to find a good financial advisor that a bad one, and that can make a huge difference in your’s and your family’s financial future. Nicholas W. Stuller is one of the foremost authorities on financial advisors and is a respected and outspoken authority on the financial advisory universe. He is the founder and CEO of MyPerfectFinancialAdvisor which intends to be the “eharmony” of matching investors or consumers to advisors, regardless of how little or much money one has. Prior, he was the founding CEO of two of the largest financial advisor database companies in the U.S., he has built the most inclusive web-based directories, which include deep data and intelligence on the two million U.S. financial and insurance advisors. The nation’s largest advisory firms, mutual funds, and insurance carriers have relied upon his companies to understand the financial advisor community. In 1985, Stuller began his career at Shearson Lehman Hutton (now Morgan Stanley). When he left the firm as a financial advisor, he began a successful career selling to financial advisors at firms such as Waterhouse Securities (now TD Ameritrade) and National Regulatory Services (acquired by the Thomson Company). Selling to thousands of advisors, Stuller subsequently built sales teams to dramatically increase revenues at the various firms he worked for. A gifted entrepreneur and sales professional, he went on to create unique directories of critical data on financial advisors. Stuller is a widely respected spokesperson for financial advisors. He has been quoted extensively by the print and digital media, including The New York Times, Dow Jones, Reuters, and Yahoo, and has been interviewed by the broadcast media including NBC, CBS, PBS, and others. To learn more about Nicholas Stuller and My Perfect Financial Advisor, visit https://nicholasstuller.com/ or https://myperfectfinancialadvisor.com/ Download a free copy of The Millionaire Choice ebook and Creating Millionaire Families ebook at themillionairechoice.comSee omnystudio.com/listener for privacy information.

In this episode, I talk about why it's important to find the RIGHT financial advisor that will cater to your needs! What will happen if you found the wrong one? Learn more on this episode of Chink Positive!Follow me: Facebook, Instagram and Twitter @chinkeetan. Tiktok @iamchinkeetan Youtube: Chink Positive *** DISCLAIMER: The views and opinions expressed by the podcast creators, hosts, and guests do not necessarily reflect the official policy and position of Podcast Network Asia. Any content provided by the people on the podcast are of their own opinion, and are not intended to malign any religion, ethnic group, club, organization, company, individual, or anyone or anything. Hosted on Acast. See acast.com/privacy for more information.

This week Justin Martin joins us to discuss how selecting a financial advisor could help in your pursuit of FIRE. He discusses the value of a fiduciary and how to verify if an advisor is a fiduciary. While investing philosophies may differ, there is a clear way forward to retirement (and storm chasing if you choose to) We're only as good as the team that counsels us, so make sure to build a strong one!     Justin@legacywealthmg.com thegoldcrownpodcast.com  

Description: Bill DeRoche, Chief Investment Officer with AGF Investments LLC, here on behalf of AFGiQ, AFG's quantitative investment platform, and Rick Cross, Co-Founder of Right Financial Advisor and also registered investment advisor at American Portfolios join us to explain why investing in infrastructure makes sense. Visit etfthinktank.com, your source for ETF ideas, thought leadership, strategies, tools, and growth tactics.Podcast hosted by: David Dziekanski and Mike Venuto.LIVE Show hosted by: Michael Gayed and Dan Weiskopf.Show Sponsored by: AGF.

One of the biggest decisions you will make in life other than marriage and having kids, is finding the right financial advisor that fits you best.  Nick and I explain what you should be looking at in your next financial advisor.  The good and bad.  At the end of the day, it's all about you and your finances.

How do you find the right financial advisor for you? This question is so common, but the answer is often unknown. If you're passionate and willing to invest the time and energy into learning and nurturing your own finances, then you don't need a financial advisor telling you what you already know. But for those of us that aren't as knowledgeable, it's imperative to do your homework when it comes to finding a financial advisor that puts you and your financial goals first. To truly discover the best financial advisor for you, there are several factors to consider. Jim walks us through each avenue of financial advising and details the pros and cons to each. Jim discusses captive and independent financial advisors and shares what aspects of the two to weigh into your decision. He gives insight into certifications for financial advisors and what information they convey. Through his knowledge and experience, Jim offers us an insider's perspective into the key factors to consider when searching for a trusted and credible financial advisor.   Relevant Links: Retirement Planning Guy