351: 6 Reasons Why Millionaires Chose Their Financial Advisors
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 11 December 2017
⏱️ 11 minutes
🧾️ Download transcript
Summary
Learn 6 reasons why millionaires chose their financial advisors and 6 reasons they would change them.
Millionaires may do things that you don't expect. You might think fees or investment performance is most important. Millionaires don't.
In this article from Investor's Business Daily, we explore reasons why millionaires chose and would change their financial advisors.
It helps to start thinking like a millionaire if you want to become one. In our ongoing discussions about wealthy mindset, this falls into the category of how to think like a millionaire.
Bar charts of the research by Spectrem Group is posted on my website at www.lindapjones.com.
Get "11 Quick Financial Tips to Boost Your Wealth" at http://lindapjones.com.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Be wealthy and smart, episode 351. |
| 0:02.8 | I'm gonna live no rich life. |
| 0:06.8 | Rich life. |
| 0:07.8 | If y'all know what I mean, put your hands up and declare with me |
| 0:13.6 | Yeah, I'm full of faith I'm I'm gonna live a good life |
| 0:20.6 | A good life |
| 0:21.6 | beautiful and glorious life Step into a world of wealth of wealth and financial freedom without budgets, boredom or bosses on |
| 0:31.2 | be wealthy and Smart. |
| 0:33.9 | And now here's your host, Linda P. Jones. |
| 0:37.7 | Welcome to Be Wealthy and Smart. |
| 0:39.1 | I'm Linda P. Jones, America's Wealth Mentor. |
| 0:41.7 | Empowering women and Men Worldwide to Financial Freedom. |
| 0:45.0 | On today's show, we're going to talk about six reasons why millionaires chose their financial |
| 0:50.6 | advisors. And you're going to learn what those six things are that are important to |
| 0:54.4 | millionaires and also the six reasons why millionaires might consider changing their financial |
| 1:00.2 | advisors. |
| 1:01.1 | This comes to us from Investors Business Daily, December 11th, 2017. |
| 1:07.2 | And it says, landing, keeping millionaire clients. |
| 1:11.9 | Millionaires tend to rank honesty and trustworthiness higher than clients. communication outranks weak investment performance among reasons why millionaires change advisors. |
| 1:27.5 | And it lists the source as the Spectrum Group, which I'm aware of does a lot of surveys with the financial industry and why people do the things they do. |
| 1:37.0 | So there's a couple of bar charts here. One bar chart says reasons why millionaires chose their financial advisors and then the other |
| 1:45.1 | one says reasons why millionaires would change financial advisors. So first we'll |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Linda P. Jones, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Linda P. Jones and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.