meta_pixel
Tapesearch Logo
Log in
Money Guy Show

Are Financial Advisors Worth It? (The Truth Finally Exposed!)

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.62.8K Ratings

🗓️ 28 June 2024

⏱️ 50 minutes

🧾️ Download transcript

Summary

Personal finance is personal, and so are financial advisors. We walk you through everything you need to know about financial advisors: their cost, their value, when you should consider hiring one – and when you shouldn’t.

Jump start your journey with our FREE financial resources

Reach your goals faster with our products

Take the relationship to the next level: become a client

Subscribe on YouTube for early access and go beyond the podcast

Connect with us on social media for more content

Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life.

Transcript

Click on a timestamp to play from that location

0:00.0

It's worth it. worth it. I am so excited about this because I think this is going to be a spicy one because there are a lot of thoughts around this if you just go read through YouTube comments some people love the idea of financial advisors and some people love the idea financial advisors and some people hate the idea

0:25.0

financial advisor so we're going to break it down for you are they worth it and

0:28.6

what do you need to know? Yeah it cracks me up people find out we're financial advisors. They come on our free

0:33.8

platform, take all of our free stuff, and then they tell us what scoundrels we are for how we make

0:39.2

our living. But there's a lot to unpack here. We're going to talk about what is an advisor. We're going to talk about the different models of service and of course we're going to talk about what you need to look for and how do you actually customize this to think about, do need an advisor or maybe you don't

0:53.6

need an advisor we would give you that clarification today but look there's some

0:56.6

baggage associated with this we know right now 28% of people that do not have an

1:01.1

advisor perceive working with an advisor as being

1:04.8

too expensive as being an expensive endeavor so we want to break down for you is

1:09.3

that true does it have to be true and what do you need to know if you're someone who is considering it,

1:14.8

or you're one of these 28% of people who say,

1:17.0

nope, not for me, no way, no how, never?

1:20.0

We want to let you know the things you need to know

1:22.0

all about advisory.

1:24.0

This might be a shocker.

1:25.7

It's not for me.

1:27.0

We actually agree with this.

1:28.2

I think, look, if you can come and get all the free stuff we're giving and your life is simple enough that you don't need a financial advisor

1:36.1

lean into being a great do-it-yourself for as long as you possibly can.

1:40.6

We're gonna go over in a second when you actually might want to consider hiring

1:45.2

a financial advisor, but I want to repeat this. If you find your situation where you're like, what do these people

1:50.8

even do to warrant their fee?

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.