Everybody listen to me and return to me by ship.

I'm your captain.

Who's in charge of all of the details of your financial life, not just the stocks and bonds,

but your taxes, your will, your estate, any trusts, insurance, credit line, your real estate, anything that affects your financial

health, who's in charge of that? A lot of us work with different professionals

across lots of different disciplines, but that means sometimes some things can slip through the cracks.

To avoid this happening, some people use a financial quarterback, someone to captain every aspect of their finances.

I'm Barry Ritaltz and on today's edition of At The Money, we're going to discuss the idea of

having someone to oversee all aspects of your financial life.

To help us unpack all of this and what it means for your finances, let's bring in Peter

Malooq.

He's the CEO of Creative Planning. The firm manages over $300 billion in

client assets. So Peter, tell us about the concept of a financial captain. Why do we need

someone to help manage our financial affairs?

You know, it's an interesting industry, Barry.

Like if you think about when you build a home, most people don't want to be the general contractor.

They just assume they're going to mess something up.

Yeah, I can get a great plumber, I can get a great electrician, but somewhere along the way,

there's somebody's not going to talk to somebody and something will get screwed up, so you hire a general

contractor and you pay the general

contractor but you probably wind up with a better outcome and you probably actually

saved yourself money.

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