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DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

Choosing a Financial Planner

DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

Bleav + Quint Tatro & Daniel Czulno, CFP® a passionate look at everything money from budgeting, savings, investing, stocks, bonds, debt. For those that enjoy Dave Ramsey, Jill On Money, Smart Money, BiggerPockets it’s worth a listen!

Real Estate, Education, Investing, Self-improvement, Business, Money

4.6858 Ratings

🗓️ 23 February 2020

⏱️ 15 minutes

🧾️ Download transcript

Summary

In this episode Quint and Daniel discuss the different ways Financial Planners are compensated and what to look for when choosing them.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey there, this is Daniel. Thanks for listening to DIY Money. Now, if you haven't already, be sure to give us a five-star review so your friends know that this is a show that they can learn from. Follow us on Instagram at DIY.money. Now, enjoy this episode.

0:25.1

Welcome back, ladies and gentlemen, you are listening to another edition of DIY money. We got a question today that hits right at home because for Daniel and I, unless you

0:34.8

basically haven't listened to any of our other podcast, this is a great

0:39.1

service we feel.

0:40.4

It's a great service, an outlet for us to help folks far and wide all across the globe as our

0:46.5

podcast blows up to the top of the charts.

0:49.4

But nonetheless, our day job is that of investment advisors, fee-only investment advisors.

0:55.8

Daniel is a certified financial planning professional, and so we work with folks all over

1:01.8

the United States.

1:02.6

And so this question today is right at home.

1:06.8

And I think it's a great question to talk about.

1:10.3

If you are out there and starting to think,

1:12.4

you know what, I should sit down with some sort of advisor or planner.

1:17.9

And so we've got a question just about that.

1:20.7

This question comes from Kevin.

1:22.5

Kevin, what do you got?

1:23.9

D-I-Y.

1:26.1

Hello, gentlemen.

1:27.3

My name is Kevin from Arkansas, and I have a question about how financial planners are paid.

1:34.3

Could you talk about the different ways financial planners are paid and the pros and cons?

1:41.3

The reason behind my question is I'm in the market for a financial planner,

1:46.0

and I know that some are paid off commission, which I have an inherent distrust for,

...

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