Do You Need A Financial Advisor? (You Might Be Surprised!)

Money Guy Show

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

Investing, Education, Business

4.7 • 3.1K Ratings

🗓️ 25 September 2023

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

How do you know when it's time to hire a financial advisor? We'll walk you through that question and more in today's Q&A episode! 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is a good one that we can be unbiased on.
0:09.6	Ethan says, hey, what are some signs that you need a financial advisor?
0:14.2	Is there a difference between a financial planner and a financial advisor?
0:19.5	Let me just start this one off for a moment.
0:21.4	I'll mention the second part.
0:23.5	One of the things that I think is, by the way, for those of you who are just now listening
0:27.5	to us for the first time, we are financial advisor.
0:29.9	So let me go and put that out there and financial planche.
0:34.1	The problem with our industry is that really anybody can call themselves anything, right?
0:38.6	Somebody can call themselves a financial coach, a financial advisor, a financial planner,
0:42.8	a financial consultant, a financial intermediary, fill in the blanks.
0:47.6	So I think just operating by title alone won't give you enough information.
0:52.7	What you really need to do is understand what that person does.
0:58.2	Are they someone who only sells certain types of products?
1:01.3	Are they someone who actually does financial planning?
1:04.1	Are they someone who only focuses on retirement plans?
1:06.8	Are they someone who just does taxes?
1:09.2	You need to understand, okay, what does the person do and what is the thing that I'm looking
1:15.1	for?
1:16.1	So that goes right into Ethan's question.
1:17.7	What are some of the signs that I might be at the place where I need to speak with someone
1:21.4	about having more finances?
	...

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