Hiring an Advisor: Insider Secrets (plus an intro to SoLo Funds)

The Stacking Benjamins Show

Joe Saul-Sehy | Cumulus Podcast Network

Investing, Business, Self-improvement, Education

4.2 • 1.9K Ratings

🗓️ 17 July 2020

⏱️ 89 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

All that we hear about when we read financial pieces about hiring advisors is, "Ask about the fees," and "Hire a Fee Only Advisor." Sadly, the former and current advisor who operate this podcast know it isn't that easy. There are fee only advisors who are morons and a cheap fee means nothing if you find zero value in your "low fee" advice. So what SHOULD you ask? Today we gather together some of our favorite pros to ask them. What questions SHOULD people ask (but don't)? What should people look for in a good advisor? What are the things you should expect a good advisor to actually do for you? When is the right time to hire an advisor? We'll ask these and many more questions of Dana Anspach from Sensible Money, The Retirement Answer Man, Roger Whitney, and our very own OG. But that's not all. We're excited to hear today about one of the hottest companies in FinTech, SoLo Funds. Travis Holoway joins us on today's show to talk about lending made easy for people who traditionally struggle to find funding to make ends meet. Whether you're a lender or borrower, you'll want to hear about this company. Of course, we'll save time for the MagnifyMoney question AND ask our team of experts to weigh in on our weekly trivia question. That AND more on today's show! Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:21.9	Again that's Dell.com slash deals.
0:27.0	At some point far in the future historians will probably ask,
0:33.0	what was daily life like in the early 21st century?
0:37.0	Well, one thing we know for sure.
0:40.0	Nobody will ever point to these two clowns and say,
0:44.0	this was how you should The Stacking Benjamin Show. I'm Joe's mom's neighbor Doug and do you like good help in your corner whether
1:10.6	you're hiring a podcast announcer or financial advisor having the best person for the job is essential.
1:18.0	Today we'll share our best tips for hiring the best financial help from a team of pros.
1:25.0	First, from Sensible Money, please welcome CFP Dana Onspoc.
1:30.8	Next, say hello to the retirement answer man himself, Roger Whitney.
1:35.0	And last but not least, okay, maybe least, from this very
1:40.0	podcast, it's O-G.
1:42.0	But wait, there's more! 78% of American workers live paycheck to
1:48.4	paycheck. So during our Friday FinTech segment, we'll welcome Travis Holloway from So Low Funds, a company creating
1:56.5	a spot for people to borrow or lend microloans.
2:00.9	We'll also magnify a lucky listener's money and of course I'll share some trivia
2:05.6	about the happiest place on earth. No, not the basement. And now a guy who
2:12.3	depends on me for basically everything, it's Mr. Dependent himself,
2:18.0	Joe Saul Seahy! See hi. I am Mr. Dependent. I'm dependent on a team of great people like we have
	...

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