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NerdWallet's Smart Money Podcast

Money Management for Couples and the Benefits of Fiduciaries

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2665 Ratings

🗓️ 22 April 2024

⏱️ 28 minutes

🧾️ Download transcript

Summary

Discover methods to achieve financial harmony in relationships and learn why fiduciary advisors are often considered trustworthy. 0:52 Sara’s Corner: How can couples equitably share the mental load of managing finances? Can you trust fiduciary financial advisors? Hosts Sean Pyles and Sara Rathner begin with a discussion about the division of financial responsibilities among couples to help you understand how to create financial harmony in your relationship.  12:18 Today’s Money Question: Elizabeth Ayoola joins Sean to explain how you can choose a financial professional to work with, starting with an in-depth look at different types of fiduciaries including Certified Financial Planners (CFPs), financial coaches, and financial therapists. They discuss the nuances of fiduciary compensation structures and explain how you can advocate for yourself when selecting a financial advisor to work with. In their conversation, the Nerds discuss: financial planning, financial advisors, fiduciary, relationships and money, financial harmony, money management for couples, certified financial planners, financial literacy, financial responsibility, equal money responsibilities, financial trust, financial wellbeing, harmonious money management, shared financial responsibilities, financial abuse, emotional labor and finances, mental load of finances, managing finances as a couple, money questions, financial decisions, financial therapy, couples finances, navigating financial advisors, fiduciary trust, financial planning for couples, and financial responsibility in relationships. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:03.0

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0:10.0

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0:15.0

Did you have sex? Did you have sex?

0:17.0

Did you have sex last night?

0:19.0

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0:23.0

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0:25.3

Prime Video.

0:27.1

Click or tap the banner to find out more.

0:29.8

Do you know which financial advisors you can trust

0:32.5

and which might just be looking to make a buck?

0:35.3

Well, this episode will help you sort the good

0:37.7

from the sketchy in the world of financial advice.

0:44.4

Welcome to NerdWallet's Smart Money Podcast, where we help you make smarter financial

0:49.0

decisions, one money question at a time. I'm Sarah Raffner. And I'm Sean Piles. This episode, we're joined by

0:55.2

our co-host, Elizabeth Ayola, to answer a listener's question about fiduciary financial advisors.

1:00.4

Are they all they're hyped up to be? And how do they compare it to other folks looking to make

1:04.6

money from giving advice? I would say the answer to those questions are usually and they're better.

1:10.4

But I don't want to steal

1:12.1

you're an Elizabeth's thunder. I appreciate the restraint, Sarah, even though you did just say

1:16.7

those things. But anyway, before we get into that, we're going to hang out for a bit in Sarah's

...

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