Should You Hire a Financial Advisor? (Plus The Major Impact of Fees!)

The Personal Finance Podcast

Andrew Giancola

Business, Investing, Entrepreneurship

4.7 • 1.4K Ratings

🗓️ 2 June 2021

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

056 Should You Hire a Financial Advisor? (Plus The Major Impact of Fees!) Got questions? Ask me on Instagram Here. @mastermoneyco This is the fastest way to get a response from me. Sponsors Thanks to Fundrise for sponsoring this episode of the podcast! Check them out at www.fundrise.com/personalfinance Thanks to Ladder for sponsoring this episode of the podcast! Check them out at www.ladderlife.com/pfp, Thanks to our sponsor Manscaped (Manscaped.com) for sponsoring this episode of the podcast. Use code PFP20 at checkout for 20% off + Free Shipping! Want to Support the Show? Follow on Spotify or Follow and Leave a 5-Star Review on Apple Podcasts! Today We Discuss: What is a Financial Advisor? The Impact fees have on your wealth How much would you pay in fees by amount invested What to ask your financial advisor The types of advisors More Episodes You Will Love: How to Choose the Right Budget for You How to Prevent Lifestyle Creep Big 3 Expenses How you Can Have a Free Car for Life! Nerd Wallet Calculator Check out all the Stuff I Recommend! M1 Finance Open a Roth IRA Personal Capital Free Wealth Management and Budget App and Fee analyzer! CIT BANK (Best Savings Account) Best Personal Finance Books The Simple Path to Wealth - J L Collins The Millionaire Next Door - Thomas Stanley I Will Teach You To Be Rich - Ramit Sethi Rich Dad Poor Dad - Robert Kiyosaki ** Some links may be affiliate links and we earn a small commission at no extra cost to you. We only recommend products we truly believe in. Check us out on social fam! Twitter Dollar After Dollar Instagram www.thepersonalfinancepodcast.com www.dollarafterdollar.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	On this episode of the Personal Finance Podcast,
0:03.6	we're going to answer the question,
0:05.6	should you hire a financial advisor? What's up everybody and welcome to the personal finance podcast. I'm your host
0:30.0	Andrew founder of dollar After Dollar.com.
0:33.5	And today on the Personal Finance Podcast,
0:36.7	we're going to be talking about,
0:38.3	should you hire a financial advisor?
0:41.5	If you have any questions at all about this episode, hit me up on
0:44.6	Instagram at dollar A F T R dollar. And follow us on Spotify, Apple Podcast, or
0:51.5	whatever podcast player you love listening to this podcast to you and please if you want to help out the show leave a five star rating and review on Apple Podcast.
1:01.0	So one of the biggest questions that I'm constantly getting is should
1:04.2	somebody hire a financial advisor and there could be a number of reasons why these
1:08.4	questions come into your mind. Maybe you feel completely lost with your finances.
1:12.1	Maybe you just feel completely stuck.
1:14.2	You don't know where to start investing.
1:16.1	Or a lot of situations, people's parents
1:19.3	had financial advisors, so they recommended their children
1:22.2	to have a financial advisor as well.
1:25.0	Or you have a big family event that happened, maybe a death in the family, and you've gotten a lump sum of money and inheritance or something like that.
1:31.0	And you don't know what to do with the money.
1:33.0	You don't know how to handle this money.
1:35.1	There is a number of reasons why you would want to have a financial advisor or why this question would
	...

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