Your guides to a really great financial future.

Tom and Don are talking real money.

When it comes to getting financial advice, okay, actually, let's get more specific.

When it comes to getting investing advice, generally speaking, you have

three choices of professionals who generally specialize in providing investing and portfolio

advice, not tax advice, not legal advice. This is, I'm just talking about investing.

Three general categories. It's really pretty simple, but the devil's in the details. The three

categories are financial advisors or investment advisors is actually more technically accurate.

Registered investment advisors is even more accurate.

Two, financial advisors, aka stockbrokers.

They used to be called stockbrokers.

That used to be the big term.

Now they're kind of obfuscating that with financial advisor.

And third, financial advisors, a. A.k.a. A.k.a. insurance salespeople or insurance agents.

Again, the term insurance agent carries with it some negative salesy connotation. So they like to

call themselves financial advisors. So basically, so they like to call themselves financial advisors.

So basically all three of them can call themselves financial advisors, but there are big

differences between them. Hi, everybody. Welcome to Talking Real Money, the podcast. I am Don

McDonald. That is Tom Koch, and we are here to help you understand this very simple yet complex

relationship between these various careers, these various professionals, Tom.

It's a fascinating time, too, a topic that we'll take up on another day as well as around the requirement for

fiduciary advice for retirement assets, which was, was, wasn't. Anyway, we'll bat that around

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