I'm one of the weird advisors that doesn't think every single person needs to work with an advisor. Now other advisors don't like when I say that because it's bad for business, but it's true. I think it just depends what stage of life you're in and what experience you're looking for. Some of you, I know you, and it doesn't make sense to work with an advisor. It just depends what stage of life you're in and ultimately once again what is the experience you're

looking for the two most common phrases that i will hear and other advisors tell me it's i don't know what i don't

know or i know enough to be dangerous so today's episode is not me going through here are 10 reasons

you should or shouldn't hire an advisor i go through three considerations, but more than me going through that,

I'm giving you a client story of someone who actually had multiple financial advisors and how they

thought through their process. I think it's going to be insightful for you. Now, the audio on this

episode, once again, is not the best, unfortunately, because I did record this while driving.

The state of mind I was in, I wanted to have it come across that way. So hopefully that you guys find this episode helpful and we're gonna hop right in. A few weeks ago I recorded a podcast and the audio wasn't the best, but I had a point that I wanted to get across, it was a client story. Now a lot of you listened that episode and said, Ari, I want more of that. That was awesome.

I don't care. The audio wasn't great. So I said, okay, this is resonating. I want the audio to be the best because when I listen to podcast and the audio isn't crisp, I'm saying, hey, I wish this was because it's just nicer to listen to. But the reason I'm telling you this is because I've got one more client that I want to bring to your guys' mind. And the client that came to me

was working with Vanguard. And The reason I'm telling you this is because I've got one more client that I want to bring to your guy's mind.

And the client that came to me was working with Vanguard.

And if you're familiar with Vanguard, I imagine most of you are.

But if you're not, Vanguard, super low cost, index fund approach, they had come to me and they've already had three advisors.

So they came to me and they had three advisors in the past. They were burned by one advisor who was selling them these products with high commissions. They said, hey, Ari, we were young, dumb, didn't know what we were doing, is what it is. Then they had another advisor who was a friend of theirs and their friend actually did a good job, but then they retired. So then they're going, okay, now what do we do?

They were passed off to another advisor and they said, you know what, we've got to figure this out ourselves.

So from there, they went to Vanguard, which is the super low cost, once again, index fund solution.

And Vanguard is great.

Let me be clear.

I like Vanguard.

And Vanguard was giving them some very basic guidance on how

they should invest their funds. And I believe the basis points that they were being assessed is 35 basis

points. So 0.35% with their annual fee, which is very low. And they were getting some basic guidance.

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