Pete Matthews interviews The Maven Adviser, Andy Hart, discussing the journey of launching Maven Adviser, the importance of financial planning and behavior, distinguishing between financial advice and planning, navigating behavioral biases in investing, building wealth through consistent saving and investing, and building trust in financial advisory relationships. The podcast also explores recommended wealth creation books and the launch of the Maven Money Podcast.
Financial planning prioritizes behavior over timing and selection, contrary to media beliefs.
Long-term financial success depends on ongoing coaching and authentic client relationships.
Deep dives
Main Idea: Launching a New Business – Challenges and Wins
The podcast episode features an interview with Andy Hart about launching his new business, Maven Advisor. It discusses the struggles, challenges, and successes that come with starting a new venture from scratch.
Main Idea: The Importance of Financial Planning and Behavior Coaching
Andy emphasizes the significance of financial planning focusing on planning and behavior over timing and selection, contrasting with media misconceptions. He highlights the key role of ongoing financial behavior coaching in ensuring long-term financial success for clients.
Main Idea: Building an Optimal Financial Planning Process
Andy details the four-stage financial planning process he takes clients through, emphasizing the need for ongoing planning and coaching. He stresses the importance of creating authentic long-term relationships with clients based on mutual respect and trust.
Main Idea: Investment Philosophy and Recommended Reading
Andy shares his investment philosophy centered around passive index investing for long-term wealth creation. He recommends essential books like 'The Number' by Lee Eisenberg and 'The Behavior Gap' by Carl Richards to help clients understand financial planning principles and behaviors.
In this episode of the Maven Money Personal Finance Podcast… the tables are turned and the Maven Adviser is interviewed by Pete Matthews, host of The Meaningful Money Podcast.
Quick Preview of the Podcast:
How Andy's firm, Maven Adviser, came about
What is a perfect financial planning process?
Financial advice vs financial planning
Fascinating insights from these two industry experts!
So sit back and enjoy unrivalled words of wisdom from Andy Hart - host of the UK’s premier personal finance show.
Is there a topic you’d like Andy to cover? We’d love to hear from you! Contact Andy Hart directly with any comments / feedback on team@mavenadviser.com. Alternatively you can reach out on Twitter @MavenAdviser.
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