DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing Hiring a Financial Advisor
Jan 24, 2024
Two hosts discuss hiring a financial advisor and the importance of finding a fiduciary advisor. They explore transitioning accounts, establishing a relationship, and taking charge of personal finances. Banter about classic movies adds a fun touch to the conversation.
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Choosing a Financial Advisor
- When choosing a financial advisor, prioritize a fiduciary, fee-only advisor.
- This ensures they prioritize your interests and avoid commission-driven conflicts.
Advisor Relationship Logistics
- Understand how the advisor relationship begins and ends, including account access and transitions.
- Ensure a smooth onboarding and offboarding process.
DIY vs. Advisor
- If you're just starting, manage your finances independently until your situation becomes complex.
- DIY until you have substantial assets or complex needs.