Young and Profiting (YAP) with Hala Taha

Shruti Joshi: Get Good With Money, Achieve Financial Zen With Personalized Financial Planning | E293

Jun 3, 2024

Shruti Joshi, President of Facet, discusses democratizing financial wellness, holistic financial planning, importance of fiduciaries, AI in financial planning, and the role of Certified Financial Planners in disrupting the industry.

53:34

Episode guests

Shruti Joshi

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Episode notes

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Quick takeaways

Shruti Joshi stresses the necessity of making better investment decisions and choices with money for financial wellness.

Fasset combines human expertise and technology to offer personalized financial planning, catering to individual life goals and aspirations.

Financial planning is a dynamic process that considers unique profiles, lifestyle preferences, and personal values for reducing stress and enhancing life satisfaction.

Deep dives

Importance of Financial Planning for All Americans

Financial planning is emphasized as crucial for all Americans, with 40 to 75 million individuals having never worked with a financial planner. The significance of receiving guidance throughout life to prevent costly mistakes is highlighted. The podcast stresses the necessity of making better investment decisions and choices with money to achieve financial wellness.

Introduction

2min

From Renegade Spirit to Fintech Success

11min

Empowering Entrepreneurs through Key Business Tools

7min

Navigating Personalized Financial Planning with Fasset

18min

LinkedIn Advertising and Kajabi Platform

7min

Navigating Life Milestones Through Financial Planning

10min

Empowering Individuals Through Financial Planning

4min

Shruti Joshi launched her company just before the COVID-19 pandemic, only to see it crumble. This setback, however, provided a window for her to take on a consulting role at Facet, where her entrepreneurial experiences set her up for success. Before long, she became the company’s COO and later, President. In this episode, Shruti discusses Facet’s mission to democratize financial wellness for millions of Americans and shares strategies for holistic financial planning.

Shruti Joshi is the President and COO of Facet, a fintech company disrupting the financial wellness industry. She has been recognized as Wealth Solutions Report’s AAPI Innovator of the Year and one of the top women industry leaders of 2024.

In this episode, Hala and Shruti will discuss:

- Shruti’s background and early career

- Her transition from investor to COO at Facet

- Limitations within the financial planning industry

- Why entrepreneurs need professional financial advice

- The holistic approach to financial planning

- The results of Hala’s financial wellness quiz

- How Facet is disrupting financial planning

- The role of AI in financial planning

- Actionable steps for financial wellness

- The importance of fiduciaries for conflict-free advice

- The subscription model vs. traditional financial planning fees

- Why Certified Financial Planners are the industry gold standard

- And other topics…

Shruti Joshi is the President and COO of Facet, a leading fintech company revolutionizing financial planning with a subscription-based model. Before joining Facet, she founded a peer-to-peer recommendation service and held key roles at Verizon and Altman Solon. She is passionate about democratizing financial planning and making it accessible to everyone. Shruti has been recognized as Wealth Solutions Report’s AAPI Innovator of the Year and one of the top women industry leaders of 2024. A true globetrotter, Shruti has visited over 75 countries and is deeply interested in the psychology of wellness.

Connect With Shruti:

Shruti’s LinkedIn: https://www.linkedin.com/in/shruti-joshi-282369a/

Shruti’s Twitter: https://twitter.com/shruti_jo

Resources Mentioned:

Check out Facet's membership options and get the $250 enrollment fee waived at facet.com/profiting.

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