When It's Time to Work with a Financial Professional

14 snips

Dec 20, 2023

When is it time to work with a financial professional? This episode delves into the topic and highlights the importance of establishing a relationship before financial life gets complicated. It discusses the lack of requirements for the title 'financial advisor' and the different standards of care in the industry. The chapter also explores different compensation models for fee-only financial advisors and explains the concept of fiduciary and its importance in financial advice.

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Introduction

00:00 • 4min

Working with a Financial Professional: Do You Really Need One?

04:13 • 11min

Different Compensation Models for Fee-Only Financial Advisors

15:36 • 9min

Understanding Fee Structures and Financial Advisors

25:03 • 4min

Building Portfolios, Closure of Mint, and Commission-Only Advisors

29:31 • 3min

Financial Advisors, Commissions, and Conflicts of Interest

32:11 • 15min

Understanding the Concept of Fiduciary

47:07 • 8min