The Long View Pam Krueger: How to Find a Financial Advisor
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Feb 11, 2025 Pam Krueger, founder and CEO of Wealthramp, is a seasoned expert in financial advising. In this engaging discussion, she breaks down the often confusing process of selecting the right financial advisor. Pam emphasizes the importance of fiduciary standards and the benefits of virtual consultations. She offers insights into differentiating between fiduciary and sales-oriented advisors, and stresses the significance of understanding advisor fees and credentials. Listeners gain valuable tools to enhance their financial planning journey while ensuring their interests are protected.
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Advisor Search Difficulty
- Finding a financial advisor is challenging due to the sheer number of individuals (400,000-500,000) who identify as financial advisors.
- Start your search locally, but be prepared to expand your search beyond your immediate area.
Industry vs. Profession
- Unlike medicine or law, financial advice is an industry, not a profession, lacking uniform standards.
- This lack of standardization makes it difficult for consumers to discern qualified advisors from those with less experience.
Wealthramp's Approach
- Wealthramp matches consumers with vetted advisors, prioritizing privacy.
- The platform ensures advisors cannot contact consumers until the consumer initiates contact.