Everyday Wealth

Season 2 Episode 8: How to choose a financial advisor

Feb 27, 2023

Exploring the importance of choosing a financial advisor after life transitions like divorce, focusing on fiduciary responsibility and understanding financial advisory fees. Hosts share personal anecdotes and provide insights on selecting the right advisor aligned with financial goals.

38:18

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Quick takeaways

Seeking financial guidance post-divorce aids in planning for future stability and navigating uncertainties.

Selecting a financial advisor aligned with individual needs ensures personalized planning encompassing retirement, taxes, and more.

Deep dives

Importance of Financial Planning Post-Divorce

Following a divorce after a 26-year marriage, the protagonist, Janelle, highlighted the significance of seeking financial guidance when transitioning into a new life stage. Lack of involvement in financial matters during the marriage led to post-divorce financial uncertainties. Partnering with a financial advisor enabled Janelle to navigate these challenges and plan for her future financial stability.

Introduction

6min

Navigating Financial Changes After a Divorce

2min

Navigating Financial Advisory Fees and Post-Divorce Financial Management

17min

Navigating Financial Guidance Post-Divorce

4min

Choosing the Right Financial Advisor and Understanding Fiduciary Responsibility

4min

Exploring the Role and Costs of Financial Advisors

6min

Despite the many reasons to get help from a financial advisor – especially in today’s climate – only 35% currently work with a financial professional. In this episode of Edelman Financial Engines’ Everyday Wealth™, Jean and wealth planner Isabel Barrow talk to a listener who wants to choose the right financial advisor after going through a litigious divorce. Later in the episode, Jean and Isabel discuss considerations to make when you’re looking for a wealth planner and questions to ask to help you choose the right one.

Ms. Chatzky receives cash compensation for acting as host of the Everyday Wealth podcast and for related activities and therefore has an incentive to endorse Edelman Financial Engines and its planners. That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses. The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).

This show is pre-recorded, and any callers are prescreened.

The information being provided is for informational and educational purposes only and should not be construed as investment advice. You should consult with a financial advisor to help determine the best options for your particular circumstances.

© 2023 Edelman Financial Engines, LLC. Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC. All advisory services provided by Financial Engines Advisors L.L.C., a federally registered investment advisor. Results are not guaranteed.

See omnystudio.com/listener for privacy information.

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Everyday Wealth

Season 2 Episode 8: How to choose a financial advisor

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Importance of Financial Planning Post-Divorce

Choosing the Right Financial Advisor

Holistic Approach to Wealth Management

Evaluation of Financial Advisor Costs

Remember Everything You Learn from Podcasts