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In this episode of "A Life Well Lived: A Physician's Guide to Wealth," James Nutter discusses the importance of hiring a financial planner and the different standards that financial advisors are held to.
He emphasizes the fiduciary standard, which requires advisors to act in the best interests of their clients, and contrasts it with the suitability standard, which allows advisors to prioritize their own interests.
Nutter also explains the key licenses and certifications that fiduciary financial advisors should hold. Tune in to learn how to choose the right financial advisor for your needs.
Timestamp
Summary
0:07
Unveiling Financial Advisors' Confidential Earnings and Practices
1:16
How to Decide Whether to be a DIY or Hire a Financial Planner
4:37
Understanding Fiduciary Standards in Financial Planning
10:57
Comparing Fiduciary and Suitability Standards in Advice
12:25
Verifying Financial Advisors' Credentials Through BrokerCheck
13:48
Understanding Fiduciary Financial Advisor Licenses and Certifications
19:43
Choosing the Right Financial Advisory Path
Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.
Financial Residency