Insurance agents posing as advisors is more common than you may realize and can create conflicts of interest. The key is having better awareness. Don’t get fooled again!

In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about five ways to identify whether you are working with an insurance person who is posing as a financial advisor.

Topics Discussed:

Sign #1: Aggressive posers seek you out after making contact or via referrals
Sign #2: Posers offer you free or low-cost financial “advice”
Sign #3: Posers act as trusted advisors; don’t refer to themselves as salespeople
Sign #4: Advice and product solutions offered by posers are similar across clients
Sign #5: Agents posing as advisors make it difficult to leave them/their products

Links:

BrokerCheck

National Association of Insurance Commissioners (NAIC) - State Based Systems

How Conflicts Of Interest Muddy the Financial Advice Waters with Donovan Sanchez

Contact Finance for Physicians

Finance for Physicians

Brian Alexander, former CEO of Foundation Medicine, describes how Valo Health is using its AI expertise to partner with companies and foundations on discovery and development projects