In this episode, we’ll uncover the critical mistakes many make when choosing a financial advisor. We’re cutting through the noise to highlight what often goes wrong- from misplaced trust in big names to overlooking the fine print. This episode is your essential guide to avoiding those pitfalls and making informed decisions that align with your financial goals.
One of the conversation’s highlights is Mike’s explanation of a fiduciary. He clarifies the confusion surrounding this term and explains why it’s crucial to work with someone who truly puts your interests first. Mike also discusses the necessity of transparent communication between you and your advisor, and how it’s essential to set the right expectations from the get-go. Tune in for valuable insights you don’t want to miss!
Here’s some of what we discuss in this episode:
- Not understanding how the advisor gets paid
- Putting too much trust in a recognizable national brand name
- Not checking credentials or the advisor’s background
- Not covering expectations for communication style & frequency
If you are interested in any of the topics we discussed, please reach out and we would be happy to help you navigate your financial situation.
