ZARZA We are Zarza, the prestigious firm behind major projects in information technology.
Listen "Episode 28 - What To Look For In A Financial Planner"
Episode Synopsis
Summary
In this conversation, Mike and Amy discuss essential questions to consider when hiring a financial professional. They delve into fiduciary duty, fee models, investment philosophies, the importance of specialization, and the qualifications of financial advisors. The discussion emphasizes the need for clients to understand the advisor's approach, costs, and whether they feel a personal connection with the advisor.
Chapters
00:00 Understanding Fiduciary Duty
10:24 Exploring Fee Models in Financial Advisory
22:38 The Importance of Specialization in Financial Planning
30:31 Building Trust and Connection with Your Advisor
Takeaways
Fiduciary duty means putting the client's interests first.
Understanding fee models is crucial when hiring an advisor.
There are three main fee structures: commission-based, fee-only, and hybrid.
Active investment management involves frequent changes, while passive management tracks indices.
Investment philosophy should align with the client's expectations.
Specialization in financial planning can lead to better outcomes for clients.
Experience with specific client types enhances an advisor's effectiveness.
Qualifications and certifications vary among financial advisors.
Trust and personal connection with an advisor are essential for a successful relationship.
Clients should always check an advisor's disciplinary history.
Operation Retirement Readiness: www.operationretirementreadiness.com
Schedule a consultation with Mike: https://nextmissionfinancialplanning.com/contact/
Schedule a consultation with Amy: https://www.instarfp.com/contact
Disclaimer: This podcast represents the views of the hosts and any guests. It is for informational purposes only and should not be considered tax, financial, or legal advice. All information is regarded to be from reliable sources. The hosts are not responsible for any losses, damages, or liabilities that may arise from the use of this podcast. This podcast is not intended to replace professional, individualized advice.
In this conversation, Mike and Amy discuss essential questions to consider when hiring a financial professional. They delve into fiduciary duty, fee models, investment philosophies, the importance of specialization, and the qualifications of financial advisors. The discussion emphasizes the need for clients to understand the advisor's approach, costs, and whether they feel a personal connection with the advisor.
Chapters
00:00 Understanding Fiduciary Duty
10:24 Exploring Fee Models in Financial Advisory
22:38 The Importance of Specialization in Financial Planning
30:31 Building Trust and Connection with Your Advisor
Takeaways
Fiduciary duty means putting the client's interests first.
Understanding fee models is crucial when hiring an advisor.
There are three main fee structures: commission-based, fee-only, and hybrid.
Active investment management involves frequent changes, while passive management tracks indices.
Investment philosophy should align with the client's expectations.
Specialization in financial planning can lead to better outcomes for clients.
Experience with specific client types enhances an advisor's effectiveness.
Qualifications and certifications vary among financial advisors.
Trust and personal connection with an advisor are essential for a successful relationship.
Clients should always check an advisor's disciplinary history.
Operation Retirement Readiness: www.operationretirementreadiness.com
Schedule a consultation with Mike: https://nextmissionfinancialplanning.com/contact/
Schedule a consultation with Amy: https://www.instarfp.com/contact
Disclaimer: This podcast represents the views of the hosts and any guests. It is for informational purposes only and should not be considered tax, financial, or legal advice. All information is regarded to be from reliable sources. The hosts are not responsible for any losses, damages, or liabilities that may arise from the use of this podcast. This podcast is not intended to replace professional, individualized advice.
More episodes of the podcast Operation Retirement Readiness
Episode 39 - Hiatus Announcement
07/07/2025
Episode 37 - 529 Day
29/05/2025
Episode 36 - Getting to 70
15/05/2025
Episode 35 - VA Home Loans
01/05/2025
Episode 34 - Medicare/ TRICARE for Life
17/04/2025
In God we trust