Joe Soto here! The topic of today is the most important question that you have to ask your financial professional. Are you a fiduciary?

Now why is that relevant to you? To educate you and empower you, so that you understand the rules of the game before you get into the game.  That you trust but that you verify. 


So I have one takeaway, if you are working with a financial advisor, I want you to educate yourself on what exactly a fiduciary is. 


I’ll throw a little extra piece of information in there, less than 2 percent of all the financial advisors in the industry are fiduciary. 


Why is it that less than 2 percent of the financial advisors have a legal obligation to do what's in the best interest of the client? Ask you financial advisor “Are you a fiduciary?” 


The next one, if they tell you that they are fiduciary, get it in writing.


I have fiduciary oath on the wall in my office that I freely will provide to a client, a sign oath with a fiduciary commitment. 


So what I want you to take away is this one key piece of information,


These, my friends can save you hundreds of thousands of dollars in legal fees, expenses, conflicts of interest, headaches, inadequate advice, problems, disillusionment.


From an investment vehicle standpoint Wall Street is a great tool. It's one of the best tools to create wealth. So I want you to take advantage of the tool, I want you to use the tool, don't allow the tool to use you. 

Ver todos los episodios