In episode 49 of Building Wealthy Habits, Laura and Jeremiah Lee discuss the essential considerations for clients seeking a financial advisor. They explore the importance of understanding the advisor’s services, fee structures, and the role they will play in the client’s financial journey. The conversation emphasizes the significance of building trust, the value of credentials, and the need for alignment in investment philosophy and tax strategies. Ultimately, they encourage listeners to evaluate multiple advisors to find the best fit for their unique needs.
Key Takeaways:
Clients should prepare questions before meeting with a financial advisor.
Understanding the services offered by an advisor is crucial.
Fee structures can vary significantly among financial advisors.
The role of a financial advisor can range from a coach to a trusted partner.
Building trust with an advisor takes time and patience.
Credentials like CFP can indicate a higher level of expertise.
Investment philosophy should align with the client’s goals and values.
Clients should feel comfortable asking about the advisor’s experience.
Evaluating multiple advisors can lead to better decision-making.
Clear communication about expectations is key to a successful advisor relationship.
Reach out at [email protected]
Connect with Jeremiah:
LinkedIn: https://www.linkedin.com/in/jeremiahjlee/
Email: Jeremiah@tricordadvisors.com
Connect with Laura:
LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/
Email: [email protected]
Connect with Randy:
LinkedIn: https://www.linkedin.com/in/rkbarkley/
Email: Randy@tricordadv.com
This content is developed from sources believed to be providing accurate information. The information provided is not written or intended as tax or legal advice and may not be relied on for purposes of avoiding any Federal tax penalties. Individuals are encouraged to seek advice from their own tax or legal counsel. Individuals involved in the estate planning process should work with an estate planning team, including their own personal legal or tax counsel. Neither the information presented nor any opinion expressed constitutes a representation by us of a specific investment or the purchase or sale of any securities. Asset allocation and diversification do not ensure a profit or protect against loss in declining markets. This material was developed and produced by Advisor Websites to provide information on a topic that may be of interest.