Feb 7, 2020
Working with a financial advisor is an important decision and one that you shouldn’t make without careful consideration. Whether you’re about to take that step or already have an existing relationship you want to re-evaluate, there are a few red flags that you should always be on the lookout for and we’ll share three of them on this episode.
Read more and get additional resources: https://johnsonbrunetti.com/financial-advisor-red-flags/
On today's show:
0:38 – Getting to Know Joel: What’s your favorite fast food restaurant?
1:48 – Netflix stock is up 8500% over the past 10 years and has been amazing for investors. But with the landscape becoming more competitive, how should we approach investing in this industry right now?
4:28 – For most of our clients, it’s not about huge gains. It’s about managing the money you have in your portfolio and keep you protected in a downturn.
5:03 – Along these same lines, let’s talk about red flags to recognize from a financial advisor.
5:27 – Red flag #1: An advisor with a long resume with a lot of different stops during their career. Why should you pay attention to this?
6:42 – You can research brokers using Broker Check.
6:57 – Red flag #2: The one size fits all approach. How do you know if that’s happening to you?
8:39 – There should be more time spent getting to know you during the introductory period.
10:06 – Red flag #3: You don’t hear much from the advisor. Maybe a newsletter or an email every now and then.
12:23 – Quote of the week
13:50 – Financial Dictionary: What does JTWROS mean?
14:58 – Time to do some problem-solving with Joel’s help.
15:35 – How have you helped someone who was forced into early retirement?
17:18 – How do you help someone that really hates their job and wants to retire as quickly as possible?
18:20 – How do you help someone with a tax issue?