Retirement Talk Podcast Episode

107. How to Find An Unbiased Independent Advisor

June 3, 2022
What Should You Look for When Working with a New Advisor?

With 2022 starting out with a lot of volatility, a lot of people are rethinking their portfolio approach. Maybe you are ready for a new advisor or perhaps you are reaching out to a professional for the first time. In any case, how do we go about finding unbiased and independent advisors in such a large industry? On today’s episode, we’ll discuss some of the key components a balanced and competent advisor should have. 

Retirement planning is about a lot more than investment performance. Through the years we’ve identified 6 key areas of risk when it comes to retirement planning and you need to have an interconnected plan that addresses those risks, as we do through the Redefining Wealth Process. It’s important to seek out an advisor that is transparent about the process they follow, their professional designations and responsibilities, and how they are paid. At the end of the day, you’ll want an experienced advisor that cares about you and your financial goals.

Further reading mentioned in today’s show: https://www.thebalance.com/are-independent-financial-advisors-unbiased-2388432

Rate, Review and Subscribe to the Podcast:
https://podcasts.apple.com/us/podcast/retirement-talk-podcast-with-laura-stover/id571347188

How to Connect:

redefiningwealth.info

lswealthmanagement.com

Schedule a Review: https://redefiningwealth.info/schedule/

Timestamps (show notes):

2:48 – Solely focused on investment performance 

5:44 – Transparency about how they are paid 

11:26 – Questions to ask your new advisor 

13:52 – Breaking down the hourly model 

18:03 – Why do you need a guide?

20:35 – Top things to look for in a new advisor

Listen & Subscribe

Latest Retirement Talk Podcast Episodes

175. What Clients (Actually) Value Most in a Financial Advisor

175. What Clients (Actually) Value Most in a Financial Advisor

In this episode of Retirement Talk: The Redefining Wealth Show, Laura Stover, RFC® and Michael Wallin, CFP® delve into what clients value most in a financial advisor. The importance of effective communication between clients and advisors and the need for a...

174. What is an Annuity and When Is It A Smart Investment?

174. What is an Annuity and When Is It A Smart Investment?

Today, Laura Stover, RFC® and Michael Wallin, CFP® discuss the importance of planning for retirement income and the role of annuities in retirement planning. They start by emphasizing the significance of having a solid plan in place, especially in the face of economic...

171. Are You Making These 5 Common Portfolio Mistakes?

171. Are You Making These 5 Common Portfolio Mistakes?

  Investors often underestimate the risk in their portfolio.  Today,  Laura Stover, RFC® and Michael Wallin, CFP® break down 5 common portfolio mistakes, as outlined by Christine Benz in Morningstar.  They are portfolio sprawl, when your assets often overlap and...

170. Retirement Risks

170. Retirement Risks

 Retirement planning involves mitigating risk and understanding the various risks that retirees face. Laura Stover and Michael Wallin break down these risks today, including reduced earnings capacity, visible spending constraint, heightened investment risk, unknown...