Chapter
Choosing the Right Financial Advisor for Investment
1:29:17 - 1:38:50 (09:33)
In order to get the best investment vehicles, one needs to avoid financial advisors who own their own products and are paid on investments. It is important that the financial advisor acts in their client's best interests all the time and is obligated to do so legally.
Clips
In the United States, many financial advisors are not legally required to act in their client's best interest, unlike doctors, lawyers, and CPAs who have a fiduciary obligation to do so.
1:29:17 - 1:31:13 (01:56)
Summary
In the United States, many financial advisors are not legally required to act in their client's best interest, unlike doctors, lawyers, and CPAs who have a fiduciary obligation to do so. Listeners are advised to be aware of red flags and bad advice that may come from non-fiduciary financial advisors.
ChapterChoosing the Right Financial Advisor for Investment
Episode#356: Peter Mallouk — Exploring the Worlds of Investing, Assets, and Quality of Life
PodcastThe Tim Ferriss Show
Choosing the right financial advisor can be challenging, and it's crucial to watch out for potential red flags.
1:31:13 - 1:34:34 (03:20)
Summary
Choosing the right financial advisor can be challenging, and it's crucial to watch out for potential red flags. Look out for advisors who own their own products or get paid differently on different investments, as this can result in a conflict of interest.
ChapterChoosing the Right Financial Advisor for Investment
Episode#356: Peter Mallouk — Exploring the Worlds of Investing, Assets, and Quality of Life
PodcastThe Tim Ferriss Show
Setting criteria for charitable giving can help simplify the process for clients and reduce the burden of tax forms and evaluations of every charity.
1:34:34 - 1:38:50 (04:16)
Summary
Setting criteria for charitable giving can help simplify the process for clients and reduce the burden of tax forms and evaluations of every charity. By prioritizing their values and narrowing their options, clients are better equipped to make decisions regarding their charitable contributions.