A Physician’s Guide to Wealth - Financial Advisors Exposed: Fiduciary vs. Suitable Advisors: Know Who to Trust

Financial Residency

コンテンツは Dr. Tammy Crouse and Financial Residency Network によって提供されます。エピソード、グラフィック、ポッドキャストの説明を含むすべてのポッドキャストコンテンツは、Dr. Tammy Crouse and Financial Residency Network またはそのポッドキャストプラットフォームパートナーによって直接アップロードされ、提供されます。誰かがあなたの著作物をあなたの許可なく使用していると思われる場合は、ここで概説されているプロセスに従うことができますhttps://ja.player.fm/legal。

2M ago 17:42

MP3•エピソードのホーム

In this episode of "Life Well Lived: A Physician's Guide to Wealth," James Nutter takes a deep dive into the intricacies of selecting the right financial advisor for physicians. James emphasizes the importance of financial wellness and the impact of intentional financial planning in achieving a life well-lived. He revisits his Financial Wellness 101 series, urging listeners to engage thoroughly with the content to gain control over their financial situations.

James then introduces a new series, "Financial Advisors Exposed," where he critiques common financial advisory practices and highlights the critical steps physicians should consider when hiring a financial planning team. Throughout the episode, James unpacks the various types of financial advisors—transactional, reactive, and proactive—and guides listeners on determining which type aligns best with their financial goals.

Key Takeaways:

Understanding Advisor Types: Physicians should distinguish between transactional, reactive, and proactive advisors to select the best fit for their financial needs.
Licenses and Standards: Important to verify an advisor's qualifications, ensuring they hold appropriate licenses and adhere to a fiduciary standard.
Fee Structures: Awareness of how advisors charge—whether through fees, commissions, or a hybrid model—is crucial for making cost-effective decisions.
Comprehensive Services: Deciding whether you need a money manager or a comprehensive financial planner to address all aspects of financial well-being.
Communication and Accessibility: Ensure that the advisor’s communication style and availability align with your expectations for timely and efficient financial advice.

Resources

PSLF Hacks Checklist

Follow James Nutter

Book a free financial wellness diagnostic with James here

Instagram

Follow IM Wealth

Gain FREE immediate access to all of IM Wealth’s exclusive physician financial wellness resources here

www.imwealth.com

Youtube

Meaningful Journeys Scholarship

Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.

1024 つのエピソード

#Trading #Fellowship #Finance #Financialplanning #Investing #Medical #Money #Whitecoat #Careers #Personal Finances #Lifestyle #Dr. Tammy Crouse #Financial Residency Network #Business #Budget #Doctor Who #Physicians #Residents