REJUVENAGING with Dr. Ron Kaiser is a podcast hosted by Dr. Ron,, a positive health psychologist, longevity coach, keynote speaker, and author. The podcast aims to help listeners lead enthusiastic lives every day. Dr. Ron invites guests who exemplify living with enthusiasm and who can assist in personal growth. In this episode, he welcomes Bradley Clark, the CEO and founder of Clark Asset Management, a financial advisory firm.
Bradley Clark is among the 3% of advisors who hold both the certified financial planner (CFP) and retirement income certified professional (RICP) designations. With a background in finance and consulting, He brings his expertise to the conversation. His book, Be the Bird, focuses on helping people to avoid the pitfalls of the wealth industry and protecting and enjoying assets for life.
The discussion centers around the financial well-being needed to pursue life goals, including retirement, with confidence. Bradley sheds light on the problems associated with prevailing compensation schemes in the financial advice industry. He emphasizes the conflicts of interest that arise from commission-based models and the newer trend of charging clients a percentage of their assets. Bradley advocates for a fee-for-service model, similar to how professionals like therapists or attorneys charge for their services.
The conversation delves into the need for the financial advisory industry to transform into a helping profession, prioritizing clients' best interests. Bradley explains that only about 1% of financial advisors follow a fee-only approach, charging clients by the hour, project, or retainer. The episode highlights the rarity of this approach and the importance of seeking out such advisors who reject the prevailing compensation schemes.
Overall, the episode aims to educate listeners about the importance of finding a financial advisor who prioritizes their clients' best interests, rejects traditional compensation models, and has the necessary expertise to navigate the complexities of retirement planning.
Connect with Bradley here:
https://www.facebook.com/bradleyclarkcfp
https://www.linkedin.com/in/bradleyclarkcfp/
Check Dr. Ron's Website:
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