Lizzy and Lissa break down the hidden costs – financial and otherwise – of financial advisors. Working with a financial advisor can be a great way to advance your financial goals but they also come with fees. In this episode, Lizzy and Lissa share their experiences and thoughts on working with financial professionals.
Please keep in mind that this episode is informational and educational in nature and should not be misconstrued as financial advice. We are sharing our experiences to help educate, but you should consult a professional for guidance as needed.
Main Topics
00:00 Introduction
01:34 Running The Numbers Segment
07:20 Types of Financial Advisors
15:28 Our Personal Experiences
26:32 What Is Wealth Management?
26:50 Big Banks vs. Independent Firms
29:27 Navigating Financial Advisory Services
38:39 Benefits of Financial Advisors
44:55 Diversity in the Financial Industry
47:55 20 Cents Segment
References for Statistics
https://smartasset.com/advisor-resources/how-many-financial-advisors-in-the-us
https://www.sec.gov/newsroom/press-releases/2024-57
https://news.northwesternmutual.com/planning-and-progress-study-2023
Co-Hosts
Lizzy is a strategist, alternative investments expert, and a founding partner of Pursuit Funds. Follow Lizzy: Instagram | TikTok
Lissa is a personal finance expert and content creator. Follow Lissa: YouTube | Instagram |TikTok
Credits
► Produced by Lizzy Marie and Lissa Lumutenga
► Artwork by Lizzy Marie
► Music by Lissa Lumutenga, Net Net Podcast “Theme Song”
Talk to us
Hit us up, let us know what you think: IS IT WORTH IT? 💸
Disclaimer
This podcast is for educational, informational, and entertainment purposes only, and should not be constituted as financial advice or any other kind of professional advice. Views and opinions are our own, and Net Net Podcast does not serve as a substitute for personalized financial guidance tailored to your specific situation.
Remember to always do YOUR own research, consult a professional as needed, and feel empowered to make your own decisions!
