Doug and Amberly discuss the ins & outs of when to consider using a financial advisor. They explore the pros & cons of working with advisors, fee structures, the importance of fiduciary responsibility, how to avoid bad financial advice, and complexities of DIY financial management. They share personal stories and experiences to illustrate the discussion, including Doug’s past mistakes with an advisor and Amberly’s insights from hosting financial discussions & events.
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**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won’t even make such a claim. You shouldn’t take the info as financial, legal, or tax advice. We aren’t certified financial planners or advisors. We’re not qualified for much. So get advice from professionals.**
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0:00 Introduction
3:27 Definition of financial advisors
9:14 Fees
16:22 Two hats
22:13 Sleep issues
27:35 Pros of working with financial advisors
38:12 Cons of working with financial advisors
44:27 When a financial advisor is useful
53:20 When DIY might be better
57:25 FinTalks Cruise
1:03:47 Soundcheck – Laid back with rules
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