Episode 90: Defining the different types of Financial Professionals and the custody of your assets

In this episode, we begin our arc on becoming an informed consumer of Financial Advice. Alex brings in Ryan Walter, our actual Compliance Attorney for McLean Asset Management and Retirement Researcher, to discuss some of the most salient issues you will face when considering the use of a financial professional. In this episode, we answer: 

• What are the differences between advisors? 
• What are their business models and what standard are they beholden to?
• Is fiduciary an actual thing or is it a term that has lost its meaning due to marketing? 
• Who would hold your assets in an advisory relationship? Is it the advisor or is it an independent custodian?

Listen now to learn more!

 

Links

Download the free resource, 'Three Flavors of Financial Advisors' by clicking here: https://retirementresearcher.com/download-3-flavors

If you are an individual consumer and would like to be directed to our sister firm McLean Asset Management you can get in touch at: https://www.mcleanam.com/start/

Join the FREE 4-day Retirement Income Challenge for Consumers on August 21st-24th by registering now at risaprofile.com/podcast