𝗜𝗻 𝘁𝗼𝗱𝗮𝘆'𝘀 𝗲𝗽𝗶𝘀𝗼𝗱𝗲: 𝗜𝘀 𝘆𝗼𝘂𝗿 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗮𝗱𝘃𝗶𝘀𝗼𝗿 𝘄𝗼𝗿𝗸𝗶𝗻𝗴 𝗮𝗴𝗮𝗶𝗻𝘀𝘁 𝘆𝗼𝘂?

Date:

Thursday, May 19th 2022

Domain:

BUSINESS

Life lesson:

There are many great advisors out there but investors need to look past the marketing and focus on the systems

Core idea:

Context it's incredibly important for investors. Understanding the systems will give you better understanding of the results.

Fact #1: THE LIST

Before hiring a financial advisor you should have a list of questions prepared.

The questions need to be specific.

The questions need to be tailored around your needs.

The questions are designed to weed out advisors that work in broken systems.

Broken systems are those that don't put the clients interest first.

Fact #2: TWO MASTERS

Investors need to understand l their organization systems and where the financial advisor sits in that process.

You can't serve two masters.

Conflicts arrive when there are two masters.

Most systems are geared towards serving two masters.

Many sales pitches are created to create the illusion that the client comes first.

Fact #3: PART OF SYSTEM OR SYSTEM CREATOR

How many clients does the financial advisor serve?

No systems many clients it's a recipe for disaster.

Being a nice guy is not enough.

Being a friend of a friend is no enough.

Investors should know that the system promotes advisors that acclimate to corporate systems not system creators.

Fact #4: NOT FIRST COULD MEAN LAST

Investors should know that systems are one of advisor's biggest challenges.

A system will force an advisor to comply or create their own system.

An advisor that complies to a mixture of current systems is common.

What you don't want is an advisor that puts corporate goals above your own.

Navigating the industry is difficult to decipher because of marketing.