Sign up to save your podcasts
Or
Share Episode 198 - Why AI Can't Replace Your Financial Advisor: A Deep Dive with David Armstrong
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Episode 198 - Why AI Can't Replace Your Financial Advisor: A Deep Dive with David Armstrong
Welcome to the Shift with Elena Agar Podcast! In today’s episode, we’re diving into the world of wealth management and financial planning with Dave Armstrong, co-founder of Monument Wealth Management and host of the "Off the Wall" podcast. Dave brings a wealth of experience, from his early career as a U.S. Marine Corps officer to transitioning into the finance sector where he now guides clients through the complex landscape of financial health.
We'll explore the difference between financial advisors and wealth managers, discuss the evolving role of technology in financial advice, and outline key strategies for cash management and investment. Dave shares his candid, no-nonsense approach to financial management and emphasizes the importance of finding the right advisor who genuinely matches your needs. He’ll also touch on his podcasting journey, both as a marketing tool and a personal creative outlet, sharing insights on the industry's shift towards comprehensive financial advice.
Whether you’re just starting out in your financial journey or looking to optimize your wealth management strategy, this episode promises to deliver valuable insights.
Time stamps:
00:00 Passion for finance led to career change.
07:09 Critical of others' decisions; entrepreneurial motivation grew.
09:24 Prophetic, direct style: appreciated for honesty.
14:04 Determine money goals before choosing financial advisor.
15:23 Define financial goals for effective money management.
19:43 Managing wealth requires tailored financial advice.
24:19 Future uncertain; market corrections inevitable. Plan wisely.
26:35 Project cash needs; consider selling equity assets.
30:50 Invest in S&P 500 for diversified exposure.
34:15 Podcast started as a creative blog alternative.
37:21 "What is your financial planning process?"
38:49 Are they genuine advisors or just salespeople?
41:55 Fee compression stresses big wealth management firms.
Connect with David Armstrong on LinkedIn: https://www.linkedin.com/in/davidbarmstrong/
Website: https://monumentwealthmanagement.com/
Follow Elena:
LinkedIn: https://www.linkedin.com/in/elenaagaragimova/
Instagram: https://www.instagram.com/elenaagaragimova/
Listen on:
Apple: https://podcasts.apple.com/us/podcast/shift-with-elena-agar/id1530850914
Spotify: https://open.spotify.com/show/5UKh6dWcuQwJlmAOqD8wij
View all episodes
By Elena Agaragimova
5
2525 ratings
Welcome to the Shift with Elena Agar Podcast! In today’s episode, we’re diving into the world of wealth management and financial planning with Dave Armstrong, co-founder of Monument Wealth Management and host of the "Off the Wall" podcast. Dave brings a wealth of experience, from his early career as a U.S. Marine Corps officer to transitioning into the finance sector where he now guides clients through the complex landscape of financial health.
We'll explore the difference between financial advisors and wealth managers, discuss the evolving role of technology in financial advice, and outline key strategies for cash management and investment. Dave shares his candid, no-nonsense approach to financial management and emphasizes the importance of finding the right advisor who genuinely matches your needs. He’ll also touch on his podcasting journey, both as a marketing tool and a personal creative outlet, sharing insights on the industry's shift towards comprehensive financial advice.
Whether you’re just starting out in your financial journey or looking to optimize your wealth management strategy, this episode promises to deliver valuable insights.
Time stamps:
00:00 Passion for finance led to career change.
07:09 Critical of others' decisions; entrepreneurial motivation grew.
09:24 Prophetic, direct style: appreciated for honesty.
14:04 Determine money goals before choosing financial advisor.
15:23 Define financial goals for effective money management.
19:43 Managing wealth requires tailored financial advice.
24:19 Future uncertain; market corrections inevitable. Plan wisely.
26:35 Project cash needs; consider selling equity assets.
30:50 Invest in S&P 500 for diversified exposure.
34:15 Podcast started as a creative blog alternative.
37:21 "What is your financial planning process?"
38:49 Are they genuine advisors or just salespeople?
41:55 Fee compression stresses big wealth management firms.
Connect with David Armstrong on LinkedIn: https://www.linkedin.com/in/davidbarmstrong/
Website: https://monumentwealthmanagement.com/
Follow Elena:
LinkedIn: https://www.linkedin.com/in/elenaagaragimova/
Instagram: https://www.instagram.com/elenaagaragimova/
Listen on:
Apple: https://podcasts.apple.com/us/podcast/shift-with-elena-agar/id1530850914
Spotify: https://open.spotify.com/show/5UKh6dWcuQwJlmAOqD8wij