🎙️ Do you know what it really means to be a fiduciary? And how that mindset can transform the way financial planning is done? Click to find out why this perspective is essential for building financial peace of mind!
In this episode of Legacy Leaders, Stan and Katie Beth sit down with James Alexander, a Certified Financial Planner and Partner at Edge Financial Advisors. Together, they explore the role of fiduciary responsibility in financial advising and its impact on creating meaningful legacies, sharing valuable insights and practical tips for listeners. James draws from his extensive experience to discuss the mindset shift that fiduciary advisors embrace, the emotional side of money management, and why legacy planning matters, offering actionable advice for families and individuals planning for their financial future. This episode is a must-listen for anyone who wants to build a secure and intentional financial future, providing both knowledge and tools to navigate this important subject.
Key Takeaways:
● 💡 Fiduciary Mindset: James explains how being a fiduciary changes the advisor-client relationship, aligning interests and building trust.
● ♟️ Chess Strategies in Finance: Drawing from his love of chess, James shares how strategic thinking applies directly to financial planning.
● 🧠 Emotional vs. Logical Conversations: Learn how understanding clients’ fears and emotions is crucial to creating effective plans.
● 🏡 Legacy in Real Time: James emphasizes the importance of giving and sharing financial gifts sooner rather than later—watching the impact unfold.
● 📈 Navigating Volatile Markets: Get insights on how to stay calm and focused during market uncertainty by zooming out and sticking to the plan.
Quotes from James Alexander:
“My job is to move different pieces of the puzzle based on what I’m hearing my clients say—to solve for their needs and win their financial game.”
“I want them to see me as their financial quarterback and not just their money manager.”
“The impact you can make while you’re alive is massive—it’s about seeing your family thrive and creating memories, not just numbers on a screen.”