Managing other people’s money is a delicate position — a lot of things can go wrong.

Do you ever think about the people who actually MANAGE the taxes you pay to your government? Do you know how to choose the right financial advisor, and how to tell if they’re legit or not?

As an entrepreneur, I always wanted to dive into the unique “fiduciary industry,” which includes financial advisors, financial planners and the like. (Specific to the USA.)

Today I interview Chad Willardson, the Founder and President of Pacific Capital — an independent financial advisory firm based in California. What’s especially interesting about Chad is that he not only manages money for high net-worth individuals but also his city’s entire portfolio of $400M (yes, 400 million USD).

As usual, being the best business podcast in the world, I bring to you the most insightful discussion of the subject available anywhere:

• Strange truths about managing $400M of taxpayer’s money for the government in America