After a quick recap of last week’s show and a brief discussion of private investments (private equity, private credit, real assets and hedge funds ), Mike discusses questions you should ask your financial advisor or any financial advisor you are thinking about hiring:
What is their continuity plan? What happens to your money if something were to happen to that advisor?
What designations (CFP® professional, CPA, CFA®, CRPC®, etc.) does the person have and what exactly do those letters mean?
How is the advisor paid? How do you pay the fees? What are the fees?
How well do they know taxes?
What regulatory agencies are they under?
He also mentions a few external sources where you can check out advisor credentials.
Though Mike Miller is an employee of Ronald Blue Trust, Talking Money® represents his individual views, and not those of his employer or any other sponsor of the program. During the program, Mike may discuss market trends as well as specific financial planning techniques and investment ideas. These discussions are for general information only and are not intended to provide specific advice or recommendations to any individual or organization. Work with your attorney, or accounting, or investment professional for specific individual advice and services. Any securities or investment products discussed on Talking Money® are not insured by the FDIC, are not a deposit or other obligation of or guaranteed by any bank, and are subject to investment risk, including possible loss of principal amount invested. Some shows contain time sensitive material that should not be relied upon without verifying.
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