A Physician’s Guide to Wealth - Dirty Little Secrets of Financial Advisors REVEALED

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.

In this episode of "A Life Well Lived: A Physician's Guide to Wealth," James Nutter discusses the importance of hiring a financial planner and the different standards that financial advisors are held to.

He emphasizes the fiduciary standard, which requires advisors to act in the best interests of their clients, and contrasts it with the suitability standard, which allows advisors to prioritize their own interests.

Nutter also explains the key licenses and certifications that fiduciary financial advisors should hold. Tune in to learn how to choose the right financial advisor for your needs.

       

Timestamp

Summary

0:07

Unveiling Financial Advisors' Confidential Earnings and Practices

1:16

How to Decide Whether to be a DIY or Hire a Financial Planner

4:37

Understanding Fiduciary Standards in Financial Planning

10:57

Comparing Fiduciary and Suitability Standards in Advice

12:25

Verifying Financial Advisors' Credentials Through BrokerCheck

13:48

Understanding Fiduciary Financial Advisor Licenses and Certifications

19:43

Choosing the Right Financial Advisory Path

Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.