Business:Investing
Don't Let Your Parents Get Hosed By Their Advisor with Daniel Wrenne
Today, we delve into a crucial topic that concerns many of us with aging parents and their financial well-being. Daniel Wrenne here, and in this episode, we're sharing a real-life case study that uncovers potential pitfalls in managing a family's wealth, especially when cognitive decline becomes a factor.
In this eye-opening episode, we discuss the story of Josh and Mary (not their real names), a couple with substantial assets managed by an advisor. As Josh's parents age, he becomes increasingly concerned about the transparency and efficiency of their financial strategy. The situation takes a turn for the worse after the passing of Josh's mother, leaving his father to manage their complex financial portfolio.
Join us as we dissect the red flags and inefficiencies we discovered in their financial setup. From excessive cash in an IRA to high advisory fees on non-performing assets, we uncover the hidden costs that could be draining your parents' wealth without their knowledge.
Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here.
P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.
More Episodes
2022-03-10
2022-03-03
2022-02-24
2022-02-17
2022-02-03
2022-01-27
2022-01-20
2022-01-13
2021-12-16
2021-11-25
2021-11-11
Get this podcast on your
phone, FREE
