Certified Financial Planners: The Gold Standard

The Military Millionaire Podcast

Certified Financial Planner: A CFP is the creme de la creme of "financial advisors"

Summary:

In this episode, David Pere discusses the importance of choosing the right financial advisor and the potential pitfalls of working with the wrong one. He emphasizes the need to look for certified financial planners (CFPs) who have the necessary qualifications and expertise. He also explains the difference between fee-based and commission-based advisors and why fee-based advisors are generally more aligned with the client's best interests. David warns against financial advisors who try to sell products without considering the client's specific needs and goals. He concludes by offering recommendations for finding trustworthy financial advisors.

Takeaways:

Not all financial advisors have the client's best interests in mind, so it's important to choose wisely.
Certified financial planners (CFPs) are the most qualified and knowledgeable advisors.
Fee-based advisors are more likely to prioritize the client's needs, while commission-based advisors may be motivated by selling products.
Avoid advisors who try to sell products without considering your specific financial situation and goals.
Do thorough research and ask for recommendations to find trustworthy financial advisors.

Chapters:

00:00 Introduction: The Importance of Choosing the Right Financial Advisor
02:27 The Importance of Certified Financial Planners (CFPs)
03:22 Differentiating Between Fee-Based and Commission-Based Advisors
04:16 Beware of Advisors Who Push Products
09:09 Tips for Finding Trustworthy Financial Advisors
10:04 Recap and Conclusion

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My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: https://bit.ly/2Q3EvfE to the channel for more awesome videos!

THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR’S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.

Keywords:

financial advisors, financial planners, certified financial planner, fee-based advisors, commission-based advisors, choosing the right advisor