When Should You Hire a Financial Advisor? | Rational Reminder 313

When Should You Hire a Financial Advisor? | Rational Reminder 313

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Publish Date:
11 July, 2024
Category:
Financial Planning
Video License
Standard License
Imported From:
Youtube

Meet with PWL Capital: https://calendly.com/d/cpws-jyp-znp

Low-cost index funds and digital tools have revolutionized wealth-building, making it easier than ever before to manage your own investment portfolio. However, additional support and expert advice can be critical to help you reach your financial goals, especially when facing complex financial decisions, feeling overwhelmed, or deciding to change your investment strategy. Today on the Rational Reminder Podcast, we discuss when it makes sense to hire a full-service financial advisor, whether or not every investor needs one, and how professional guidance can enhance your financial outcomes. You’ll find out how delegating your financial decision-making can not only boost your wealth but also improve your wellbeing, increase your peace of mind, and mitigate the impact of cognitive decline on your financial decisions as you age, plus so much more. For valuable insights that could transform your financial future, tune in today!

Timestamps:

0:00:00 Intro
0:02:38 Main Topic: When Should You Hire A Financial Advisor?
0:38:23 Aftershow

Links From Today’s Episode:

Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582.
Rational Reminder Website — https://rationalreminder.ca/
Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/
Rational Reminder on X — https://x.com/RationalRemind
Rational Reminder on YouTube — https://www.youtube.com/channel/
Rational Reminder Email — [email protected]
Benjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/
Benjamin on X — https://x.com/benjaminwfelix
Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/
Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/
Cameron on X — https://x.com/CameronPassmore
Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/
Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgrathcfp/
Mark McGrath on X — https://x.com/MarkMcGrathCFP
‘Why Do Investors Hire Their Financial Advisor?’ — https://www.morningstar.com/financial-
advisors/why-do-investors-hire-their-financial-advisor
‘Why Do Investors Keep Their Financial Advisors Around?’ — https://www.morningstar.com/financial-advisors/why-do-investors-keep-their-financial-advisors-around
Center for Fiduciary Excellence (CEFEX) — https://www.cefex.org/

Papers From Today’s Episode:

‘Time Is Money: Rational Life Cycle Inertia and the Delegation of Investment Management’ — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2350785
‘The Use and Value of Financial Advice for Retirement Planning’ — https://www.pm-research.com/content/iijretire/7/3/46
‘Professional Financial Advice and Subjective Well-Being’ — https://www.researchgate.net/publication/359635224
‘Smoking Hot Portfolios? Overtrading from Self-Control Failure’ — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3347625