Ep 25: Advisor vs. Planner - What’s the Difference?
The financial world is filled with a lot of terms that can make it difficult for many people to navigate. On this show, we'll be discussing the differences between an advisor and a planner. We hope that this can help clear up any confusion you may have had with these two terms.
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In this episode:
[3:08] What is the difference between a broker and a fiduciary?
[5:07] What are tasks that might differ between the position of a financial planner and a financial advisor?
[7:44] The importance of goal setting and targeting in financial planning.
[9:12] The importance of the psychology in financial planning.
[10:24] Uncertainty = reality. There is a need for wisdom and critical thinking in that uncertainty.
[12:09] You need someone to tell you when it might not be okay.