2020 Dec Ebook NewPDF

Secret #4
Advisors Use Cookie Cutter Solutions
Ok, so moving on to Secret number 4:
Advisors tend to give cookie cutter solutions.
They don’t have enough time to learn about you. They have an hour to meet with you
and that’s not enough time for your advisor to know everything about you in order to
create a financial plan that’s BEST for you.
Plus, Advisors are paid on the products you purchase and the money you transfer to
them and that’s it. They are definitely not rewarded if you succeed and they aren’t paid
to simply meet with you.
So, not only are they not always required to do what's in your best interest, they also
don’t have enough time to properly assess your situation in order to give you good
advice even if they wanted to.
Each client has specific needs and opportunities. For example, you may
have student loans and underfunded retirement accounts. Some of you may lack
confidence in financial matters and therefore neglect the task of financial planning all
together. You may not know how to budget your money or have clarity on where your
money is going. Depending on your circumstance, you also have different
opportunities to take advantage of strategies available to decrease your tax bill.
Your needs may not fit into the 5 or 6 model portfolios everyone else is boxed into.
Bottom line is you need someone that you trust, is a fiduciary, a CFP and has the time
to create a plan specific to your unique needs.
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