All financial advisors and planners are not created equal. In fact, there are some major differences.
After the 2008/2009 ‘Great Recession’, there became a much bigger distinction between advisors who are registered representatives at broker/dealer firms, and advisors who are independently Registered Investment Advisors.
In this episode, Stephanie talks about what it means to be an independent Registered Investment Advisor, as well as a fiduciary and fee-only Certified Financial Planner.
She outlines a number of qualities and credentials that you should look for when evaluating a financial advisor or planner in midlife, including how advisory fees are structured.
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