In the medical world, it is routine to get a second opinion. The more serious the condition, the more likely a patient will seek a second opinion. Most doctors take no offense to this, nor should they. However, in the world of financial advisors, a second opinion is rare and some advisors are personally offended by it. It shouldn’t be any big deal to have one of your clients go pay for an hour or two of someone’s time to make sure you’re not doing anything too crazy with their money. Of course, I understand why it is a big deal since most clients that go for a second opinion never come back because most “advisors” aren’t giving good advice. If you’ve never had a second opinion, I highly recommend it and will discuss ways to get that second opinion on your financial plan.
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This episode is sponsored by Firstmetric, a low-cost investment advisory firm that provides investment planning and portfolio management services using index funds from Vanguard and Dimensional Fund Advisors; among others. Scott Salaske is the CEO of Firstmetric and host of the Seeking Wealth podcast. He has 20 years of experience helping physicians and other professionals make the switch to an indexing investment philosophy. To learn more about how Firstmetric can help you lower your investment fees and start using index funds visit their website at www.firstmetric.com.