The Cost of Financial Advice: Should You Pay For It and If You Do, How Much Should You Pay For It? (EP.20)

Welcome to The Rational Reminder Podcast. On today's episode we are going to roll out our new format for the show. We ended off our previous show format with a series of interviews, and today we are ready to jump into something new! Of course, we definitely don't plan on doing that perfectly today because we do have a couple of things that we want to talk about before we make it official. The meat of the episode will be focused on discussing the cost of financial advice. Should you pay for it, how should you pay for it, and how much should you pay for it? On top of that, we are going to be discussing the performance of the markets, controlling the things you do have control over, being a DIY investor, and how to strategically choose where you get your investment advice from. It's genuine and it's out there, so keep listening to hear more! Key Points From This Episode: Performance of the markets - should you invest. [0:03:25.0] Having control over your asset allocation. [0:05:0] The use of robo advisors. [0:07:21.0] What should we be paying for advisors. [0:10:40.0] Service delivery - is the outcome positive for the client and the advisor. [0:13:49.0] How we use a tier fee structure at PWL. [0:16:17.0] Benjamin shares about the event he went to last week. [0:17:03.0] Who should you be getting your advice from - does licensed matter. [0:21:14.0] Being a DIY investor. [0:23:34.0] The key takeaway. [0:28:21.0] And much more! For more information or to contact Cameron and Ben, visit pwlcapital.com