Is the Customer Always Right?

When you work with a financial advisor, is the customer always right? What if your ideas don’t match? Who is really in charge when it comes to your money and your financial plan?
Share this episode with a friend:

Today’s Question:

When you work with a financial advisor, is the customer always right? What if your ideas don’t match? Who is really in charge when it comes to your money and your financial plan?

Click on the timestamps below to jump to specific topics. 

Confidence Corner

You’ve heard the phrase, “The customer’s always right!” The question is, is that a true statement when it comes to building your financial plan? Is that the attitude you should have when working with a financial advisor?

Consider the recent market volatility. Maybe you felt you needed to get out fast or maybe you decided instead to be more aggressive with your accounts. Having an advisor to talk it over with to give thoughts and suggestions allows for someone to guide you when you’re doing something that may hurt your plan or your goals.

If you don’t build something on purpose, your plan may lack direction or success. So, you may ask about investing in the latest trend or industry based on the market. But listening to your advisor may give you a better understanding on why or why not a given investment works. Remember, you are going to see them because of their knowledge and expertise in the financial world!

Lastly, make sure to keep your plan long enough for it to work the way it’s supposed to. If you are constantly changing your plan or switching investments, you will not be able to build upon a long-term success.

Listen to the full episode with the player above or click on the timestamps below to hear more on a specific segment.

0:42 – What’s open and what is still closed during the pandemic?

4:13 – A financial advisor’s job includes giving some pushback and feedback.

8:05 – You need to understand how each piece of your plan fits together.

9:41 – Know the difference between a good plan and gambling.

13:07 – When you work with an experienced professional, allow room to hear their advice.

14:41 – Carefully consider the details of various elements in your estate plan and insurance needs.

16:29 – You need to have long-term strategy instead of constant changes.

 

 

A Point Of Wisdom:

 

Related Content:

PODCAST: How to Set Financial and Retirement Goals

PODCAST: 5 Biggest Storylines of 2020: Will They Matter Financially? 

PODCAST: What Mistakes Do Bad Investors Make?

 

Additional Resources:

Schedule A Meeting

Download Your Retirement Rescue Toolkit – Learn More About Our Firm

 

Your Guide:

Nathan O’Bryant – Contact

Share this episode with a friend:

EXPLORE MORE EPISODES

Is Retirement Planning Harder Than It Used to Be? Part 1

We’ve all heard our parents or older generations say, “Well, back in my day…” Some things that were harder in the past have been eased with technology and other advances. But other things have become overcomplicated or more difficult. Today, we talk about the ways retirement planning has changed and potentially gotten more challenging than it used to be.

Listen Now »

The Power of Delayed Gratification

We’re living in a fast-food world, but sometimes it’s worth waiting for the good stuff. Making financial sacrifices can be hard, but today we talk about when the delayed gratification is worth it. From saving for your future to having what you need in retirement, you’ll want to be strategic about your money.

Listen Now »

Inheritance FAQ

More and more people are getting an inheritance these days. In today’s show, we answer some of the common questions people face when receiving, or planning on one day receiving, an inheritance.

Listen Now »

YOUR HOST

Nathan O’ Bryant is the founder of O’Bryant & Associates, Inc., a Registered Investment Advisory firm in the state of TN. He’s been helping people plan for retirement and their financial futures for more than 15 years.

The weekly podcast features discussion and excellent guidance on the important financial planning questions we all have. Whether it’s tax planning, retirement income, social security or the stock market, you’ll find that no topics are off limit on this show.

YOUR HOST

Nathan O’ Bryant is the founder of O’Bryant & Associates, Inc., a Registered Investment Advisory firm in the state of TN. He’s been helping people plan for retirement and their financial futures for more than 15 years.

The weekly podcast features discussion and excellent guidance on the important financial planning questions we all have. Whether it’s tax planning, retirement income, social security or the stock market, you’ll find that no topics are off limit on this show.

SUBSCRIBE