Unreasonable Requests to Financial Advisors

What kind of unreasonable requests do financial advisors hear? Have you ever uttered one of these phrases? Nathan talks through what is and isn’t possible when it comes to financial planning.
Share this episode with a friend:

Today’s Question:

Have you ever asked one of these unreasonable requests to your advisor? What’s so wrong about these questions?

Click on the timestamps below to jump to specific topics. 

Confidence Corner

What kind of unreasonable requests do financial advisors hear? Have you ever uttered one of these phrases? Nathan talks through what is and isn’t possible when it comes to financial planning.

You may be tempted to say, “I want a bigger return without the risk.” Instead, realize that investments come with risk. Understand what your timeline is and what kind of risk you can handle. Be disciplined, diversify, look at your expected returns and standard deviations to get the returns you want and need.

Do you wish your advisor had lower or no fees? Think about what your advisor provides for that management fee. You want someone who can actively manage your accounts and work alongside you throughout the year. More than portfolio advice, you want to work off of a financial plan.

When it comes to taxes, you’ll always have to pay them. There are strategies you can implement though. What strategies do you have in place? Are you aware of the taxes you will pay and when?

While your financial advisor is there to guide you, you shouldn’t expect them to just do it all for you. You have to be a part of making the plan and making the decisions. It’s customized to your situation and your goals, so you can’t have a plan without being a part of the process. What do you want to do with your future?

Listen to the entire episode or click on the timestamps below to skip to a particular request.

1:48 – “I want a bigger return with little or no risk.”

5:18 – “Can you reduce your fees?”

9:10 – “How can I get out of paying taxes?”   

11:47 – “Can you just do it for me?”

15:07 – What does participation look like when financial planning?

 

A Point Of Wisdom:

You’ve got to be disciplined; you can’t be changing things around all the time. You’ve got to diversify it right, look at your expected returns, look at your standard deviation. All of those things will help you.

-Nathan O’Bryant

 

 

Related Content:

PODCAST: A 2020 Election Conversation

PODCAST: Is the Customer Always Right?

 

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

Discussing Dave Ramsey’s Advice

Radio talk show host turned TikTok user, Dave Ramsey, is known for doling out financial advice to a wide audience. Today, we talk through some quotes from Ramsey to see what Nathan thinks as a financial advisor. Be it investing from a place of knowledge to relying on delayed gratification to make decisions, there’s a lot we can learn from him. Ultimately though, you have to have a strategy and a plan that works for you in order to meet your financial goals. Working with a qualified financial professional to create that plan will be better than simply generic advice for the masses.

Listen Now »

The Future of Retirement in America

When we look toward the future, what’s ahead? Whether you take more of an optimistic or pessimistic view of things, it’s important to know what to expect. We talk about what Americans may face when it comes to retiring in the years ahead.

Listen Now »

Bashing the Roth?

In a shocking turn of events, we’re going to spend some time bashing the Roth today. Inspired by an article we found on Yahoo Finance, Nathan shares his thoughts on a Roth. Is it really the right thing for you? Instead of basing your decisions on some one-size-fits-all financial advice, it’s important to consider your unique and personal financial situation.

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