Don’t Hire a Financial Advisor Until You Hear This - E1

Brady and Michael introduce themselves and share the vision for their new show, Financial Fortitude. They discuss their personal journeys into the financial industry, the importance of understanding personal motivations ('whys'), and how these elements drive their work with clients. The episode also explores the value of financial advisors, how to select the right one, key factors to consider, and the impact of life changes on financial planning. Key takeaways include the significance of disciplined financial habits, the role of behavioral finance, and the importance of establishing strong advisor-client relationships.

Key Takeaways:

• What do your financial advisor and therapist have in common?

• How does financial advice go beyond the spreadsheet?

• What does financial accountability look like? It’s not what you think

• What’re some life events that warrant reaching out to a financial advisor?

• Brady thinks you can grow a six pack and he’s probably right

Key Timestamps:

(00:00) - New Podcast, Who This?

(01:42) - Michael’s Why

(05:12) - Brady’s Why

(07:52) - Money Can Be Stressful, Here’s What to Do About It

(10:37) - What Does a Financial Advisor Do?

(12:57) - What is Financial Fortitude?

(14:47) - Define Your Financial Why with One Question

(16:37) - Your First Date with Your Financial Advisor

(19:23) - What Does Financial Accountability Look Like?

(23:20) - Understanding the Psychology Behind Financial Decisions

(25:00) - Why Hire a Financial Advisor?

(26:37) - Life Events that Warrant Working with an Advisor

(29:13) - Key Questions to Ask Your Financial Advisor

(32:55) - The Importance of Communication and Expectations

(39:39) - Why We Do What We Do

Key Topics Discussed:

Genesis Wealth Planning, Brady Hemmerle, Michael Acosta, financial wellness, financial psychology, financial advisor, student loan debt, Dave Ramsey

Mentions:

Website: https://www.genesiswealthplanning.com/

Michael’s LinkedIn: https://www.linkedin.com/in/michaelracosta/

Brady’s LinkedIn: https://www.linkedin.com/in/brady-hemmerle-cfp%C2%AE-75043013a/

This podcast is for informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice.  Guest speakers and their firms are not affiliated with or endorsed by PAS, Guardian, or (INSERT DBA or AGENCY NAME) and opinions stated are their own.  Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. All investments and investment strategies contain risk and may lose value. 

 

Michael Acosta is a Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). OSJ: 6115 PARK SOUTH DRIVE, SUITE 200, CHARLOTTE NC, 28210, 704-5528507. Securities products and advisory services offered through PAS, member FINRA, SIPC. Financial Representative of The Guardian Life Insurance Company of America® (Guardian), New York, NY. PAS is a wholly owned subsidiary of Guardian. (INSERT DBA or AGENCY NAME) is not an affiliate or subsidiary of PAS or Guardian. CA Insurance License # 0M50974. 7095145.2 Exp. 10-26