Tom Cock and Don McDonald record a daily podcast Talking Real Money) and a 2 hour radio show on KNWN) (previously KOMO) each Saturday afternoon from 12 to 2. Last Saturday Don was taking a day off and Tom asked me to join him. While I was in their studio I asked Tom to join me for a discussion about the challenges of educating investors as well as giving some advice to those interested in building a career as a financial advisor. Here are a few of the topics we discussed:
How to teach investors to develop realistic expectations for risk and return
Best advice for first time investors
Major changes in the financial planning industry
How advisors bill for investments under management and those "held away”
Robo advisory services
Advice to young and older adults who want to get into the financial planning industry
Working with Tom is always fun!
