Sometimes, a picture or sketch is worth a thousand words… Katie and I have often noticed that very few investors understand the difference between working with a broker versus with a fiduciary, and the resulting consequences of the help (or lack thereof) they receive. This ‘Butchers versus Dietitians’ narrative explains the difference extremely well. The only claim we would change is, “you call your broker, and you’ve got $200k, what should I do with it?” Problem is, most investors are putting their entire savings and investments on the line with brokers, which means they are risking their financial survival and freedom later in life.
We at Financial Harvest Wealth Advisors are fiduciaries, not brokers. Are you getting help from a fiduciary, or being ‘sold’ by a broker?
