Josh Scandlen Podcast

Financial Planning Vs. Investment Management; There IS a Difference!

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Linked below is a good article you should read, especially if you’re considering hiring a financial advisor. But I don’t think it actually goes far enough in examining the fees for service financial advisors charge. Some firms/advisors charge low fees and offer “comprehensive financial planning”.   Other firms charge higher fees and also offer “comprehensive financial planning.” Which should YOU go with? Well, if both firms are offering the same advice, it would make sense to go with the lower cost, right? Well, is the lower cost firm actually offering “comprehensive financial planning?” That’d be like a mechanic saying he’s going to maintain your vehicle for you for a fee, but what he really only does is oil change and rotate the tires.   A different mechanic though also says he will maintain your vehicle for you but he does true full service, belts, brakes, alignments, spark plugs, filters, engine maintenance, truly the whole thing…but, of course, he charges a MUCH higher fee. However if