Are financial advisors worth it?

Lizzy and Lissa break down the hidden costs – financial and otherwise – of financial advisors. Working with a financial advisor can be a great way to advance your financial goals but they also come with fees. In this episode, Lizzy and Lissa share their experiences and thoughts on working with financial professionals. Please keep in mind that this episode is informational and educational in nature and should not be misconstrued as financial advice. We are sharing our experiences to help educate, but you should consult a professional for guidance as needed. Main Topics 00:00 Introduction 01:34 Running The Numbers Segment 07:20 Types of Financial Advisors 15:28 Our Personal Experiences 26:32 What Is Wealth Management? 26:50 Big Banks vs. Independent Firms 29:27 Navigating Financial Advisory Services 38:39 Benefits of Financial Advisors 44:55 Diversity in the Financial Industry 47:55 20 Cents Segment References for Statistics https://smartasset.com/advisor-resources/how-many-financial-advisors-in-the-us https://www.sec.gov/newsroom/press-releases/2024-57 https://news.northwesternmutual.com/planning-and-progress-study-2023 https://www.prnewswire.com/news-releases/two-thirds-of-americans-say-their-financial-planning-needs-improvement-301881539.html Co-Hosts Lizzy Marie, CAIA, is a strategist, alternative investments expert, and a founding partner of Pursuit Funds. Follow Lizzy: Instagram | TikTok Lissa Lumutenga, CFP®, AFC®, is a personal finance expert and content creator. Follow Lissa: YouTube | Instagram | TikTok | LinkedIn Credits ► Produced by Lizzy Marie and Lissa Lumutenga ► Artwork by Lizzy Marie ► Music by Lissa Lumutenga, Net Net Podcast “Theme Song” Talk to us Hit us up, let us know what you think: IS IT WORTH IT? 💸 DM us on Instagram: @netnetpodcast Email us at [email protected] Disclaimer This podcast is for educational, informational, and entertainment purposes only, and should not be constituted as financial advice or any other kind of professional advice. Views and opinions are our own, and Net Net Podcast does not serve as a substitute for personalized financial guidance tailored to your specific situation. Remember to always do YOUR own research, consult a professional as needed, and feel empowered to make your own decisions!