Does it Benefit You to Have Multiple Financial Advisors

We’ve been trained to believe that more is better but is that always true in the financial world? Having more than one advisor might seem like a great way to diversify your portfolio, but can it end up doing you more harm than good? This episode focuses on that topic to help you decide what will benefit you the most. To read more about this topic and see the show notes, click here. ----more---- Want to save a little time? Click on the timestamp below to skip ahead to a specific topic: 2:17 – INTRODUCING TODAY’S TOPIC AND WHY IT’S IMPORTANT 3:21 – WHY IS MULTIPLE ADVISORS THE WRONG WAY TO GO? 4:25 – ESTABLISHING PROPER DIVERSIFICATION IN YOUR PORTFOLIO 7:10 – HOW AND WHEN TO REBALANCE YOUR PORTFOLIO           9:44 – SPREADING YOUR INVESTMENTS MIGHT EVEN BE COSTING YOU MONEY 12:26 – WHAT ABOUT YOUR MOST PRECIOUS ASSET: YOUR TIME? 14:20 – THE INSTITUTIONAL MODEL AND WHY YOU SHOULD CONSIDER IT 15:40 – SO YOU’VE DECIDED TO GO WITH ONE ADVISOR, NOW HOW DO YOU SELECT THAT PERSON?