Episode 82: Money, Misinformation, and Memes: Social Media Manipulation

In this podcast episode, host Kevin Thompson and guest Dr. Preston Cherry delve into the complexities of the financial planning industry. They discuss the influence of social media, distinguishing between the roles of financial coaching and advising, and the importance of ethical standards. The conversation also covers the challenges posed by misinformation online and the necessity for financial professionals to educate and guide clients effectively. Regulatory issues are explored, with emphasis on the need for clear definitions and protections for the term "financial planner." Finally, they consider the role of technology in enhancing client relationships while maintaining a personal touch in financial advising.Social Media Impacts (00:00:00)Financial Coaching Value (00:08:16) .Regulatory Clarity (00:12:31) .Technology in Financial Advising (00:17:21)Building trust and maintaining strong client relationships (00:22:47)The role of financial advisors and social media (00:27:03) Follow Us Below-(Y)- https://www.youtube.com/channel/UCw9yLfTDBAprrLWvmcT6fFA(F)- https://www.facebook.com/MLB2CFP(X)-https://x.com/MLB2CFP(IG)-https://www.instagram.com/mlb2cfp/(w)- https://www.9icapitalgroup.com/