Financial Services for ADHDers

Episode 35 of the ADHD Money Talk podcast, hosted by David DeWitt, titled "Financial Services for ADHDers" was published on August 29, 2022 and runs 20 minutes.

August 29, 2022 ·20m · ADHD Money Talk

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Summary

As a CFP®, I’m often asked about my services - and what makes me different from others who provide financial coaching or advice. To begin, the term financial planner encompasses a pretty broad area. For example, some advisors: Work like an insurance company and sell insurance on commissionFee-based by selling other investment products like annuitiesFee-only planning as a flat fee for service renderedInvestment managers paid via a retainer feeThe fee-only option is what I do by providing finan...

Episode Description

As a CFP®, I’m often asked about my services - and what makes me different from others who provide financial coaching or advice.

To begin, the term financial planner encompasses a pretty broad area. For example, some advisors:

Work like an insurance company and sell insurance on commission
Fee-based by selling other investment products like annuities
Fee-only planning as a flat fee for service rendered
Investment managers paid via a retainer fee

The fee-only option is what I do by providing financial planning services.

I am a fiduciary, legally and ethically obligated to do what's in the client's best interest or best faith efforts toward doing what's in the client's best interest. I do not get paid commissions for selling products, and I don't sell insurance or annuities.

The Name Game

Anyone can call themselves a financial planner, financial advisor, or financial services professional, but you must be careful. There's always a risk that they're just an insurance salesperson and not doing any financial planning.

If you're considering working with a financial planner, check their certification history.

Be sure you're working with someone looking at their clients' entire financial landscape and advising them on how to achieve their short and long-term financial goals.

The Niche of Working with ADHD Clients

People with ADHD need more accountability, handholding, and frequent touch points. If we go cold for six months, we need someone knocking on our door. We want a planner who will say, okay, you're ignoring me. I'm coming to find you.

I try to keep my clients accountable. If you pay me and I do not hear from you, I will tell you that this may not be the best fit because I want progress for my clients.

I decided to work with people with ADHD because I understand the struggle and can help them bridge the gap between ADHD, financial chaos, and creating wealth.

It has to start with small achievable steps that feel attainable and are filled with accountability.

Here are the areas I can help you with: