Finding a ‘Fiduciary’ Planner in a Sea of Snakes

April 29, 2008

SnakesBeing a financial planner myself, I loved an article that The New York Times featured over the weekend, "Pick a Planner Who Can Spell ‘Fiduciary’". For those who don’t know me, let me assure you that while I might not be a great grammarian, I definitely know, understand, and can spell the word ‘fiduciary‘! ;-)

In all seriousness, the article touched upon some interesting thoughts that I often hear from prospective clients:

What, exactly, does a financial planner do? How is that different from the role played by a stockbroker or investment adviser? What might be the signs that I could benefit from hiring a planner? And, if I decide to engage one, how do I find a competent and reputable one? How will they charge me and what’s a reasonable fee for their work?

Check out the article and then listen to my thoughts about what it means to have a fiduciary responsibility, why most experts favor fee-based planners over those paid on commissions, how to vet out a planner’s certifications and credentials, and how to ensure your planner is looking out for your interests.


In today’s show, I also discuss the Lasik Surgery that I had last week. The procedure went very well and I can’t say enough positive things about my doctor, Dr. Alan Kozarsky, and his team at Piedmont Better Vision. While I wish Dr. Kozarsky was a client, I’m not working with him and he’s not compensating me for my praise. I just feel that exceptional service should be recognized.


Thanks again to all of you for your support and engagement. I love hearing from listeners so please leave comments here on the blog or reach me personally by email. If you particularly enjoy what I’m doing, please leave positive feedback for me on the Apple iTunes website. They watch for happy listeners and will feature shows that consistently get positive feedback.

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