Episode 80 - Misconceptions of Fee-only Advisors with Joe Beckford

  Рет қаралды 5

Goodwin Investment Advisory

Goodwin Investment Advisory

Күн бұрын

In this podcast episode, host Tim Goodwin and guest Joe Beckford (affectionately called "Beckforth") discuss the role and benefits of fee-only financial advisors, addressing common misconceptions. Joe, a senior advisor at Goodwin Investment Advisory, explains that fee-only advisors are compensated solely by client fees, without commissions from third-party products. They delve into the three primary compensation models: Asset Under Management (AUM), which charges a percentage of managed assets; flat fees, which involve fixed payments; and hourly fees, billed for specific advice or services. Goodwin Investment Advisory prefers the AUM model as it aligns client and advisor interests, incentivizing portfolio growth while providing comprehensive financial planning, tax strategies, and risk management.
The discussion highlights that fee-only advisors are not inherently more expensive but focus on long-term value by minimizing fees, maximizing returns, and reducing financial anxiety. Transparency is a cornerstone of the firm's approach, with no commissions accepted since its founding, and clients are encouraged to ask about compensation and review credentials, complaints, and testimonials when selecting an advisor. The episode wraps up with a reflection on the meaningful relationships built through ongoing client engagement and a note of gratitude, emphasizing the importance of trust and collaboration in financial planning.

Пікірлер
Episode 79 - End of the Year Planning Guide with Justin Pitcock
37:04
Goodwin Investment Advisory
Рет қаралды 15
Simon Sinek's Advice Will Leave You SPEECHLESS 2.0 (MUST WATCH)
20:43
Alpha Leaders
Рет қаралды 2,1 МЛН
Wednesday VS Enid: Who is The Best Mommy? #shorts
0:14
Troom Oki Toki
Рет қаралды 50 МЛН
I'VE MADE A CUTE FLYING LOLLIPOP FOR MY KID #SHORTS
0:48
A Plus School
Рет қаралды 20 МЛН
Their Boat Engine Fell Off
0:13
Newsflare
Рет қаралды 15 МЛН
How your investment fees REALLY work.
27:19
Nick Davis, CFP®
Рет қаралды 517
Chadwick Boseman's Howard University 2018 Commencement Speech
34:41
Howard University
Рет қаралды 3 МЛН
Ultimate Credit Card MasterClass for FREE | Ep 40
1:26:21
Finance With Sharan
Рет қаралды 744 М.
Wednesday VS Enid: Who is The Best Mommy? #shorts
0:14
Troom Oki Toki
Рет қаралды 50 МЛН