Who's On Your Team?
Trevor and Josh discuss the complexities of managing personal finances, emphasizing the importance of collaboration, integration, and trust between clients and advisors.
Trevor and Josh discuss the complexities of managing personal finances, emphasizing the importance of collaboration, integration, and trust between clients and advisors.
This week's blogpost - https://bahnsen.co/3KS7Ng9
Financial Advice: Owner vs. Coach
In this episode of the Thoughts of Money podcast, host Trevor Cummings is joined by colleague Josh Klooz. They discuss the complexities of managing personal finances, emphasizing the importance of collaboration, integration, and trust between clients and advisors. Through analogies from football to cooking, they explore the roles of clients as either owners or coaches in their financial lives and the need for professional guidance. The episode covers topics like financial planning, the importance of customized advice, and how best to manage and delegate financial responsibilities to ensure alignment with personal life goals.
00:00 Introduction and Guest Welcome 01:04 The Love for College Football 03:34 Financial Planning: The Coach vs. Owner Analogy 05:31 The Importance of Collaboration in Financial Planning 07:39 Challenges of Do-It-Yourself Financial Management 10:38 The Role of Trust in Financial Advisory 19:13 Customized Financial Planning and Project Checklists 29:42 The Virtue of Giving and Leaving Well 30:33 Conclusion and Final Thoughts
Links mentioned in this episode:
Trevor is a Partner, Director of our Private Wealth Advisor Group, and Author of Thoughts on Money.
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