How is Financial Advice Like Medical Care? - #5 General Practitioners and Specialists

For better or worse, modern medicine and financial markets are both big businesses these days.?

Your physical and financial health are two of the most critical aspects of your life, so great care and attention are paramount.

This is the last of 5 short articles explaining the similarities between financial advice, and the guidance given by your trusted physician. Thank you for reading!

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There are general practitioners, and there are specialists.?

A good family doctor takes time to get to know you, ask the right questions, and run the necessary tests to diagnose and treat your illness.? He or she typically does not perform surgery or administer anesthesia.? Similarly, competent advisors understand their limitations and recognize their role in helping you achieve the best possible outcome.

If your financial advisor is focused on helping you prepare for retirement, and also is a "stock picker," perhaps you should take a step back. Even fund managers who have a team of MBAs and sophisticated technology often underperform a basket of index funds, so should you expect your local advisor to do any better?

The best advisors diagnose, treat, and prescribe the best recommendation for your family's financial future. They usually do not pick stocks, do your taxes, or draw up your estate planning documents.

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You deserve an advisor who takes the time to get to know you and your family.?You deserve an advisor who makes decisions with you, not for you.?To schedule an introductory 15-minute call or virtual meeting,?click here.?To request a fee analysis, please?click here.