The Wealth Equation

Coach vs. Financial Advisor

Episode Summary

What is the difference between an investment coach and a financial advisor? It's one of the most common questions I get, and in today's episode, I'm breaking down the differences in how decisions are made, how portfolios are built, and why and how incentives actually drive behavior in any industry—and exactly how that relates to your money.

Episode Notes

What is the difference between an investment coach and a financial advisor?

It's one of the most common questions I get, and in today's episode, I'm breaking down the differences in how decisions are made, how portfolios are built, and why and how incentives actually drive behavior in any industry—and exactly how that relates to your money.

Tune in to learn:

• The difference between how and who is responsible for the decision-making when working with an investment coach versus a financial advisor.
• The differences in how a coach versus an advisor approaches building a portfolio, and why and how incentives actually drive behavior.
• How the compensation structures differ and why, plus what being a fiduciary actually means and the impact of it.