YFP 313: 4 Reasons Your Financial Planner Should Manage Your Investments
Episode Summary
Financial planners often get a bad reputation because people either don\u2019t trust them or they feel like planners are a waste of time \u2014 they could be doing the job themselves. So on today\u2019s episode, sponsored by First Horizon, YFP\u2019s Co-founder & Director of Financial Planning, Tim Baker is here to discuss the four reasons why having a financial planner is crucial for managing your investments. From our conversation, you\u2019ll gain a better understanding of the type of accounts that a financial planner could manage on your behalf, what an Investment Policy Statement (IPS) is, and why it\u2019s vital for your financial plan. Then, we dive into the 4 reasons why, if it is the right fit, having a financial planner manage your investments is a good idea. Spoiler alert\u2026hiring a financial planner to beat the market didn\u2019t make the list!
Links Mentioned in Today's Episode
- \u2018What Issues Should I Consider When Reviewing My Investment\u2019\xa0
- \u2018YFP 275: How to Build a Retirement Paycheck\u2019\xa0
- \u2018YFP 213: 5 Investing Considerations for a Volatile Market\u2019\xa0
- Investing for Dummies
- YFP Planning: Fee-Only Financial Planning for Pharmacists
- YFP Disclaimer
- Tim Baker on LinkedIn
- Tim Baker on Twitter
- Tim Ulbrich on LinkedIn
- First Horizon\u2019s Pharmacist Home Loan
- Subscribe to the YFP Newsletter