Smart financial planners hire their own financial planners

If you learned that your financial planner had their own financial planner, would you be concerned?

Would you see it as a confession of incompetence or a sign of confidence and wisdom?

Years ago when, I told my clients that I had a financial planner, their reactions fell into both categories. Those concerned about my competence responded much like the client who asked me, “Should I be worried?” The opposite response was typified by another client who said, “That’s a pretty strong endorsement of your profession, that you think so highly of your services you seek them out from a peer.”

Taking it a step further, I would be very concerned if my financial planner didn’t have their own planner. Research shows that financial planning results in increased emotional and financial well-being, even for clients who are planners themselves.

Leave a Reply

Your email address will not be published.