Do You Actually Have a Financial Advisor?

A statement that teachers and public employees will make quite frequently when discussing retirement or talking about their 403b or 457b is, “oh, I have a financial advisor” or “I have an investment guy.” However, what you may actually have is just a stock or mutual fund broker who is selling you a particular 403b or 457b product for a commission. It turns out that he or she may not be advising you on anything. But how would you even know?

In this video we are going to take a look and examine the difference between a financial professional who is a broker or agent for specific products and one who is an investment advisor and/or fiduciary. You will then be able to determine if your “advisor” is working for you or themselves. While the two jobs may seem quite similar to someone who does not work in the financial world, investment advisors and brokers or agents perform vastly different roles in the financial services field.

Want to be coached by us & be a part of our community?

**You MUST be an active or retired teacher or public employee to apply**

Want to learn more and see more lessons like this? Check out the P.E.R.T. Retirement Roadmap for Teachers & Public Employees. This is a comprehensive, simple, and easy-to-follow guide taking you from A to Z on how to get started and understand exactly what you need to know and do in order to prepare for retirement and be financially well! You'll get lifetime access to an entire community of teachers & public employees just like YOU, 7 modules of on-demand, e-learning content that will lead down the path to becoming financially well and prepared for retirement, and a host of other member benefits!

*The information contained on this channel, including any products or concepts mentioned, is for general educational and informational purposes only and should NOT be considered a recommendation, financial, tax, legal or investment advice. Always consult with your financial and/or tax professional.*

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In this video we are going to take a look and examine the difference between a financial professional who is a broker or agent for specific products and one who is an investment advisor and/or fiduciary. You will then be able to determine if your “advisor” is working for you or themselves. While the two jobs may seem quite similar to someone who does not work in the financial world, investment advisors and brokers or agents perform vastly different roles in the financial services field.

Want to be coached by us & be a part of our community?

**You MUST be an active or retired teacher or public employee to apply**