By Dr. James M. Dahle, WCI Founder
Many doctors and high-income professionals are unsure if they need a financial advisor. Even if they know they need one, they may be so afraid of hiring the wrong one that they end up doing nothing. In this post, we’ll explain everything you need to know to work with a financial advisor.
The term financial advisor is used so broadly that it is almost worthless. It has no legal meaning, and there is no required degree, certification, or license that you must have to call yourself a financial advisor. A person who calls themselves a financial advisor may do one or more of the following tasks:
Stock brokering Mutual fund sales Insurance sales Retirement plan sales Retirement plan design and implementation Financial planning Asset management Tax advice Student loan advice Financial coaching
They may also