Andrea Thompson

I'm looking for opportunities like where are we having maybe duplication of investment strategies if you have two different portfolio managers?

Where are the highest fee items that I see?

Maybe you've got some high price mutual funds that you've had for 20 years that you're just not aware of that are possibly causing a drag in your overall investment returns of your portfolio.

So that's part of it.

The other part is always going back to education.

Do people even understand what their advisor is for or who they've hired and what they're doing and what their value proposition is?

Because one of the biggest disconnects that I see coming from where I am is that people do not understand the role of a financial advisor who manages money.

They don't understand it.

They think that for the most case, advisors are there to beat the market, to get outsized returns, and that's their role.

And I can't tell you how much coaching I've had to do with clients to tell them the true role of a financial advisor, which number one is to protect them from making bad decisions from an emotional place from themselves.

And number two, to manage their risk appropriately.

So, you know, I think often that education leads to decision making that perhaps that individual wouldn't have come to on their own.

You could say that or you could go the opposite way.

So I can see it from your stance, but I can also see it from this stance.

If you're an investment advisor and you really like just managing money, just do that really well.

You know, stay in a way, stay with what you're really good at and what you know.

Don't try to do all the things that you don't need or that you don't know how to do.

Because often what happens is when advisors overpromise,

Oh, yeah, of course we can do that.

Look, it's on our website.