Retirement planning: What to know about financial advisors

In this episode of Decoding Retirement, America’s definitive voice on retirement, Robert 'Bob' Powell speaks with Michael Kitces, Buckingham Wealth Partners Head of Planning Strategy and Reeya Patel, University of Florida Wealth Management Student about the world of financial advisors. The two offer unique points of view on how current trends, and biases, advancing technology, and more impact financial advisors and their clients. Should you trust AI for personal finance information? Find out in our special segment, Ask Bob, where Bob answers the most common retirement and investing questions from our listeners. Retirement planning doesn’t mean locking up your money for a rainy day and forgetting about it. Planning your future means reacting to events today. Decoding Retirement gives you the tools to navigate the years ahead, and take action now! Each week, Robert 'Bob' Powell will dissect the big headlines, decode key themes, and unpack the possible domino effect for your money. When it comes to retirement planning, Robert Powell and Yahoo Finance will not let you fall behind! Find this episode and more episodes of Decoding Retirement at https://finance.yahoo.com/videos/series/decoding-retirement. Thoughts? Questions? Fan mail? Email us at [email protected]. :45 - How tech impacts financial advisors and their clients 4:30 - The importance of personally catered advice 6:00 - Understanding the crisis of differentiation in the financial advisor space 8:40 - Decoding financial advisor fees 13:50 - Lessons from the CFP program 15:50 - Entering the workforce as a financial advisor 20:35 - Understanding behavioral biases Yahoo Finance's Decoding Retirement is hosted by Robert Powell, and produced by Zach Faulds. Robert Powell holds several prominent positions within the financial industry. He serves as the editor-in-chief of the Investments and Wealth Institute's (IWI) Retirement Management Journal, the world's first peer-reviewed journal solely dedicated to retirement income. He also hosts the Exceptional Advisor podcast by IWI. Powell is both a Certified Financial Planner® and Retirement Management Adviser® certificant. Michael E. Kitces, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASL, is the Head of Planning Strategy for Buckingham Wealth Partners, a private wealth management firm located in St Louis, Missouri, that oversees approximately $50 billion of client assets. In addition, he is the co-founder of the XY Planning Network, AdvicePay, fpPathfinder, and New Planner Recruiting, former practitioner editor of the Journal of Financial Planning, and the publisher of the e-newsletter The Kitces Report and the popular financial planning industry blog Nerd’s Eye View through his website www.Kitces.com, dedicated to advancing knowledge in financial planning. Reeya Patel is a 4th year wealth management student at the University of Florida. She is currently working to earn her CFP certification. Learn more about your ad choices. Visit megaphone.fm/adchoices

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