Preview Mode Links will not work in preview mode

Financial Residency

Dec 29, 2023

This episode is sponsored by Freed.AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart!

Today, Daniel addresses concerns about product-based financial advisors, distinguishing them from investment-focused advisors. He explains that product-based advisors primarily aim to sell financial products such as disability or life insurance, earning commissions from manufacturers. 

Daniel emphasizes the inherent conflicts of interest in this model, as advisors are incentivized to sell more products. He warns against the common practice of pressuring clients to buy and highlights the potential lack of objective advice in such setups. 

Additionally, Daniel cautions against combined product and investment-focused advisors, labeling them as problematic due to compounded conflicts of interest. He encourages awareness and careful consideration when working with financial advisors.


Contact Finance for Physicians
Finance for Physicians
To schedule a call with one of our awesome planners, book HERE.