Many times people see just the dollars and cents side of money, but there is so much more behind each person’s money script. You have certain beliefs and ideas about your money for a variety of different reasons. In today’s Money Checkup, I chat with fellow Certified Financial Planner®, Mary Beth Storjohann on some of the questions we see quite often when it comes to money and hiring a financial planner to navigate money issues. We dive into what to look for in a CFP®, questions you should be asking your potential financial planner and more! Tune in and learn how to determine which financial planner is the right FIT for you.
Mary Beth Storjohann, CFP® works as an author, speaker, and financial coach to apply a fun, albeit no-nonsense approach in working with individuals and couples across the country, helping them make smart, educated choices with their money. She is the Founder of Workable Wealth, a platform that provides financial education and empowerment to those in their 20s – 50s, and is the Chief Marketing Officer at Abacus Wealth Partners, a fee-only, independent firm that is a change-maker in the financial planning world with a focus on diversity and inclusion, impact & socially responsible investing, and making financial planning accessible.
What We Will Cover
- Questions that come up around hiring a financial planner
- Barriers people put up for not hiring a financial planner
- How to address the emotional side of money
- How a financial planner can provide a safe space to talk about your money
- Important items to look for when searching for a financial planner
- Fiduciary explained and why your financial advisor should be in this category
- Fee-only versus fee-based financial planners
- A few things to consider when finding the right fit for your financial planner
- How comfort and the ability to relate can be crucial for picking your financial planner
- Why your financial planner shouldn’t be afraid to have the tough conversations with you
- Why you may not get the sample plan you ask for when interviewing a financial planner
- The questions you SHOULD be asking instead
- The peace of mind a financial planner can bring to your life
- The fees discussed and the value that you get
- Why fees will be different when comparing financial planners
- Different options to pay your financial planner to make it work best for you
- The challenges and pitfalls you might run into down the “do it yourself” route
Getting Connected With Mary Beth
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