Finding the Perfect Advisor, a Battle Over Words and VT vs. AVGE
About this episode
Paul Merriman discusses the value of honest financial planning and challenges traditional views on asset classes.
Paul returns from three days at the Garrett Planning Network retreat with a lesson that has almost nothing to do with investments — and everything to do with getting your money's worth from professional advice. Garrett advisors work by the hour, a business model Paul believes eliminates the conflicts of interest built into assets-under-management relationships. For $1,000 to $8,000, he's convinced most families can get extraordinary value from five to ten hours with a thoughtful, trained hourly planner. But there's a catch: the value of those hours depends almost entirely on your willingness to tell the truth. Inspired by a Seth Godin observation — people lie in focus groups, on surveys, and to themselves — Paul explains why the most valuable planning meeting isn't the one where you look financially successful. It's the one where you're completely honest. Paul and his wife are putting this to the test with an hourly planner of their own, and he'll report back in the weeks ahead. Next, Paul shares a private conversation with his longtime friend Rick Ferri, who challenged an idea Paul has taught for decades: that small cap value, large cap value, and international…
More episodes of Sound Investing
- Get Out While You Can or Stay the Course
- The Investing Myths That Cost a Fortune
- Paul and Chris Follow-Up: The Rick Ferri Small-Cap Value Debate
- Paul Merriman and Rick Ferri: A Conversation Decades in the Making
- Preparing for an upcoming debate with Rick Ferri: Total Market portfolios
- AVGV, Truth Tellers, AI and Finding Your Why
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