October 20, 2025 • 31 mins
Compelling Reasons You Need a Financial Advisor
This week, Jeff Perry sits in for Chris Boyd and is joined by co-host Russ Ball, both part of the AMR
team at Wealth Enhancement Group. Inspired by Christine Benz’s Morningstar article, “Why I Have a
Financial Planner,” Jeff shares his personal journey from DIY financial planning to becoming a client and eventually a team member of the AMR Team. Together, Jeff and Russ explore the value of getting a second opinion on major financial decisions, the importance of stress-testing your retirement plan, and the different compensation models in the financial advisory world. They also offer practical advice on how to evaluate a financial advisor, including the three essential questions every investor should ask. Whether you are managing your own finances or considering professional guidance, this episode offers insights that could help you uncover blind spots and make more confident decisions about your financial future.
#FinancialPlanning #WealthManagement #JeffPerry #RussBall #ChristineBenz #FinancialPlan
#ChrisBoyd #WealthEnhancementGroup #Preparedness #FamilyFinance #FinancialAdvisor
To read Christine Benz’ article, click the link below:
https://www.morningstar.com/personal-finance/why-i-have-financial-planner
For more information or to reach TEAM AMR, click the following link:
https://www.wealthenhancement.com/s/advisor-teams/amr
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
Welcome to something more with Chris Boyd.
Chris Boyd is a certified financial planner, practitioner,
and senior vice president financial advisor at Wealth
Enhancement Group, one of the nation's largest registered
investment advisors.
We call it something more because we'd like
to talk not only about those important dollar
and cents issues, but also the quality of
life issues that make the money matters matter.
(00:22):
Here he is, your fulfillment facilitator, your partner
in prosperity, advising clients on Cape Cod and
across the country.
Here's your host, Jay Christopher Boyd.
Hello, and welcome to another episode of something
more with Chris Boyd.
I'm Jeff Perry.
I'm sitting in this week for Chris and
I have with me my co-host Russ
(00:42):
Ball.
We're both of the AMR team of Wealth
Enhancement Group.
I'm in Florida.
Russ is on Cape Cod in Massachusetts.
It was funny because I sent you an
article that Christine Benz from Morningstar wrote.
I'm a big fan of hers, by the
way, and I found out that you're a
big fan of hers.
I said, what do you think about this
subject?
You said, I just read this.
(01:04):
We're on the same page with Christine Benz
and the stuff that she writes.
Did you read her recent book, How to
Retire, 20 Lessons for a Happy, Successful, and
Wealthy Retirement?
I'm about halfway through it.
It's good.
It's good.
It's all over the place because it's a
compilation of- Separate interviews with different people
(01:25):
and experts in the field.
Honestly, I thought it was really good from
what I've read of it.
Some of the interviews she has there with
people we've had on the show before, even
recently.
She definitely has a wealth of knowledge and
really good about sharing that.
We must subscribe to the same email.
We must.
A newsletter or something.
(01:46):
I think AI figures you out.
Everything Arthur Brooks writes or says, I click.
Everything Christine Benz writes or says, I click.
Jeremy Siegel.
When you click these things enough, they feed
them to you.
Christine Benz is in that category for me
of something that I think she's...
(02:08):
I guess the best thing I like about
her, and she's been on the show before
too, she's objective.
I don't feel like she's talking up a
book.
I feel like she's giving it as she
sees it based upon her vast experience with
Morningstar and the financial planning world.
That's what I like.
I hope people think that about us, that
the show is objective.
We're not trying to sell any certain product
(02:30):
or promote any certain service.
We're just here to give you our best
thoughts on given issues.
Sometimes you agree with us, sometimes you don't,
I'm sure.
But I try to be objective.
I know you do, and I know Chris
has been doing it for 18 years.
I think that's one of the most important
things that people should demand of their information.
(02:52):
So much information out there today, however you
want to say that, whether it's old media,
newspapers, if there are any left, the news
on TV, and then all the cheerleading from
both political parties, so much of the news
is biased towards a product, a political agenda,
(03:16):
a service, whatever it is.
So I try to demand of the things
that I'm going to follow that it's not
biased.
We definitely are going to have our leanings,
our opinions on certain things, but definitely using
this as a more of an educational platform
and keeping people that listen and clients up
(03:36):
to date on our thoughts and what's going
on out in the world.
So hopefully we're aligned with Christine Benz in
that regard.
This article, which we'll get into, so we're
building her up, but she deserves it.
But we're building up, and the point is
we're building her up, meaning we have a
great deal of respect for her.
She's been in this industry for decades, financial
(03:57):
services, financial planning, writing about it, talking about
it, teaching others about it.
And the article is why I, meaning Christine
Benz, has a financial planner.
So it gets you thinking like, ah, she
doesn't need a financial planner.
Right.
She writes about it all the time.
She knows more than most anyone about personal
(04:19):
finance and retirement.
That's right.
Why would she need a financial planner?
But if you think about it, and I'm
a retired lawyer, if I have a legal
issue, which I hope I don't have any,
but if I have a legal issue, I'm
a fool to represent myself, the old saying.
If a physician has a medical issue, you
(04:39):
wouldn't think that they'd, I mean, they might
know everything about the issue, but they're going
to go to their doctor.
They have a doctor and so on.
We could keep listing professions.
Why wouldn't a financial advisor turn to, maybe
not every day, but turn to a financial
(05:00):
planner advisor about their own plan.
Right.
Absolutely.
Yeah.
So she wrote this article.
It's on Morningstar.
I'll put it in the show notes of
people.
It's not very long, but if people want
to read it and she has five reasons
why, and there's more, maybe we'll go off
on tangents.
It's entirely possible that we do that.
But the number one reason is also my
(05:22):
number one reason.
It's what I did.
Number one reason is she says we wanted
a second opinion on a few important decisions.
I knew Chris Boyd.
I knew the AMR team, the company at
that time, but I was handling everything myself.
And I was thinking of retiring from my
full-time public service job with the sheriff's
(05:45):
department, sheriff's office.
And I had a plan and I was
like, yeah, I think it's good.
Me.
Yeah.
Right.
Chris is a community person as a friend,
if you will.
And I said to my wife, Lisa, I
said, let's go in and meet with Chris
and get a second opinion.
(06:05):
I think that's a lot of people come
to us looking for that second opinion.
And just, you know, you could be as
confident as possible and you could feel like
you've read up on it, you know what
you're doing, but sometimes just getting that seal
of approval or thoughts from another professional really
helps give you that sense that, okay, I
either I am on the right track or
(06:26):
maybe I was a little bit off.
I wasn't thinking about this in quite the
right way.
They'll help you find your blind spots.
I think that's very well said.
Help you find your blind spots because so
many people who DIY their financial plan are
about a number.
Yep.
You know, they can do math.
I know what they spend, especially the detailed
(06:47):
people, which many people are.
I, I am, I was, I had, I
had my plan, my numbers.
I knew about inflation.
You know, I thought about those things, but
when I had my meeting with Chris, I
was like, oh, yeah, you know, that's, that
makes sense to think about it that way.
And he, you know, he put a rubber
stamp on my plan that I'm going to
(07:07):
be okay.
But he also gave me a lot of
insights from his experience that made me think
like, I should think, think about that.
I should focus on that.
I should have a, I should have a
strategy towards that, or, you know, maybe I'm
taking too much risk because I've had a
high risk tolerance.
So ultimately I became a client and ultimately
became a member of the team.
(07:30):
But you're right.
People getting a second opinion is really important.
It's just like a doctor, you know, they
might know that they have a problem, but
it makes sense not to self-diagnose.
It's go get a second opinion.
Yeah, exactly.
And in Christine Ben's case, she was, she,
you know, she said she was handling her
(07:50):
investments herself or her and her husband were
and currently are, but there were specific questions
that she had that she thought a financial
planner could help with.
And that's, again, that's a lot of people
come in looking for the answer to one
specific question or maybe a couple specific questions
and thinking, oh, well, you know, I have
(08:11):
X amount in the bank.
I'd like to get that working for me
a little bit harder.
They'll come in and they'll think, well, here's
my problem.
Give me a solution.
And we want to be able to do
that as fiduciaries to be able to give
the entire picture, that entire context.
How does that all fit together?
(08:33):
It's not just about one problem.
Here's your one solution.
Let's see how everything works dynamically and together.
So yeah.
Yeah.
And, you know, one of the biggest benefits
that I receive personally and that I hope
I provide to our clients along with the
(08:53):
rest of the team is to give them
those projections that have some testing.
It's not just, you know, a spreadsheet.
Well, here's how much money you're going to
have.
Here's how much money you're going to take.
But testing a financial plan against things that,
you know, when you're 60 years old and
thinking of retiring that you're not quite zoned
in on the what ifs of life and
(09:14):
the bigger goals, you know, what do you
want to do?
Whether that's travel, whether that's be generous, whether
that's help family, you know, buy a second
house, move, relocate, whatever it is, or long
-term care, you know, negative things that could
happen, premature death, pension options, when to take
Social Security, all these things that, you know,
you know about, you might have thought about
(09:36):
them or heard about them or read an
article about them.
But when you test your own plan against
these things that may or may not happen,
it's super insightful.
And it can either give you a confidence
to know that you are making the right
decision to retire and the type of lifestyle,
or it can create a pause and say,
okay, I need to deal with that before
I, you know, pull the plug on my
(09:57):
earnings year, right?
So second opinion on those important decisions is
a good reason to have a financial advisor.
The second reason she mentioned was, we found
a business model that makes sense for our
situation.
Yeah, so different advisors will work it with
(10:19):
under different models.
So we're talking compensation models, basically, compensation models,
that's right.
Some firms like Wealth Enhancement, use a managed
assets as the base for, you know, we're
the investment advisor, we're comprehensive financial planning is
part of that package, I guess you could
say.
(10:40):
So we handle the investment management side, but
we also look at how everything fits together.
You know, what should we do about Social
Security?
What should we do about buying this house
down the road?
So it's kind of a combination.
Then there are other advisors that work on
an hourly, you know, basis.
And I think we can certainly, you know,
(11:02):
our team does that too, time to time.
So whether it's for a specific situation, or
on an hourly, like a routine, like a
monthly type thing, there are different models out
there for financial planners.
There are and so I love to give
this advice.
Sorry, you're going to hear it again.
(11:22):
You've heard it before.
Whoever you work with in the financial services
sector, now I'm going to make that really
broad, because a lot of, you know, there's
no regulation on the term financial advisor or
financial planner, like so some people who, in
my opinion, are not broad based, holistic financial
planners might use that term, right.
(11:43):
And so I mean, if you're certified financial
planner, that's a designation that you have to
earn.
And you know, everyone can't use that.
But sometimes people involved in insurance industries might
be presented as a financial advisor.
And so whoever you work with in the
financial services world, I want you to ask
them three questions.
(12:04):
One is, are you a fiduciary, you mentioned
that word.
And that's a legal, moral and ethical standard
that you as the advisor will work in
the best interest of the client.
You don't, so you're not selling them a
certain product, because you're paid a commission that
is higher than other products.
You're not promoting something that you get kickbacks
(12:26):
for, without disclosing it.
Your advice is about what is best for
this client, and not just what might be
suitable for a client, or something that maybe
it's the only product that you sell.
There are financial services companies under certain company
names that they're only going to recommend things
(12:47):
that have their title on it, their specific
brand, if you will.
So are you a fiduciary is number one.
Number two is how are you compensated?
We've just touched on this.
The key isn't so much, I mean, you
might prefer a different model as a consumer,
which is your right to do so.
The key is can that advisor that you're
(13:07):
about to engage easily explain within a minute
how you're compensated?
Because if not, if it's like, oh, it
depends, and here's a 42 page pamphlet that
explains it, they should very easily be able
to explain to you how you're compensated.
And number three is where are your assets,
(13:28):
where are your investments, where are your accounts
held?
And to me, I think your assets should
be held at a third party custodian.
So for example, how do we do it?
So we're your financial advisors, wealth enhancement group,
we're going to give you advice, we're going
to give you a financial plan, we're going
to meet with you, we're going to get
to know you.
And then say you have an IRA that
(13:50):
you want to bring for us to manage
for you.
We're going to manage that, you're going to
understand that, but that IRA isn't going to
be held by us in our office, it's
going to be held at a third party
custodian, in our case, Schwab or Fidelity, for
example.
So if you get mad at us, if
you want to fire us, if we ghost
(14:10):
you, you know, all these things that don't
happen often, certainly not to us, you can
just go to Fidelity in this case, if
that's where the funds are at and say,
you know, I want to move my funds,
I don't like this advisor anymore, I'm not
as happy with their service or whatever the
situation is.
So are you a fiduciary?
(14:31):
How are you compensated?
And where are my assets being held?
I think is a foundational three questions if
you're thinking about working with an advisor or
if you're working with an advisor and you
don't know those questions, that's even worse, right?
If you're working with somebody, you don't know
the answers, but I think are appropriate to
ask them and if they can't answer them
quickly, succinctly and to your satisfaction, you know,
(14:53):
might be time for a different advisor.
Totally agree.
One comment, not to be long-winded, which
I can be, on this number two business
model, I like the asset under management approach,
you pay a certain fee, you know, one
company out there, one of our competitors say,
we make more money when you make more
(15:13):
money, that kind of thing, your assets go
up, our fee goes up.
I like that because it doesn't detract you
from using the full breadth of services of
a financial advisor.
If you have, if you agree to an
hourly format, and it's time for an annual
review, it's time, you have a question like,
oh, we find the second house, how does
(15:34):
it impact my financial plan?
And these things take time.
Some consumers will be hesitant to engage in
seeking advice if they're being charged hourly.
If you're just paying the fee based upon
your assets, our clients are encouraged to reach
out to us and it doesn't cost them
(15:55):
more if they reach out to us and
say, I'm thinking about long-term care, can
we discuss some options?
Do I still need my life insurance?
When should I take Social Security?
And the list is endless and things that
people ask us.
Yeah, I think the, and the amount that,
there are studies out there that show this
over time, the amount that can be saved
by having that advice over time and not
(16:18):
just a one-off kind of conversation.
Because the fact is, your life is changing,
hitting different milestones.
Your finances are going to be different from
one year to the next, potentially, especially as
you get closer to retirement.
What does that look like when you start
moving out of a 401k and your target
date fund or whatever it might be?
(16:39):
So yeah, having the model that we work
by, I think it's, I like to think
of it as having an advisor and retainer
where you can give them a call, email,
if decisions come up, if things come up,
you don't have to worry, oh, well, I
have to write this check, I have to
set up this one-hour meeting and hope
I can get everything in in the one
hour, that kind of thing.
(16:59):
Yeah, exactly.
And then when you get in the context
of developing a financial plan, which we do
for our clients, that can be multiple hours
and people, it's part of our service we
give to them.
I encourage them to take advantage of spending
the time on it, but they're spending the
time, which is a resource, but they don't
have to write that extra check, which is
(17:20):
the model of some other people.
So number three of the reasons that this
financial advisor has a financial advisor, it gave
us an impetus to get and stay organized.
Anything about that, Russ?
Well, I think that's huge.
There's so many things that are vying for
(17:42):
our attention out in the world, family, your
job, things outside of work, whatever it might
be.
Finances are not always top of mind, and
if they are, maybe they are for a
week and then they're not again for another
couple of years.
Like tax season.
Right, exactly.
Like tax season or you start thinking about
(18:03):
retirement and you go on a deep dive
and you do a lot of research, but
then it kind of fizzles off because the
fact is there are just a lot of
things in life that need your attention.
So the idea of working with a financial
planner to get organized, especially those advisors that
start with a financial plan, because Christine Benz
also referenced that in her article.
(18:25):
She didn't think she was going to have
a financial plan when she started, but as
part of the process, that's what they developed
with her and they created a framework, a
model to reference over time.
It's not like set it and forget it
type of model.
Financial plan is dynamic and things are changing
and as things change, you could use that
as your organizing guideline for how essentially the
(18:50):
rest of your life might look from a
financial lens.
Yeah, absolutely.
And it's so critical to have a written
financial plan that you can review for a
lot of reasons.
First, you touched on it, but for the
rest of your life, you have a base
financial plan, you meet at least once a
year with your advisor, hopefully more, but at
(19:11):
least once a year, like if we don't
hear from you, we're going to harass you
almost to meet with us and go over
the plan because we get the opportunity to
say, has anything changed?
And it may be something small, but it
might be something substantial to your financial plan
and life events, things change, there's illnesses, there's
(19:31):
retirement, there's social security, there's the desire to
give away money or help family and all
these things by having a plan, an advisor
who wrote the plan with you and understand
you and knows you can understand what you
want to do or what your fears are
or what concerns or goals and test that,
(19:53):
let's use the idea of a gift, rather
than just answer a random question is, can
I afford to pay for my granddaughter's wedding
for $40,000?
And just, oh yeah, that sounds like a
good idea, you know, some random answer off
the cuff, you can put it into the
model, if spending an extra $40,000 in
this given year, how does it affect your
(20:13):
long term projections?
How does it affect your goals, your cash
flows?
And it's so easy to do when you
have that financial plan in place already.
Yeah.
On the point of getting organized as well,
I think that's really key.
I use a budgeting app or like a
(20:33):
money tracking app for my day to day
finances.
And I get these ads on social media
telling me, oh, you could save X amount
of dollars by using this app.
And I thought about it, I'm like, I
probably have saved a lot of money just
by getting my finances organized.
By knowing, right?
Yeah, by knowing and by tracking and by
seeing, all right, well, like, maybe I could
(20:53):
cut here, maybe I could cut there, or
here are things I could do differently.
Same principle applies to working with an advisor.
It's like, once you start getting that ball
in motion, sometimes your finances is something you
don't want to think about.
It's that scary thing in the closet that
you don't want to confront.
But once you start, we see it with
a lot of clients where they weren't particularly
organized with their finances when they came in.
(21:15):
But when they start, they get their estate
plan ready to go.
They get their investments in order.
They have one central place to see what
their net worth is and their assets.
And it helps you create more goals and
visualize how these things look over time.
So I think that is sort of a
hidden benefit of working with advisors, getting organized
(21:37):
and having that really benefit your life moving
forward in terms of your finances.
Yeah, exactly.
Number four on the list of why this
financial advisor has a financial advisor is we
love having a succession plan.
Yeah, I mean, a succession plan, and I
(21:58):
think in this sense, she was talking about
succession plan for her and her husband's wife
and their finances.
So if anything were to happen to one
or both of them, it could be cognitive
decline or some terrible accident, God forbid.
There's one central place where her loved ones,
her family members can go and get answers.
(22:21):
And she mentioned that this planning firm that
she worked with had a lot of the
information.
They weren't necessarily managing her assets, but they
had the information linked to her accounts.
So they would be the ones who had
all the answers.
And having that peace of mind is beneficial.
A lot of clients come meet with us
(22:41):
and they want to have that succession plan
in place.
If something were to happen, oftentimes it's the
husband that's been managing the finances, could be
the wife.
And they're like, well, what's my husband going
to do?
Or what's my wife going to do when
I'm not able to do this anymore?
If I'm not able to manage the finances,
I want to have some kind of plan
in place for them to know who to
(23:02):
go to and know who to trust.
Yeah, it's super important.
And from time to time, every family is
different.
So this general statement isn't meant to be
for everyone.
But from time to time, the client will
want to bring their family into their financial
planning sessions.
Usually the goal isn't to disclose where every
(23:24):
dollar is and certainly not disclose spending.
And sometimes they want to, but most of
the time it's not.
It's just to explain to the people who
are going to take care of them if
they need it.
And for the heirs, this is why this
is set up.
This is my intentions.
This is what I'd like to happen if
you say the power to your health care
(23:46):
proxy or executive or successor trustee is doing
work on our behalf because we need you
to.
This is the format and this is who
to go to.
And so meeting that meeting the financial planner
as a family can add some great benefit
to when it's time for that successor to
(24:07):
step in.
Yeah.
Yeah, absolutely.
The last thing that Christine Benz noted about
why she has a financial advisor is my
favorite.
And it's, it's something that I didn't realize
existed in the financial planning world and that
clients would struggle with this.
But number five is a third party.
(24:28):
The financial advisor can help give us permission
to spend.
And I'm surprised that the number of clients,
the number of people that I serve who
are, their financial plan is solid, right?
Not all of them.
Their financial plan is solid and they are
living a life that is significantly below financially.
(24:54):
And that's just not mean spending.
That could be an emotional one too.
Where they are able to, they worked a
long time, they were diligent savers.
They had a budget.
They were responsible with their spending.
They made good choices.
They have pensions or they don't, they have
real estate or they don't, whatever it is,
their financial plan, they get a good grade.
(25:14):
They can spend X amount a year and
they're not.
And then they call and say, is it
possible that I could have a new car
this year?
You know, and you look at the numbers
and yeah, by three, you know, joking, of
course, but so giving that it's just like
(25:35):
a check, like this is a big thing.
I use the idea of gifts because that
comes up a lot with my clients.
Like they're thinking about, they want to help
a grandchild or maybe a child, or maybe
there's a divorce in the family and they
want to help their child who got just
divorced, or maybe there's someone sick.
So they're not working.
They want to help them substantially for a
period of time, whatever it is, the list
(25:57):
is endless of life things.
Um, but just being able to check, I
alluded to this before, but just being able
to check in and saying, I'm thinking of
doing this.
If I do this, whatever it is, am
I okay?
That's pretty valuable.
Not just the financial advice, but the emotional
(26:18):
side of it.
Yeah.
And it's interesting that people like Christine Benz,
you know, and I've heard podcasts recently about
this, like real experts in, uh, in this
field, they have trouble switching from saving to,
uh, you know, spending what that money was
intended for.
(26:38):
So you're saving for retirement and now you're
retired, but you're not really, you know, living
the lifestyle that you imagined that you would
be because you're fearful.
And, uh, it's not always that, but sometimes
it's habit, but other times it's, I'm scared
I'm going to run out.
You know, uh, that's probably the biggest one
that we see.
(26:58):
And again, not to belabor the point, but,
uh, having that financial plan, and she mentions
it here as well, is like, you get
to see what would happen if the market
dropped, what would happen if taxes went up,
if, if, uh, healthcare costs were through the
roof.
Um, we can, you know, model those scenarios,
(27:19):
even from a conservative starting point and see
how that would affect things.
And if it has a dramatic effect, okay,
then maybe there are things we need to
do.
If, if not, that is sort of that
permission to be like, okay, like you're, you're
going to be okay.
So let's think about enjoy.
What are the things that you would do
and not just to spend money to spend
money, but what are the things you would
(27:40):
do to enjoy the life that you've made
for yourself in retirement?
Sometimes that's charitable giving.
Sometimes that's, you know, going on the extra
trip.
So, you know, you name it for every
family, it's gonna be something different.
But, uh, one, one, uh, anecdote I'll add
is, uh, some, so when you guys had
recently on the show, it was, um, uh,
(28:01):
is it Gilbert?
Uh, something, something Fritz.
Yeah.
Fritz Gilbert.
Yep.
It's got a retirement manifesto.
That's right.
So I was listening to a podcast with
him recently, and he was saying, uh, rather
than reinvesting his RMDs, uh, or what's left
of his RMDs after he spent what he
(28:21):
wanted to spend, he kind of uses that
as the benchmark.
Like I need to use up my RMD
to be able to spend the money.
So whether it be, and in his case,
he was saying the remainder he would give
to a charity or he's, you know, he's
running this, um, organization himself, him and his
wife, uh, for dogs.
So, uh, there are a whole bevy of
things that you can do with that money,
(28:42):
but being able to spend what you've worked
so hard for, that's, that's the goal, right?
That when you're thinking about retirement, you're thinking,
well, I'm going to do this and that
and the other thing, but then the fear
steps in and the habit of, you know,
you're used to saving, how am I going
to be pulling from that?
It's a hard, uh, It is a hard
transition.
Like you've programmed yourself for decades to save,
(29:03):
save, save, and, uh, you know, limit your
spending some level.
Um, so I think it's super valuable, um,
to have that plan, to test that plan
and to get that second opinion or whatever,
to, to ask those questions and working with
an advisor, you have a trusted fiduciary to
(29:25):
use the word again on your team, just
like you should have a good tax person
and a good lawyer for your estate planning,
to have a team of professionals around you
and turn to them in these certain times
and check in with them regularly to make
sure that you're, uh, you know, checking those
boxes and you're prepared for things, but also
that you're living the life that you're able
(29:47):
to live.
And, uh, I don't know how you put
a price on that.
I think it's invaluable for that peace of
mind and that certainty that you're going to
be okay and be able to not only
meet your obligations, but live the life that
you've earned.
Yep.
Well, if any of these things, uh, hit
home with you, if you're wondering if you
should get a second opinion, or if you're
(30:10):
thinking about, should I have a plan?
The answer is yes.
Uh, we're here to help.
We're part of the AMR team of wealth
enhancement, and we have an office in Hyannis.
Uh, we help clients all over the country.
So if we can help you out, please
don't hesitate to reach out.
And thank you very much for listening to
our podcasts until next week.
(30:31):
Keep striving for something more.
Thank you for listening to something more with
Chris Boyd, call us for help, whether it's
for financial planning or portfolio management insurance concerns,
or those quality of life issues that make
the money matters matter, whatever's on your mind,
visit us at something more with chrisboyd.com
(30:51):
or call us at 866-771-8901, or
send us your questions to amr-info at
wealthenhancement.com.
You're listening to something more with Chris Boyd,
financial talk show, wealth enhancement, advisory services, and
Jay Christopher Boyd provide investment advice on an
individual basis to clients.
(31:11):
Only proper advice depends on a complete analysis
of all facts and circumstances.
The information given on this program is general
financial comments and cannot be relied upon as
pertaining to your specific situation.
Wealth Enhancement Group cannot guarantee that using the
information from this show will generate profits or
ensure freedom from loss.
Listeners should consult their own financial advisors or
conduct their own due diligence before making any
financial decisions.
Welcome to something more with Chris Boyd.
Chris Boyd is a certified financial planner, practitioner,
and senior vice president financial advisor at Wealth
Enhancement Group, one of the nation's largest registered
investment advisors.
We call it something more because we'd like
to talk not only about those important dollar
and cents issues, but also the quality of
life issues that make the money matters matter.
(00:22):
Here he is, your fulfillment facilitator, your partner
in prosperity, advising clients on Cape Cod and
across the country.
Here's your host, Jay Christopher Boyd.
Hello, and welcome to another episode of something
more with Chris Boyd.
I'm Jeff Perry.
I'm sitting in this week for Chris and
I have with me my co-host Russ
(00:42):
Ball.
We're both of the AMR team of Wealth
Enhancement Group.
I'm in Florida.
Russ is on Cape Cod in Massachusetts.
It was funny because I sent you an
article that Christine Benz from Morningstar wrote.
I'm a big fan of hers, by the
way, and I found out that you're a
big fan of hers.
I said, what do you think about this
subject?
You said, I just read this.
(01:04):
We're on the same page with Christine Benz
and the stuff that she writes.
Did you read her recent book, How to
Retire, 20 Lessons for a Happy, Successful, and
Wealthy Retirement?
I'm about halfway through it.
It's good.
It's good.
It's all over the place because it's a
compilation of- Separate interviews with different people
(01:25):
and experts in the field.
Honestly, I thought it was really good from
what I've read of it.
Some of the interviews she has there with
people we've had on the show before, even
recently.
She definitely has a wealth of knowledge and
really good about sharing that.
We must subscribe to the same email.
We must.
A newsletter or something.
(01:46):
I think AI figures you out.
Everything Arthur Brooks writes or says, I click.
Everything Christine Benz writes or says, I click.
Jeremy Siegel.
When you click these things enough, they feed
them to you.
Christine Benz is in that category for me
of something that I think she's...
(02:08):
I guess the best thing I like about
her, and she's been on the show before
too, she's objective.
I don't feel like she's talking up a
book.
I feel like she's giving it as she
sees it based upon her vast experience with
Morningstar and the financial planning world.
That's what I like.
I hope people think that about us, that
the show is objective.
We're not trying to sell any certain product
(02:30):
or promote any certain service.
We're just here to give you our best
thoughts on given issues.
Sometimes you agree with us, sometimes you don't,
I'm sure.
But I try to be objective.
I know you do, and I know Chris
has been doing it for 18 years.
I think that's one of the most important
things that people should demand of their information.
(02:52):
So much information out there today, however you
want to say that, whether it's old media,
newspapers, if there are any left, the news
on TV, and then all the cheerleading from
both political parties, so much of the news
is biased towards a product, a political agenda,
(03:16):
a service, whatever it is.
So I try to demand of the things
that I'm going to follow that it's not
biased.
We definitely are going to have our leanings,
our opinions on certain things, but definitely using
this as a more of an educational platform
and keeping people that listen and clients up
(03:36):
to date on our thoughts and what's going
on out in the world.
So hopefully we're aligned with Christine Benz in
that regard.
This article, which we'll get into, so we're
building her up, but she deserves it.
But we're building up, and the point is
we're building her up, meaning we have a
great deal of respect for her.
She's been in this industry for decades, financial
(03:57):
services, financial planning, writing about it, talking about
it, teaching others about it.
And the article is why I, meaning Christine
Benz, has a financial planner.
So it gets you thinking like, ah, she
doesn't need a financial planner.
Right.
She writes about it all the time.
She knows more than most anyone about personal
(04:19):
finance and retirement.
That's right.
Why would she need a financial planner?
But if you think about it, and I'm
a retired lawyer, if I have a legal
issue, which I hope I don't have any,
but if I have a legal issue, I'm
a fool to represent myself, the old saying.
If a physician has a medical issue, you
(04:39):
wouldn't think that they'd, I mean, they might
know everything about the issue, but they're going
to go to their doctor.
They have a doctor and so on.
We could keep listing professions.
Why wouldn't a financial advisor turn to, maybe
not every day, but turn to a financial
(05:00):
planner advisor about their own plan.
Right.
Absolutely.
Yeah.
So she wrote this article.
It's on Morningstar.
I'll put it in the show notes of
people.
It's not very long, but if people want
to read it and she has five reasons
why, and there's more, maybe we'll go off
on tangents.
It's entirely possible that we do that.
But the number one reason is also my
(05:22):
number one reason.
It's what I did.
Number one reason is she says we wanted
a second opinion on a few important decisions.
I knew Chris Boyd.
I knew the AMR team, the company at
that time, but I was handling everything myself.
And I was thinking of retiring from my
full-time public service job with the sheriff's
(05:45):
department, sheriff's office.
And I had a plan and I was
like, yeah, I think it's good.
Me.
Yeah.
Right.
Chris is a community person as a friend,
if you will.
And I said to my wife, Lisa, I
said, let's go in and meet with Chris
and get a second opinion.
(06:05):
I think that's a lot of people come
to us looking for that second opinion.
And just, you know, you could be as
confident as possible and you could feel like
you've read up on it, you know what
you're doing, but sometimes just getting that seal
of approval or thoughts from another professional really
helps give you that sense that, okay, I
either I am on the right track or
(06:26):
maybe I was a little bit off.
I wasn't thinking about this in quite the
right way.
They'll help you find your blind spots.
I think that's very well said.
Help you find your blind spots because so
many people who DIY their financial plan are
about a number.
Yep.
You know, they can do math.
I know what they spend, especially the detailed
(06:47):
people, which many people are.
I, I am, I was, I had, I
had my plan, my numbers.
I knew about inflation.
You know, I thought about those things, but
when I had my meeting with Chris, I
was like, oh, yeah, you know, that's, that
makes sense to think about it that way.
And he, you know, he put a rubber
stamp on my plan that I'm going to
(07:07):
be okay.
But he also gave me a lot of
insights from his experience that made me think
like, I should think, think about that.
I should focus on that.
I should have a, I should have a
strategy towards that, or, you know, maybe I'm
taking too much risk because I've had a
high risk tolerance.
So ultimately I became a client and ultimately
became a member of the team.
(07:30):
But you're right.
People getting a second opinion is really important.
It's just like a doctor, you know, they
might know that they have a problem, but
it makes sense not to self-diagnose.
It's go get a second opinion.
Yeah, exactly.
And in Christine Ben's case, she was, she,
you know, she said she was handling her
(07:50):
investments herself or her and her husband were
and currently are, but there were specific questions
that she had that she thought a financial
planner could help with.
And that's, again, that's a lot of people
come in looking for the answer to one
specific question or maybe a couple specific questions
and thinking, oh, well, you know, I have
(08:11):
X amount in the bank.
I'd like to get that working for me
a little bit harder.
They'll come in and they'll think, well, here's
my problem.
Give me a solution.
And we want to be able to do
that as fiduciaries to be able to give
the entire picture, that entire context.
How does that all fit together?
(08:33):
It's not just about one problem.
Here's your one solution.
Let's see how everything works dynamically and together.
So yeah.
Yeah.
And, you know, one of the biggest benefits
that I receive personally and that I hope
I provide to our clients along with the
(08:53):
rest of the team is to give them
those projections that have some testing.
It's not just, you know, a spreadsheet.
Well, here's how much money you're going to
have.
Here's how much money you're going to take.
But testing a financial plan against things that,
you know, when you're 60 years old and
thinking of retiring that you're not quite zoned
in on the what ifs of life and
(09:14):
the bigger goals, you know, what do you
want to do?
Whether that's travel, whether that's be generous, whether
that's help family, you know, buy a second
house, move, relocate, whatever it is, or long
-term care, you know, negative things that could
happen, premature death, pension options, when to take
Social Security, all these things that, you know,
you know about, you might have thought about
(09:36):
them or heard about them or read an
article about them.
But when you test your own plan against
these things that may or may not happen,
it's super insightful.
And it can either give you a confidence
to know that you are making the right
decision to retire and the type of lifestyle,
or it can create a pause and say,
okay, I need to deal with that before
I, you know, pull the plug on my
(09:57):
earnings year, right?
So second opinion on those important decisions is
a good reason to have a financial advisor.
The second reason she mentioned was, we found
a business model that makes sense for our
situation.
Yeah, so different advisors will work it with
(10:19):
under different models.
So we're talking compensation models, basically, compensation models,
that's right.
Some firms like Wealth Enhancement, use a managed
assets as the base for, you know, we're
the investment advisor, we're comprehensive financial planning is
part of that package, I guess you could
say.
(10:40):
So we handle the investment management side, but
we also look at how everything fits together.
You know, what should we do about Social
Security?
What should we do about buying this house
down the road?
So it's kind of a combination.
Then there are other advisors that work on
an hourly, you know, basis.
And I think we can certainly, you know,
(11:02):
our team does that too, time to time.
So whether it's for a specific situation, or
on an hourly, like a routine, like a
monthly type thing, there are different models out
there for financial planners.
There are and so I love to give
this advice.
Sorry, you're going to hear it again.
(11:22):
You've heard it before.
Whoever you work with in the financial services
sector, now I'm going to make that really
broad, because a lot of, you know, there's
no regulation on the term financial advisor or
financial planner, like so some people who, in
my opinion, are not broad based, holistic financial
planners might use that term, right.
(11:43):
And so I mean, if you're certified financial
planner, that's a designation that you have to
earn.
And you know, everyone can't use that.
But sometimes people involved in insurance industries might
be presented as a financial advisor.
And so whoever you work with in the
financial services world, I want you to ask
them three questions.
(12:04):
One is, are you a fiduciary, you mentioned
that word.
And that's a legal, moral and ethical standard
that you as the advisor will work in
the best interest of the client.
You don't, so you're not selling them a
certain product, because you're paid a commission that
is higher than other products.
You're not promoting something that you get kickbacks
(12:26):
for, without disclosing it.
Your advice is about what is best for
this client, and not just what might be
suitable for a client, or something that maybe
it's the only product that you sell.
There are financial services companies under certain company
names that they're only going to recommend things
(12:47):
that have their title on it, their specific
brand, if you will.
So are you a fiduciary is number one.
Number two is how are you compensated?
We've just touched on this.
The key isn't so much, I mean, you
might prefer a different model as a consumer,
which is your right to do so.
The key is can that advisor that you're
(13:07):
about to engage easily explain within a minute
how you're compensated?
Because if not, if it's like, oh, it
depends, and here's a 42 page pamphlet that
explains it, they should very easily be able
to explain to you how you're compensated.
And number three is where are your assets,
(13:28):
where are your investments, where are your accounts
held?
And to me, I think your assets should
be held at a third party custodian.
So for example, how do we do it?
So we're your financial advisors, wealth enhancement group,
we're going to give you advice, we're going
to give you a financial plan, we're going
to meet with you, we're going to get
to know you.
And then say you have an IRA that
(13:50):
you want to bring for us to manage
for you.
We're going to manage that, you're going to
understand that, but that IRA isn't going to
be held by us in our office, it's
going to be held at a third party
custodian, in our case, Schwab or Fidelity, for
example.
So if you get mad at us, if
you want to fire us, if we ghost
(14:10):
you, you know, all these things that don't
happen often, certainly not to us, you can
just go to Fidelity in this case, if
that's where the funds are at and say,
you know, I want to move my funds,
I don't like this advisor anymore, I'm not
as happy with their service or whatever the
situation is.
So are you a fiduciary?
(14:31):
How are you compensated?
And where are my assets being held?
I think is a foundational three questions if
you're thinking about working with an advisor or
if you're working with an advisor and you
don't know those questions, that's even worse, right?
If you're working with somebody, you don't know
the answers, but I think are appropriate to
ask them and if they can't answer them
quickly, succinctly and to your satisfaction, you know,
(14:53):
might be time for a different advisor.
Totally agree.
One comment, not to be long-winded, which
I can be, on this number two business
model, I like the asset under management approach,
you pay a certain fee, you know, one
company out there, one of our competitors say,
we make more money when you make more
(15:13):
money, that kind of thing, your assets go
up, our fee goes up.
I like that because it doesn't detract you
from using the full breadth of services of
a financial advisor.
If you have, if you agree to an
hourly format, and it's time for an annual
review, it's time, you have a question like,
oh, we find the second house, how does
(15:34):
it impact my financial plan?
And these things take time.
Some consumers will be hesitant to engage in
seeking advice if they're being charged hourly.
If you're just paying the fee based upon
your assets, our clients are encouraged to reach
out to us and it doesn't cost them
(15:55):
more if they reach out to us and
say, I'm thinking about long-term care, can
we discuss some options?
Do I still need my life insurance?
When should I take Social Security?
And the list is endless and things that
people ask us.
Yeah, I think the, and the amount that,
there are studies out there that show this
over time, the amount that can be saved
by having that advice over time and not
(16:18):
just a one-off kind of conversation.
Because the fact is, your life is changing,
hitting different milestones.
Your finances are going to be different from
one year to the next, potentially, especially as
you get closer to retirement.
What does that look like when you start
moving out of a 401k and your target
date fund or whatever it might be?
(16:39):
So yeah, having the model that we work
by, I think it's, I like to think
of it as having an advisor and retainer
where you can give them a call, email,
if decisions come up, if things come up,
you don't have to worry, oh, well, I
have to write this check, I have to
set up this one-hour meeting and hope
I can get everything in in the one
hour, that kind of thing.
(16:59):
Yeah, exactly.
And then when you get in the context
of developing a financial plan, which we do
for our clients, that can be multiple hours
and people, it's part of our service we
give to them.
I encourage them to take advantage of spending
the time on it, but they're spending the
time, which is a resource, but they don't
have to write that extra check, which is
(17:20):
the model of some other people.
So number three of the reasons that this
financial advisor has a financial advisor, it gave
us an impetus to get and stay organized.
Anything about that, Russ?
Well, I think that's huge.
There's so many things that are vying for
(17:42):
our attention out in the world, family, your
job, things outside of work, whatever it might
be.
Finances are not always top of mind, and
if they are, maybe they are for a
week and then they're not again for another
couple of years.
Like tax season.
Right, exactly.
Like tax season or you start thinking about
(18:03):
retirement and you go on a deep dive
and you do a lot of research, but
then it kind of fizzles off because the
fact is there are just a lot of
things in life that need your attention.
So the idea of working with a financial
planner to get organized, especially those advisors that
start with a financial plan, because Christine Benz
also referenced that in her article.
(18:25):
She didn't think she was going to have
a financial plan when she started, but as
part of the process, that's what they developed
with her and they created a framework, a
model to reference over time.
It's not like set it and forget it
type of model.
Financial plan is dynamic and things are changing
and as things change, you could use that
as your organizing guideline for how essentially the
(18:50):
rest of your life might look from a
financial lens.
Yeah, absolutely.
And it's so critical to have a written
financial plan that you can review for a
lot of reasons.
First, you touched on it, but for the
rest of your life, you have a base
financial plan, you meet at least once a
year with your advisor, hopefully more, but at
(19:11):
least once a year, like if we don't
hear from you, we're going to harass you
almost to meet with us and go over
the plan because we get the opportunity to
say, has anything changed?
And it may be something small, but it
might be something substantial to your financial plan
and life events, things change, there's illnesses, there's
(19:31):
retirement, there's social security, there's the desire to
give away money or help family and all
these things by having a plan, an advisor
who wrote the plan with you and understand
you and knows you can understand what you
want to do or what your fears are
or what concerns or goals and test that,
(19:53):
let's use the idea of a gift, rather
than just answer a random question is, can
I afford to pay for my granddaughter's wedding
for $40,000?
And just, oh yeah, that sounds like a
good idea, you know, some random answer off
the cuff, you can put it into the
model, if spending an extra $40,000 in
this given year, how does it affect your
(20:13):
long term projections?
How does it affect your goals, your cash
flows?
And it's so easy to do when you
have that financial plan in place already.
Yeah.
On the point of getting organized as well,
I think that's really key.
I use a budgeting app or like a
(20:33):
money tracking app for my day to day
finances.
And I get these ads on social media
telling me, oh, you could save X amount
of dollars by using this app.
And I thought about it, I'm like, I
probably have saved a lot of money just
by getting my finances organized.
By knowing, right?
Yeah, by knowing and by tracking and by
seeing, all right, well, like, maybe I could
(20:53):
cut here, maybe I could cut there, or
here are things I could do differently.
Same principle applies to working with an advisor.
It's like, once you start getting that ball
in motion, sometimes your finances is something you
don't want to think about.
It's that scary thing in the closet that
you don't want to confront.
But once you start, we see it with
a lot of clients where they weren't particularly
organized with their finances when they came in.
(21:15):
But when they start, they get their estate
plan ready to go.
They get their investments in order.
They have one central place to see what
their net worth is and their assets.
And it helps you create more goals and
visualize how these things look over time.
So I think that is sort of a
hidden benefit of working with advisors, getting organized
(21:37):
and having that really benefit your life moving
forward in terms of your finances.
Yeah, exactly.
Number four on the list of why this
financial advisor has a financial advisor is we
love having a succession plan.
Yeah, I mean, a succession plan, and I
(21:58):
think in this sense, she was talking about
succession plan for her and her husband's wife
and their finances.
So if anything were to happen to one
or both of them, it could be cognitive
decline or some terrible accident, God forbid.
There's one central place where her loved ones,
her family members can go and get answers.
(22:21):
And she mentioned that this planning firm that
she worked with had a lot of the
information.
They weren't necessarily managing her assets, but they
had the information linked to her accounts.
So they would be the ones who had
all the answers.
And having that peace of mind is beneficial.
A lot of clients come meet with us
(22:41):
and they want to have that succession plan
in place.
If something were to happen, oftentimes it's the
husband that's been managing the finances, could be
the wife.
And they're like, well, what's my husband going
to do?
Or what's my wife going to do when
I'm not able to do this anymore?
If I'm not able to manage the finances,
I want to have some kind of plan
in place for them to know who to
(23:02):
go to and know who to trust.
Yeah, it's super important.
And from time to time, every family is
different.
So this general statement isn't meant to be
for everyone.
But from time to time, the client will
want to bring their family into their financial
planning sessions.
Usually the goal isn't to disclose where every
(23:24):
dollar is and certainly not disclose spending.
And sometimes they want to, but most of
the time it's not.
It's just to explain to the people who
are going to take care of them if
they need it.
And for the heirs, this is why this
is set up.
This is my intentions.
This is what I'd like to happen if
you say the power to your health care
(23:46):
proxy or executive or successor trustee is doing
work on our behalf because we need you
to.
This is the format and this is who
to go to.
And so meeting that meeting the financial planner
as a family can add some great benefit
to when it's time for that successor to
(24:07):
step in.
Yeah.
Yeah, absolutely.
The last thing that Christine Benz noted about
why she has a financial advisor is my
favorite.
And it's, it's something that I didn't realize
existed in the financial planning world and that
clients would struggle with this.
But number five is a third party.
(24:28):
The financial advisor can help give us permission
to spend.
And I'm surprised that the number of clients,
the number of people that I serve who
are, their financial plan is solid, right?
Not all of them.
Their financial plan is solid and they are
living a life that is significantly below financially.
(24:54):
And that's just not mean spending.
That could be an emotional one too.
Where they are able to, they worked a
long time, they were diligent savers.
They had a budget.
They were responsible with their spending.
They made good choices.
They have pensions or they don't, they have
real estate or they don't, whatever it is,
their financial plan, they get a good grade.
(25:14):
They can spend X amount a year and
they're not.
And then they call and say, is it
possible that I could have a new car
this year?
You know, and you look at the numbers
and yeah, by three, you know, joking, of
course, but so giving that it's just like
(25:35):
a check, like this is a big thing.
I use the idea of gifts because that
comes up a lot with my clients.
Like they're thinking about, they want to help
a grandchild or maybe a child, or maybe
there's a divorce in the family and they
want to help their child who got just
divorced, or maybe there's someone sick.
So they're not working.
They want to help them substantially for a
period of time, whatever it is, the list
(25:57):
is endless of life things.
Um, but just being able to check, I
alluded to this before, but just being able
to check in and saying, I'm thinking of
doing this.
If I do this, whatever it is, am
I okay?
That's pretty valuable.
Not just the financial advice, but the emotional
(26:18):
side of it.
Yeah.
And it's interesting that people like Christine Benz,
you know, and I've heard podcasts recently about
this, like real experts in, uh, in this
field, they have trouble switching from saving to,
uh, you know, spending what that money was
intended for.
(26:38):
So you're saving for retirement and now you're
retired, but you're not really, you know, living
the lifestyle that you imagined that you would
be because you're fearful.
And, uh, it's not always that, but sometimes
it's habit, but other times it's, I'm scared
I'm going to run out.
You know, uh, that's probably the biggest one
that we see.
(26:58):
And again, not to belabor the point, but,
uh, having that financial plan, and she mentions
it here as well, is like, you get
to see what would happen if the market
dropped, what would happen if taxes went up,
if, if, uh, healthcare costs were through the
roof.
Um, we can, you know, model those scenarios,
(27:19):
even from a conservative starting point and see
how that would affect things.
And if it has a dramatic effect, okay,
then maybe there are things we need to
do.
If, if not, that is sort of that
permission to be like, okay, like you're, you're
going to be okay.
So let's think about enjoy.
What are the things that you would do
and not just to spend money to spend
money, but what are the things you would
(27:40):
do to enjoy the life that you've made
for yourself in retirement?
Sometimes that's charitable giving.
Sometimes that's, you know, going on the extra
trip.
So, you know, you name it for every
family, it's gonna be something different.
But, uh, one, one, uh, anecdote I'll add
is, uh, some, so when you guys had
recently on the show, it was, um, uh,
(28:01):
is it Gilbert?
Uh, something, something Fritz.
Yeah.
Fritz Gilbert.
Yep.
It's got a retirement manifesto.
That's right.
So I was listening to a podcast with
him recently, and he was saying, uh, rather
than reinvesting his RMDs, uh, or what's left
of his RMDs after he spent what he
(28:21):
wanted to spend, he kind of uses that
as the benchmark.
Like I need to use up my RMD
to be able to spend the money.
So whether it be, and in his case,
he was saying the remainder he would give
to a charity or he's, you know, he's
running this, um, organization himself, him and his
wife, uh, for dogs.
So, uh, there are a whole bevy of
things that you can do with that money,
(28:42):
but being able to spend what you've worked
so hard for, that's, that's the goal, right?
That when you're thinking about retirement, you're thinking,
well, I'm going to do this and that
and the other thing, but then the fear
steps in and the habit of, you know,
you're used to saving, how am I going
to be pulling from that?
It's a hard, uh, It is a hard
transition.
Like you've programmed yourself for decades to save,
(29:03):
save, save, and, uh, you know, limit your
spending some level.
Um, so I think it's super valuable, um,
to have that plan, to test that plan
and to get that second opinion or whatever,
to, to ask those questions and working with
an advisor, you have a trusted fiduciary to
(29:25):
use the word again on your team, just
like you should have a good tax person
and a good lawyer for your estate planning,
to have a team of professionals around you
and turn to them in these certain times
and check in with them regularly to make
sure that you're, uh, you know, checking those
boxes and you're prepared for things, but also
that you're living the life that you're able
(29:47):
to live.
And, uh, I don't know how you put
a price on that.
I think it's invaluable for that peace of
mind and that certainty that you're going to
be okay and be able to not only
meet your obligations, but live the life that
you've earned.
Yep.
Well, if any of these things, uh, hit
home with you, if you're wondering if you
should get a second opinion, or if you're
(30:10):
thinking about, should I have a plan?
The answer is yes.
Uh, we're here to help.
We're part of the AMR team of wealth
enhancement, and we have an office in Hyannis.
Uh, we help clients all over the country.
So if we can help you out, please
don't hesitate to reach out.
And thank you very much for listening to
our podcasts until next week.
(30:31):
Keep striving for something more.
Thank you for listening to something more with
Chris Boyd, call us for help, whether it's
for financial planning or portfolio management insurance concerns,
or those quality of life issues that make
the money matters matter, whatever's on your mind,
visit us at something more with chrisboyd.com
(30:51):
or call us at 866-771-8901, or
send us your questions to amr-info at
wealthenhancement.com.
You're listening to something more with Chris Boyd,
financial talk show, wealth enhancement, advisory services, and
Jay Christopher Boyd provide investment advice on an
individual basis to clients.
(31:11):
Only proper advice depends on a complete analysis
of all facts and circumstances.
The information given on this program is general
financial comments and cannot be relied upon as
pertaining to your specific situation.
Wealth Enhancement Group cannot guarantee that using the
information from this show will generate profits or
ensure freedom from loss.
Listeners should consult their own financial advisors or
conduct their own due diligence before making any
financial decisions.
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