The Ethics of Financial Advising: Transparency, Strategy, and Smart Investing with Adam Koós

About Adam Koós: Adam Koós is a seasoned financial advisor who began his career just 10 days before 9/11, navigating some of the most challenging market crashes in history. With a strong foundation in financial planning and market strategies, Adam is committed to educating clients and empowering them with knowledge. His ethical approach to wealth management is deeply influenced by his father’s principles of integrity and transparency. Beyond advising, Adam is a passionate speaker, writer, and educator, offering financial planning workshops to help individuals make informed financial decisions.

In this episode, Shawn and Adam Koós discuss:

• The importance of ethics and transparency in financial advising
• Strategies for wealth preservation and managing retirement income
• How market downturns impact investment strategies and withdrawal rates
• The psychological aspects of financial decision-making and emotional investing
• Business exit planning and why entrepreneurs need to prepare years in advance
• The role of education in debunking financial myths and misinformation

Key Takeaways:

• Retirement planning requires a combination of technical expertise and personal ethics to ensure clients make informed decisions.
• Managing investment risks involves both portfolio diversification and having cash reserves to navigate market downturns.
• Emotional investing can lead to costly mistakes—staying disciplined and focusing on long-term financial goals is crucial.
• Business owners should start planning their exit at least three years in advance to maximize the value of their company.
• Retirement isn’t just about finances—it’s also about lifestyle changes and having a clear vision for the next phase of life.

“I think that education is the root of everything we do because what people need these days. It's not like the old days, where they want to be sold something or sold an investment in that. They want solutions based advice, and I think that people want to be educated.” - Adam Koós

 

Connect with Adam Koós: 

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