First Time Meeting with a Financial Planner
On today’s episode of Martinis and Your Money, I’m talking to Katie Brewer, a financial planner and owner of the company, Your Richest Life, about what a first meeting with a financial planner looks like. You should consider your relationship with a financial planner as a long-term relationship. Take your time to find the right planner to guarantee your long term success!
What are we drinking?
Katie — Captain Morgan & Diet Coke with a twist of lime
Shannon — The FitTini (official cocktail of The Financial Gym)
- Katie has been a financial planner for 12 years.
- She does fee-only financial planning and often works with couples and single women.
- Katie compares your first meeting with a financial planner to a first date; if you don’t feel really good about that first interaction, keep “dating.”
- Katie asks a few questions before the first meeting:
- What state do you live in?
- What is your partner’s name?
- What is causing you to want to talk to a financial planner?
- A truly successful relationship with a financial planner is one that goes on for many years.
- Some questions Katie asks during the first meeting:
- Have you ever worked with a financial planner before?
- What are your 1-3 year goals and what are your 3-5 year goals?
- Katie explains the difference between a fiduciary and non-fiduciary.
- Shannon says to remember you can ask as many questions as you want when talking with a financial planner.
- You should never feel like you don’t understand what just happened during your meeting.
- TAKEAWAY: If you don’t feel comfortable getting financially naked with your financial planner, GTFO! You should never settle.
Random Three Questions
- What is your biggest financial indulgence?
- Are you an evening person or a morning person?
- If you could live anywhere in the world other than Texas, where would you live and why?
Connect with Katie:
Do you work with a financial planner?
Bonus: Video my son made me watch