Fiduciary vs. Suitability Standard




The Prosperity Podcast show

Summary: In the debate between what kind of financial advisor is generally best, it is clear where award winning author Kim D. H. Butler and “No B.S. Money Guy,” Todd Stroble stand. In this podcast they discuss the differences between Fiduciary standard advisors and Suitability standard advisors.<br> <br> Kim stresses the value of the focus a fiduciary advisor will place on their client. This is in direct contrast to the focus the advisor will put on themselves.<br> <br> Todd roughly covers the episodes entire theme in one poignant comment. He encourages buyers to listen for two different sentences when meeting with their advisors. If they say, “I am required to say if the recommendations I make are good or bad for you,” their focus is on not on you. If they say, “I am required to say if the recommendations I make are the best for you,” your success is the first point on their agenda.<br> <br> The two leave the podcast with a few words regarding the value of prosperity economics and ways that those listening can hear more about it.