Am I Buying a Financial Plan or a Financial Product? The Difference Between Being Served and Being Sold

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The Abundance Mindset

Allison Cline CFP®, ChFC® & Ben Cline CRPS®

40 episodes

4 days ago

How do I efficiently navigate the modern financial system and grow my net worth? Join Allison Cline CFP® ChFC® and Ben Cline CRPS® as they explore and unpack important topics in the realms of personal and small business finance.

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Hosted on Acast. See acast.com/privacy for more information.

Am I Buying a Financial Plan or a Financial Product? The Difference Between Being Served and Being Sold

The Abundance Mindset

23 minutes 41 seconds

4 days ago

Am I Buying a Financial Plan or a Financial Product? The Difference Between Being Served and Being Sold

Are you being sold or served? Financial Planning vs. Financial Products.

In this episode, we delve into the critical differences between buying a genuine financial plan and being sold a financial product:

We discuss personal experiences and client stories to illustrate how the financial industry often conflates financial advising with product sales, sometimes to the detriment of consumer interests.
We also explore the importance of understanding business models, paying directly for advice, and recognizing signs that you may be steered toward products instead of comprehensive planning.
We wrap up with tips on making informed decisions and resources for further guidance.

🎯 RESOURCES FROM THIS EPISODE:

Visit our website to request a complimentary consultation: https://www.abundancewm.com
Download our free Financial Advisor Interview Guide here: https://drive.google.com/file/d/1QmqFiI1sqeT1Gh8xvV0Wpl7CrytDYg_c/view?usp=sharing

🎧 Listen on Apple Podcasts, Spotify, or watch the full video version on YouTube: https://youtu.be/BIs76BrgNXQ

Hosted on Acast. See acast.com/privacy for more information.