Facet26:48-28:24
This episode is brought to you by Facet. If you know who Frank the Tank is, and your idea of a nice little Saturday involves Home Depot, some wallpaper, maybe flooring, this one is for you. There are three things your percentage-based financial advisor is hoping you never think about, and I know this because I've been a percentage-based financial advisor. Number one, it is not twice as hard to manage $2 million as it is to manage $1 million. same asset allocation, same phone calls asking how the kids are doing, exactly twice the fee. Someone please make that make sense. Number two, that line they fed you, the we do better when you do better, sounds great until you realize the fastest way for them to do better is to put you in riskier assets than you wanted or needed. Your risk tolerance and their incentive structure have never been properly introduced. And number three, notice how they never tell you the fee in dollars, only the percentage. Same reason casinos take your cash and give you chips. Once it's not in dollars, it doesn't feel like dollars. Ask your advisor what 1% costs you annually in actual dollars. See how they respond. I'll wait. Facet works differently. One flat annual membership fee, no percentage, no commissions, no casino chips, just a dedicated team of CFP professionals who help you figure out what you want your money to say about your life. Book your intro call at facet.com slash Tyler, and you'll still have time for a quick visit to Bed Bath & Beyond. Facet is an SEC-registered investment advisor. This is not advice. All opinions are my own and not a guarantee of a similar outcome. I'm not a member of Facet. I have an incentive to endorse Facet, as I have an ongoing fee-based contract for cash compensation, as well as a percentage of equity in Facet based on this endorsement.
mid-rollno codeDetected Jul 13
Est. value ~$450 · range $72–$3K · low confidence