My years as a traditional financial advisor, before I questioned the status quo and began focusing on stewardship, taught me a lot. One of the most salient things I gleaned in those years was that fact that your standard financial advisor can’t, over time, really help you out-perform the market. But they may well help you under-perform the market. In fact that outcome is far more likely.
I also realized that when you’ve acquired “enough” assets to reach your current “goals,” financial advisors will routinely encourage you to be less efficient moving forward. They won’t tell you this, of course, but that’s typically what their recommended course of action “says.” So one of the great products that a relationship with a financial advisor can offer you – is a shiny new glass ceiling for you, your money and your dreams. Read the rest of this entry »