How much is a good financial advisor worth?

ABOUT THIS EPISODE

Determining the value of a financial advisor can be difficult to determine. Financial expert and Amazon bestselling author, John Browning, shares a compelling case on how you can determine the value of a financial advisor. He also shares a personal story of using a tool the wrong way and how this applies to building your life and your portfolio. Connect with John by texting "LIFE" to 21000 orGuardianRockWealth.com.

Welcome to the build your life podcast with John Browning. Build your life as a relaxed and unedited conversation with financial expert in number one Amazon bestselling author, John Browning Jones, the founder of Guardian Rock Wealth and serves clients across the United States. John's the author of the book build a life, not a portfolio, a guide to your financial future based on your personal values, which you can purchase on Amazon, or stay around to the end of today's show and I'll tell you how to get a free copy mailed right to your door. I'm Michael The lawn, your host for the next few minutes as we chat with financial expert and business owner John Browning. Well, hello, John Browning. Welcome back to your podcast, sir. How are you? I'm doing great. I'm glad to hear that. Hey, you're looking good. We talked about looking last week on our last episode about what's a retirement portfoli look like, and so you have a good you had a great conversation there...

...today. I want to know, John, how much is a good financial advisor worth? Well, yeah, I'm biased. I mean we're like priceless, right, right, absolutely priceless. Absolutely. Well, there's there is actually some research out there. Okay, it was, and no, didn't do the research was done by me. And actually I think probably the strength of this research is who it actually came from and how in depth it is, because it's a household name of vanguard. Yeah, and then those of you who are aware of kind of we're being guard came from and and what their philosophy is, you understand that they serve largely the individual investor. And it was. It was created and founded by Mr Vogel, who believed that...

...financial advice and education and should be available at a reasonable cost for everyone, which is very much in line with what we do here Guardian Rock. Well, we have programs, certainly we have we love our clients with you multimilliondollar portfolios, and those are fantat. We like more of you to join us, but we actually really do enjoy I have a client who is twenty years old and she's just starting out, wow, and I love working with her because she understands this whole concept that, you know, you build brick by brick by brick. And so, anyway, we're getting off top. I'm getting off topic here, but the whole idea is the source. It's called vanguard, putting a value on your value, quantifying vanguard advisors, Alpha and Alpha, when you're talking about investing, is generally that extra return. Okay,...

...you're right. And so it's twenty seven pages long. And what they've done is they've taken real life evidence from all the all the accounts that are with them, all the Iras, all the taxabill accounts and everything else, and they look at those that are are have the help of an investment advisor, right next to the ones who kind of do it on their own, the do it yourself first and consistently. The ones that are helped, coach managed by a qualified, experienced financial advisor tend to outperform over time by right around on average. And you can drowned in a river. That's an average. Image is deep. We all get that. But on average the ones that were managed by an advisor outperformed by about three percent. You add that...

...power of compounding every year, that's a very large number. Yeah, and they have, again, twenty seven pages of evidence that would suggest this. Like any scientific study, you cannot prove anything right Sience, but you can present quite a lot of evidence. And and what is most interesting about this report and not surprising, just interesting, because I've seen this happen again with my own account. I often tell you that I don't necessarily manage my own account. I right, I question myself because why? I'm emotionally attached to absolutely my money, my assets. But I ask someone else who's qualified and experience just like I am, but they look at it through a different Lens, different perspective than what I have. Because it's mine. I'm very attached...

...to it. Right, that's right. But it's the that emotional aspect of it, and emotions are not something that you should deny right in with investing or anything else. They're they're a huge way that God put us together. So there's a reason for them being there. They protect us and there what make us human. But the behavioral finance component of this was about seventy five percent of that access return. So it's that coaching when things are either going really really bad or when things are going really really good. I see this with professionals and I've done this for thirty years, and they'll continue to either add to a position or they won't set right. And this thing, you know, this particular security or this particular air sector of the market is done extremely well and if you don't have a disciplined way of looking at the market...

...and managing your portfolio, that you're watching every you know, not every day maybe, but every month whatever, you're constantly keeping an eye on and you don't have a strict cell discipline. So few people talk about that. Yep, absolutely, and that that fear that grabs you right here, that I might lose out on more gains, yeah, will keep you from not selling the whole position, but shaving that off right. Yeah, you can get off at a certain point and then reinvesting into something else that diversifies you. That discipline is lost to even a lot of professional investors, and that's what we hear a lot on, I think the Youtube Uber's and the meme stock guys right there. It's like I'm a Tesla air right and yeah, awesome for them right, right to fantastic. Nothing nothing against them, but for...

...somebody WHO's looking to build their life over the long term, yeah, having all your assets in in one stock probably not a great idea. Because I can, I can keep naming off, I can, I can use both both hands, both my feet to count off all of those companies that have been really, really great and then have it. Yeah, that's right, there are. There is a commonly. Well, you think, think back to those of us are old enough to remember the Codak, Kodak. There you go. I remember code. I remember those, those drive through Kodak places. You'd go and give them your role of film and come back the next day or two or three. HMM. Yeah, I remember them. Theygan it was. Hey, it was, and they were the apple of the day. They were the apple of the day and they where are they now? Yeah, I'd O caage for the Times, I guess right,...

I don't want they're a little shops. They turned into coffee shops, their drive through coffee shops. Now now there's now they're starbucks. Right, yeah, yeah, it's just it's they're things like that that that a professional, experienced investment advisor will, should, yeah, do for you. And that goes for sectors of the market, you know, whether it's the growth or it's the income, or it's the industrial sector, the energy sector. You know, managing those asset allocations is a huge part of what we can do and keep you keep your emotions from either the fear of not making the next the Fomo fear missing out, which cans you hold onto things until they don't quite hit the moon and then you lose it's just it's like a circle, you know. You're constantly worried about things and the value, the NONMONETARIO monetary...

...value of this that my clients tell me on a regular basis. Like I just don't have to worry about it. That's where. I was worrying about this all day long and now I just I don't. Yeah, you take care of it. You call me every once in awhile, you'll let me know what's going on. I can call you whenever I want and ask you any question I want. You'll get me the answer within twenty four hour or less, and that they and that's really the value, you of a great financial advisor like yourself. It's not that you can make me three percent more in the market. I mean that's nice, but it's that I can sleep well, I've confident and I know that somebody else was taking care of it. I think that's it. Yeah, that is a major part of it. And and again when you've done something for thirty years. So here's as quick story right. I promise I'll keep it quick because I know, I pensions. Fans are like they're gone. Right, it's like me, Adhd,...

...but here's a great story. Right. So, and this is me right. I am working on my car this back when I could, because now they're all computers and right beyond me for most for the most part as working on my car all day long. I'm trying to figure this out. Right, I just can't seem to quite get the part to fit where it's supposed to fit, how it's supposed to fit. And there and my brother in law comes and he's like, he's says. He's like, well, you using the wrong tool. And sure enough, you know, he has a right tool. He goes in and I mean he's got it done in like five nuts. Yep, that's the value of somebody with a lot more experience than I had working on my car. That's right. That's right. And saying in the same hold true with building a portfolio and building a life, designing a portfolio to support your life. Somebody who has a lot more experienced, John's's been doing a couple years now. I think he's on thirty,...

...to understand so many things that that a typical person is not even going to think about I know we're going to get into this and in the next week or two with EFT's and different mutual funds and things, and just there are so many options out there that the value of a financial advisor, the worth, isn't only monetary growth and stability for your portfolio. It is really that emotional security of knowing John's got me, we're working together and you're on my side. I think there's no there's not a dollar rount you could put on that, in my opinion, till well done, man. You're worth every penny and I'm glad that we're here to share it with the world. So reach out to John Browning, Amazon best selling author and leader at Guardian rockwealthcom. You could text him. Text the word life to twenty Onezero. Reach out to him and have a conversation to see how he can help you...

...build your life and not just a portfolio, because that's really what it's all about. John Browning. Thank you so much, sir. Great to be with you again. Good to see again. Money really is a big part of our lives and John Browning can help you and your family learn how to keep money in the proper perspective. It's important, but it's only a tool that can help you build the life that you want. If you like, John Emeill you a free copy of his book build a life, not a portfolio. Go to John's website, Guardian Rock wealthcom, and click the contact to US link and send your request. John Will Mell a copy of his book right to your door absolutely free. Thanks for listening to building your life podcast with John Browning. Be Sure to subscribe to this podcast so each new episode will be sent to you automagically when it's released. Have a terrific day.

Nothing in this podcast should be construed as personal investment advice and past performance is no guarantee of future results. Investing is not appropriate for everyone. There is a risk of loss associated with investing in the markets. No representation or implication is being made that using any methodology or system will generate profits or insure freedom from losses. Please remember that investing carries risk. Guardian Rock Wealth LLC and its affiliates are fiduciary investment advisors. Please consult with US or another experienced qualified investment advisor before making any investment decisions and or trying to implement any of the strategies and tactics we may discuss in any of our publications or podcasts.

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