COACHING VS. PLANNING
 

We'll teach you the right way to invest
 

Most investors have never heard of an Investor Coach. How is that different from a traditional financial planner or financial advisor? We have often said that the traditional financial planning model is broken. Interestingly, the old traditional model has become the source of many problems for people seeking investment advice. Although people naturally seek out a planner to assist with their financial affairs, we find that the heart of the planning problem lies in the way that the planning is carried out.

For starters, financial planning or the development of a financial plan is very often used as a sales or marketing tool to sell a firm’s financial products. And of course, the sale of these financial products produces a commission on the plan’s recommendations. Unfortunately, the investor rarely knows whether or not the plan’s recommendations are in their best interest or in the best interest of the planner and his/her firm. In addition, the majority of planners work for a brokerage firm or insurance company, and don’t really work directly for the client. In this case the brokerage firm or insurance company actually controls what products the planner can recommend to clients.

Next, the traditional planning model does very little to educate investors and help them deal with the instincts and emotions that are at the root of a poor investment experience. Almost no effort is given to help clients learn how markets work and how to achieve true peace of mind when investing.

So, how do you know if you are working with a coach or a planner? Take the “Investor Quiz” on this website. Answer the questions that are listed. An Investor Coach will work diligently to help you answer all of the questions. If your current planner is not helping you seek the answers to these important questions then it might be time for a second opinion on your investments. Please call us directly for a complimentary consultation.

 

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INVESTOR AWARENESS GUIDE
 

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Contacts

Provident Wealth Advisors

25511 Budde Road

Suite 1002  The Caroline Building

The Woodlands, TX 77380


281.466.4843
281.466.4817

Info@providentwealthllc.com

Copyright 2018 Provident Wealth Advisors, LLC

All written content on this site is for information purposes only. Opinions expressed herein are solely those of Provident Wealth Advisors, and our editorial staff. Material presented is believed to be from reliable sources, however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual adviser prior to implementation. Fee based financial planning and investment advisory services are offered by Provident Wealth Advisors, a Registered Investment Advisor in the State of Texas. Insurance products and services are offered through Goodwin Financial Group . Provident Wealth Advisors, and Goodwin Financial Group are affiliated companies. The presence of this web site shall in no way be construed or interpreted as a solicitation to sell or offer to sell investment advisory services to any residents of any State other than the State of Texas or where otherwise legally permitted.