The word “financial advisor” doesn’t mean much on its own. There’s no law dictating who can or can’t use it. There ARE a bunch of other laws and regulations around providing financial advice, but there really is no “silver bullet” separating the good ones from the bad ones. So when I think about sorting financial advisors, I think it’s most helpful to follow the money. If you understand the business models and the incentives they create for the advisors, you can at least filter out the advisors who are looking to sell you something, rather than help educate and guide you. If you’re looking for an advice-only financial advisor, check out Nectarine.

As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.

-Jeremy