Episode 94: Understanding an Advisor’s ADV Part 2 brochure to evaluate how an advisor may work with you – Part3.

Alex and Ryan continue to discuss McLean’s ADV Part 2. It is the SEC-mandated document that an advisor provides to prospects and to existing clients at least once a year. The ADV Part 2 serves as your user manual for working with your advisor. We use McLean’s ADV to serve as a baseline for these episodes. In this episode, we discuss: 

  • An advisor’s code of ethics and how that translates into best practices for the business and client relationship.  
  • The role of the custodian and trading relationships with other institutional partners.
  • How often and how do advisors review your investment accounts? What are they holding themselves accountable to?
  • Referral fees. Do advisors receive fees for recommending other services or for referrals to other professionals? Conversely, do advisors pay fees for receiving referrals?
  • The difference between investment discretion and non-discretion in the management of your assets.
  • Assessing an advisor’s financial well-being.
 

Listen now to learn more!

 

Links 

Click here to watch this video on YouTube: https://youtu.be/C26aPg5yjbI?si=vJkKXFDZAv-9lXAu

To download McLean’s ADV Part 2, click here: https://www.mcleanam.com/adv2a 

You can reach our guest Ryan Walters by visiting: https://rialawyers.com/ 

Join the waitlist for our next round of the Retirement Income Challenge at risaprofile.com/podcast 

If you are an individual consumer and would like to be directed to our sister firm McLean Asset Management you can get in touch at: https://www.mcleanam.com/start/

 

This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/roth/ to download McLean’s free eBook, “Is a Roth Conversion Right For You?”

Recent Episodes

Episode 130: YouTube Live Q&A (Part 2)

In this episode, the conversation covers various aspects of long-term care, including qualifying for long-term care insurance, alternative options for funding long-term care, and the role of Medicaid. Alex and

Episode 129: YouTube Live Q&A (Part 1)

In this conversation, Wade Pfau and Alex Murguia discuss retirement planning and how to determine how much can be spent from a portfolio without running out of money. They touch