Lizzy and Lissa break down the hidden costs – financial and otherwise – of financial advisors. Working with a financial advisor can be a great way to advance your financial goals but they also come with fees. In this episode, Lizzy and Lissa share their experiences and thoughts on working with financial professionals.Please keep in mind that this episode is informational and educational in nature and should not be misconstrued as financial advice. We are sharing our experiences to help educate, but you should consult a professional for guidance as needed. Main Topics00:00 Introduction01:34 Running The Numbers Segment07:20 Types of Financial Advisors15:28 Our Personal Experiences26:32 What Is Wealth Management?26:50 Big Banks vs. Independent Firms29:27 Navigating Financial Advisory Services38:39 Benefits of Financial Advisors44:55 Diversity in the Financial Industry47:55 20 Cents Segment References for Statisticshttps://smartasset.com/advisor-resources/how-many-financial-advisors-in-the-ushttps://www.sec.gov/newsroom/press-releases/2024-57https://news.northwesternmutual.com/planning-and-progress-study-2023https://www.prnewswire.com/news-releases/two-thirds-of-americans-say-their-financial-planning-needs-improvement-301881539.html   Co-HostsLizzy is a strategist, alternative investments expert, and a founding partner of Pursuit Funds. Follow Lizzy: Instagram | TikTokLissa is an Accredited Financial Counselor®, personal finance expert, and the founder of Wealth for Women of Color. Follow Lissa: YouTube | Instagram | TikTok Credits► Produced by Lizzy Marie and Lissa Prudencio► Edited by Kory Alexander, KoryAGraphy Studios / @ikoryalexander► Artwork by Lizzy Marie► Music by Lissa Prudencio, Net Net Podcast “Theme Song” Talk to usHit us up, let us know what you think: IS IT WORTH IT? 💸DM us on Instagram: @netnetpodcastEmail us at hi@netnetpodcast.com DisclaimerThis podcast is for educational, informational, and entertainment purposes only, and should not be constituted as financial advice or any other kind of professional advice. Views and opinions are our own, and Net Net Podcast does not serve as a substitute for personalized financial guidance tailored to your specific situation.Remember to always do YOUR own research, consult a professional as needed, and feel empowered to make your own decisions!