The most common myth about financial advisors? That they're required to work in your best interest.

In this episode, fiduciary advisor Jason Pereira helps us break down the difference between a financial advisor and a fiduciary advisor. You'll learn what financial planning looks like beyond investing, the risks of relying on AI for financial advice, and how he's fighting for more transparency and accountability in the industry.

Topics discussed:

Introduction (00:00)

Jason's early interest in finance (01:42)

How his view of entrepreneurship changed (04:13)

The truth about financial advisors and fiduciary duty (05:07)

What most people misunderstand about financial planning (10:24)

Why pricing models shouldn't be one-size-fits-all (11:42)

The positive and negative impact of AI on the industry (15:16)

Why advisors should embrace digital intimacy (20:29)

Work boundaries that protect your family life (22:56)

What brought you JOY today? (25:41)

Resources:

• Sending your child to college will always be emotional but are you financially ready? Take the College Readiness Quiz for Parents: https://www.mitlinfinancial.com/college-readiness-quiz/
• Doing your taxes might not be enJOYable but being more organized can make the process less painful. Get Your Gathering Your Tax Documents Checklist:
  https://www.mitlinfinancial.com/wp-content/uploads/2024/06/Mitlin_ChecklistForGatheringYourTaxDocuments_Form_062424_v2.pdf
• Will you be able to enJOY the Retirement you envision? Take the Retirement Ready Quiz:
  https://www.mitlinfinancial.com/retirement-planning-quiz/

Connect with Larry Sprung:

• LinkedIn: https://www.linkedin.com/in/lawrencesprung/
• Instagram: https://www.instagram.com/larry_sprung/
• Facebook: https://www.facebook.com/LawrenceDSprung/
• X (Twitter): https://x.com/Lawrence_Sprung

Connect with Jason Pereira:

• X (Twitter): https://x.com/jasonpereira/
• LinkedIn: https://www.linkedin.com/in/pereirajm/
• Facebook: https://www.facebook.com/jason.pereira/
• Instagram: https://www.kidsfirst.org/nl/
• TikTok: http://tiktok.com/@jason.m.pereira
• Bluesky: https://bsky.app/profile/jasonpereira.bsky.social
• Threads: https://www.threads.com/@jasonmpereira
• Website: https://jasonpereira.ca/
• Woodgate Financial: https://www.woodgate.com/

About Our Guest:

Jason Pereira MBA CFA CFP (Can & US) RFP TEP FP Canada Fellow is a well-known and accomplished financial planner and industry advocate. He is also recognized as one of the leading financial advisor industry thought leaders and speakers on various financial advisor technology-related topics, including digital transformation and practice management, digital engagement, and artificial intelligence. He serves as an advisor to several Advisor Technology startups, consults on issues surrounding digital transformation, and is the host of the Fintech Impact Podcast, where he has interviewed over 400 fintech founders, executives, and thought leaders in the space.

Disclosure:

Guests on the Mitlin Money Mindset are not affiliated with CWM, LLC, and opinions expressed herein may not be representative of CWM, LLC. CWM, LLC is not responsible for the guest's content linked on this site.

This episode was produced by Podcast Boutique https://www.podcastboutique.com