Tim Ulbrich, PharmD, and Tim Baker, CFP®, break down how to find the right financial planner—covering what planners really do, how they’re paid, and the questions to ask—so you can move forward with clarity and confidence.

This episode is brought to you by First Horizon.

Summary

Not sure who to trust with your finances—or if you even need a financial planner? In this episode, Tim Ulbrich, PharmD and Tim Baker, CFP® dive into what a great financial planner does beyond providing investment advice, and how they can help you navigate life’s financial twists and turns.

Tim and Tim explain the different types of planners, how to spot someone working in your best interest, and the key questions to ask before hiring one. Plus, they break down common fee structures (like AUM, flat-fee, and hourly), the importance of the CFP® designation, and how to evaluate the return on your planning relationship.

Whether you’re hiring a planner for the first time, reevaluating your current setup, or just exploring what’s out there, this episode will give you the clarity and confidence to take the next step.

Mentioned on the Show

• YFP Nuts & Bolts Guide to Hire a Financial Planner
• Retirement Plans: Last Week Tonight with John Oliver
• Kitces Report on How Financial Planners Actually Do Financial Planning
• Broker Check
• YFP ADV
• The Investment Funds Institute of Canada. Financial Advice in Canada, November 2022.
• Vanguard: Putting a value on your value: Quantifying Vanguard Advisor’s Alpha®
• The Index Revolution by Charles Ellis
• Unshakeable by Tony Robbins
• The Behavioral Investor by Tony Robbins
• YFP YouTube Channel
• YFP Book a Discovery Call
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• Tim Baker on LinkedIn