Establishing functional standards can provide advisors with a baseline framework for their advice. In this video clip, Reese Harper and Chad Jardine discuss why quantitative measurements are needed to define what financial health really means.
Compared to other professions, financial planning is in its infancy. Financial products have been around for centuries but the fiduciary-based planning industry is only a few decades old. As advice itself becomes the product, a need for minimum functional standards is paramount. On this episode of Elementality, Reese and Chad discuss how standards of advice can positively impact clients, improve practice efficiency, and even enhance the efficacy of all advisors.