How Conflicts Of Interest Muddy the Financial Advice Waters with Donovan Sanchez

<p>Physicians seeking independent financial planning advice at a fair price should find financial advisors who mitigate conflicts of interest that cause more harm than good.</p> <p>In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Donovan Sanchez, a Certified Financial Planner (CFP) and founder of Skyview Financial Planning. Donovan covers different conflicts of interest that most people are unaware of and the importance of disclosure requirements to find a quality financial advisor.</p> <p><strong>Topics Discussed:</strong></p> <ul> <li>Financial Advisor Types: Anybody working in the financial services industry</li> <li>Compensation Models: Pay for services via commission, fee-only, or fee-based</li> <li>Challenging Conflict: Provide advice in advisor&rsquo;s and client&rsquo;s best interest</li> <li>Teaching/Training: How to make sales and do financial planning to offer advice</li> <li>Major Manufacturers: Research proprietary products, means of distribution to sell</li> <li>Learn Language: Talk like a financial advisor to focus on quality or make sales</li> <li>Clients and Referrals: How many to make sales and create custom plan/advice</li> <li>Disclosure: Put client&rsquo;s interests first and disclose/manage conflicts of interest</li> <li>Space and Stability: Become a good financial advisor before giving advice</li> <li>Find Financial Advisor: Reach out to identify training, guidance, and get paid</li> <li>Future of Financial Advice: Take step forward to regulate financial advisor title</li> </ul> <p><strong>Links:</strong></p> <p><a href="https://www.skyviewplanning.com/">Donovan Sanchez&rsquo;s Website</a></p> <p>Donovan Sanchez&rsquo;s Articles on Conflicts of Interest:</p> <p><a href="https://thephysicianphilosopher.com/the-code-conflicts-and-client-interests/">https://thephysicianphilosopher.com/the-code-conflicts-and-client-interests/</a></p> <p><a href="https://www.physicianonfire.com/financial-advisor-confessions/">https://www.physician