Is your financial advisor ripping you off? Here's what you need to know before you hire someone

Core Insights - There is a distinction between being rich and feeling rich, which many Americans may not recognize [1] Financial Advisor Insights - A household income of $573,000 is significantly above the U.S. median income of $83,730 in 2024, indicating financial success [2] - If individuals are struggling financially despite high income, it may be due to ineffective financial advice or high fees from their advisors [3] - Not all financial advisors are equal, and it is crucial to trust the advisor managing one's finances [4] Fiduciary Responsibility - Advisors who are fiduciaries have a legal obligation to act in the best interest of their clients, which is not the case for all financial professionals [6] - Many financial advisors may not hold fiduciary status, and only certain professionals, like Certified Financial Planners (CFPs), are required to adhere to this standard [7] Finding Financial Advisors - FinancialAdvisor.net offers a service to connect individuals with vetted financial advisors, allowing users to find suitable advisors based on their financial goals [5]