Episode 116: 🎙️ Unmasking the PINOs: How to Spot the Impostors in Financial Advice

The 9Innings Podcast by Kevin Thompson, RICP®, CFP®

Episode notes

Welcome to the 9Innings Podcast where we Educate, Empower and Engage.

In this episode of the "9innings Podcast," host Kevin Thompson, converses with Chuck Failla CFP®, founder of Sovereign Financial Group and host of the GoRIA Podcast. They delve into the fiduciary standard in the financial advisory industry, addressing the challenges posed by "planners in name only" (PINOs) and the distinctions between broker-dealers and independent registered investment advisors (RIAs). The discussion highlights the importance of fiduciary responsibility, the value of RIAs, educating clients, and the need for title protection and simplification within the industry.

Debate on Fiduciary Standard (00:01:30)

Consumer Awareness in Financial Advice (00:05:28)

Discussion on Planners in Name Only (PINOs) (00:05:55)

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Keywords
financial literacyfiduciarycertified financial plannermlb2cfpconflicts of interestinsurance lobbyGoRIAchuck faillaPINOSconsumer protectionregistered investment advisorssovereign financial groupinvestment news