Clarity and Confidence: From Family Finances to Finding the Right Advisor

In this episode of the Scholar Wealth Podcast, Stephan Shipe discusses how to strengthen both sides of your financial partnership—at home and with your advisor. He begins with a common concern: one spouse often manages most of the household finances while the other stays less involved. Stephan explains why it’s essential for both partners to understand the family’s financial picture and how simple steps—like joint planning meetings or an annual “financial retreat”—can provide peace of mind and continuity if something unexpected happens.

In the second half, Stephan breaks down the confusing world of advisor titles and compensation models. What’s the difference between “fee-only,” “fiduciary,” “flat-fee,” and “AUM”? He explains how to evaluate these terms, what they mean for alignment of incentives, and how to identify advisors who are truly working in your best interest.

Disclaimer: The information provided in this podcast is for general informational and educational purposes only, and is not intended to constitute financial, investment, or other professional advice. The opinions expressed are those of the hosts and guests and do not necessarily reflect the views of any affiliated organizations. Investing in financial markets involves risk, including the potential loss of principal. Past performance is not indicative of future results. Before making any investment decisions, you should consult with a qualified financial advisor, who can assess your individual financial situation, objectives and risk tolerance. Thanks for listening!