Pros and Cons of Using a Financial Advisor vs. a Robo Advisor, with Anthony Chen, Lighthouse Financial
John Ray: [00:00:00] Hello, everyone. I’m John Ray with Business RadioX. And I’m here with Anthony Chen. And Anthony is an investment adviser with Lighthouse Financial. Anthony, my question for you is, what is the difference and the advantages of working with an adviser versus using an internet platform?
Anthony Chen: [00:00:21] Well, that’s a good question, John. Some of the key things I’d like to kind of quickly point to is for someone using a platform, they have all the time in the world to really go back, and go do the searches and do the research themselves at their own pace; whereas when you’re working with an adviser, it’s a bit of a time commitment to either meeting face-to-face or having some kind of phone appointment for the adviser, like myself, to really understand what the clients’ needs are.
Anthony Chen: [00:00:50] Along with that, when someone is kind of going through an internet platform or do searches, good example would be, say, you’re looking for a product or a service, you’re going to do a Google search, you’re looking at 10 plus pages of search results; whereas, when you’re working with a financial adviser, we’re understanding more the client’s perspective, they can now, for example, instead of 10 pages of search results, down to one. And that’s where our experience when working with clients come into play.
Anthony Chen: [00:01:17] Followed by custom-tailored service plans. When working with a platform, you might not necessarily be able to ask all the questions and point out some of the key things a client should take into consideration; whereas an adviser would be able to have that conversation one-on-one relationship with a client.
Anthony Chen: [00:01:34] And very lastly, the internet doesn’t exactly call you back. So, if you’re looking for a one-on-one personal relationship with an adviser, definitely go with an adviser. If you’re more of a DIY person, want to go on with your own pace, the platform will be just as well.
Anthony Chen, Lighthouse Financial
Anthony Chen started his career in financial services with MetLife in Buffalo, NY in 2008. Born and raised in Elmhurst, Queens, he considers himself a full-blooded New Yorker while now enjoying his Atlanta, GA home. Specializing in family businesses and their owners, Anthony works to protect what is most important to them.
From preserving to creating wealth, Anthony partners with CPAs and attorneys to help address all of the concerns and help clients achieve their goals. By using a combination of financial products ranging from life, disability, and long term care insurance to many investment options through Royal Alliance. Anthony looks to be the eyes and ears for his client’s financial foundation. In his spare time, Anthony is an avid long-distance runner.
Anthony is the host of “Family Business Radio.” To find the show archive, go to FamilyBusinessRadioShow.com.
Renasant Bank has humble roots, starting in 1904 as a $100,000 bank in a Lee County, Mississippi, bakery. Since then, Renasant has grown to become one of the Southeast’s strongest financial institutions with over $13 billion in assets and more than 190 banking, lending, wealth management and financial services offices in Mississippi, Alabama, Tennessee, Georgia and Florida. All of Renasant’s success stems from each of their banker’s commitment to investing in their communities as a way of better understanding the people they serve. At Renasant Bank, they understand you because they work and live alongside you every day.