Skip to content

Client Resources

  • About Us
    • About Us
    • Our Approach
    • Contact Us
    • FAQ
  • Resources
    • Free Resources
    • Books
  • Content
  • Webinars
  • About Us
    • About Us
    • Our Approach
    • Contact Us
    • FAQ
  • Resources
    • Free Resources
    • Books
  • Content
  • Webinars
Schedule a Call
$0.00 0 Cart
  • Published January 30, 2020
  • Updated
  • January 10, 2022
  • 4:26 am

Coaching vs. Planning

Back
Facebook
Twitter
LinkedIn

 

What’s the difference between coaching and planning?

 

 

Listeners to my radio show may have heard me say that traditional financial planning is the source of much of the distress that people feel in their financial lives. Why is this the case when it seems so logical to hire a planner to escape our financial difficulties? The root of the problem lies in the way planning is carried out.

First, it is often used as a marketing tool to sell financial products. The reason? To generate commissions on the recommendations. The individual working with the planner generally has little way of knowing whether the recommendations are in their best interest or the best interest of the planner. They also have little way of knowing whether the products could have been obtained elsewhere at lower cost.

The majority of planners actually work for a brokerage firm or a broker/dealer and don’t really work for the client. The brokerage firm actually controls what products can be recommended.

Second, the traditional planning process does little to educate investors and help them deal with the instincts and emotions that are at the root of the poor investment returns that they experience. How can you tell if your advisor is helping you avoid these problems? Simply take the “Investor Quiz” on this website. Answering these questions, I believe, is the key to having true peace of mind in an uncertain world. If you would like a second opinion about your investment choices, call us for a complimentary initial consultation.

Featured Content

How to Prepare for Retirement

February 16, 2022

Preparing for retirement involves analyzing your assets, income, and expenses, but it also includes knowing your risks and knowing how to relax.

More to explore

OpenLine – Understanding Real Diversification and the Pitfalls of Sales-Driven Investing (June 2025)

June 23, 2025

  In this episode of NewsChannel 5’s OpenLine, Paul Winkler breaks down the myths and misconceptions around investing, market timing, and diversification.

OpenLine – Making Sense of Market Volatility and Investor Behavior (May 2025)

June 23, 2025

  In this episode of NewsChannel 5’s OpenLine, financial advisor Paul Winkler breaks down the psychology behind investing and the pitfalls many

A Lesson on Diversification

June 12, 2025

  When it comes to investing, simply holding a broad market fund or the S&P 500 isn’t the same as true diversification.

For more information about what we do, schedule a 15-minute chat with an advisor.

Schedule a Call

PWI

About

Contact Us

All Locations

MEDIA

Blog

Videos

Audio

CLIENT SERVICE

Client Resources

Become a Client

Connect

Facebook-f Twitter Youtube
Schedule a Call
PHONE : 615-851-1950 (main office)
Fax : 615-851-4597
Email : contact@paulwinkler.com
Main Office : 3050 Business park Circle Suite 503 | Goodlettsville, tn 37072
See our other locations
Copyright 2019-2028 Paul Winkler, Inc. All Right Reserved
The contact of this website is protected by application copyright laws. No permissionis granted to copy, distribute, modify, post or frame any text, graphics, video, audio, software code, or user interface design or logos.

Advisory services offered through Paul Winkler, Inc., an SEC Registered Investment Advisor. Paul Winkler, Inc. does not provide tax or legal advice: please consult your tax or legal advisor regarding your particular situation. All information contained on the Paul Winkler, Inc. website, including information in our newsletters, as well as information posted on social media, is for general informational purposes only, and should not be considered an individualized recommendation or personalized investment advice. We do not intend for this website to be utilized by any persons who are covered under the GDPR.

Disclosure links:

Broker Check

Form CRS

Privacy Policy

Form ADV Part 2A

Subscribe by email