Reduce Taxes | Grow Wealth | Create a Legacy:
Your Wealth, Your Legacy is a podcast by Prairiewood Wealth Management covering the latest in investment, tax, estate, and charitable giving strategies to help individuals and families keep more of what they make, make more with what they have, and create a legacy that will last beyond their lifetimes.
EP 61: Is Your Financial Advisor Truly Independent?
Most people assume their financial professional is free to recommend whatever solution is best for them. In many cases, that freedom is more limited than you may think.
In this episode, we cover what it actually means for a financial advisor to be independent. We start with a simple analogy: the difference between a retail store that only sells one brand of product and a store that carries the best products regardless of brand. Employees at both stores may genuinely want to help, but only one has the freedom to adjust their recommendation to your specific need.
We then walk through four conflicts that can eliminate independence: proprietary investment products, revenue sharing arrangements, sales quotas, and conflicts that arise when an advisor works within a larger financial institution. Each of these can shape the recommendations you receive in ways that are difficult to detect.
We also cover the connection between independence and fee-only compensation, why the choice of custodian matters, and the questions we believe every person should ask before engaging a financial advisor.
Thanks for listening!
For more details, check out our blog post https://pw-wm.com/learn/financial-planning/is-your-financial-advisor-truly-independent/
1 Sept 2026
EP 60: Covered Calls - Get Paid To Manage Risk
Many individuals who work for large, publicly traded companies accumulate a significant amount of employer stock over their career. When that position represents a significant portion of their overall portfolio, it creates meaningful concentration risk, and if they still work for the same employer, both their income and investments depend on that one company’s success.
In this episode, we cover a strategy that can generate income from existing shares while creating a disciplined plan to manage overall risk: covered calls.
We walk through what a covered call is, the key terms you need to know, the advantages and limitations of the strategy, and why it does not have to be all or nothing. We also work through a real-world example showing exactly how the numbers work.
Finally, we cover the tax implications, including how income is treated depending on whether the option expires, is closed, or is exercised, and we address the questions we hear most often.
If you are interested in learning more about how covered calls can be an effective tool to increase income and manage concentration risk, we think you’ll enjoy this episode!
Thanks for listening!
For more details, check out our blog post at https://pw-wm.com/learn/financial-planning/covered-calls-get-paid-to-manage-risk/
1 Aug 2026
EP 59: Does Your Financial Professional Work For You or Someone Else?
Most people look to their financial professional to provide financial advice and put their interests first at all times. What most individuals don’t realize is that there are two primary legal standards that govern the financial industry. One that is applicable to those who sell products and a higher standard for those who sell advice.
In this episode, we cover the history of the financial services industry including how it started as a sales-first industry where financial professionals worked for a firm and focused on selling the firm’s products. Over the years, the industry has expanded to include advice-focused, independent advisors who work directly for the client.
While the legal standard that governs the relationship between the financial professional and the client differs depending on the type of relationship in place, many individuals aren’t aware that a difference exists.
In our conversation, we cover what each standard requires and clarify which legal standard applies to each professional. Finally, we discuss our recommendation that families who are searching for comprehensive, financial advice choose an advisor that is held to the fiduciary standard 100% of the time.
Thanks for listening!
For more details, check out our blog post at https://pw-wm.com/learn/financial-planning/does-your-financial-professional-work-for-you-or-someone-else/
Reach and audience
Public platform figures. Ratings count people who left a rating, not total listeners.
Apple Podcasts (US)
4.5 / 5
8 ratings
Spotify
5.0 / 5
8 ratings
Podcast Authority Score: 32 / 100
A composite of feed quality, social presence, YouTube performance and engagement. Read the methodology.
Quality
32
Social presence
0
YouTube
0
Engagement
77
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