The Truth About Fiduciary Advice and How to Find It Easily

Modern Financial Wellness

Welcome back to Modern Financial Wellness! I'm Jim Grace, and in this episode, I’m thrilled to have a very special guest—Michael Scarpati, the CEO of Retire Us. Retire Us is a game-changing financial advice platform that blends human relationships and technology to help individuals achieve financial freedom with less friction and more clarity.

We kick off by examining the major barriers people face when looking for financial advice, from the lack of access to affordable fiduciary guidance to the confusion caused by an industry built on investment-first relationships. Michael helps us untangle the different types of advisors—benefits-based, product-based, and the elusive systems-based advisor—and explains why most people never get to work with an independent fiduciary unless they already have significant investable assets.

Michael also outlines Retire Us’s unique process—from their free online financial assessment to their affordable monthly subscriptions that give anyone access to a full team of professionals: a CFP, an independent fiduciary, and a dedicated wealth concierge.

Key Takeaways

1. Know What a Fiduciary Is—and Why It Matters:

Only 10–15% of financial professionals are legally held to act in your best interest. The rest may not have to—meaning it’s crucial to ask anyone you work with whether they’re a true fiduciary, and more importantly, if they’re independent fiduciaries with access to the whole marketplace.

2. Not All Financial Advisors—or Advice—Are Created Equal:

There are three primary types of advisors: benefits-based (usually tied to your employer), product-based (selling investments or insurance), and systems-based (true planners building holistic frameworks for your money). Most people never move beyond the first two, missing out on the systems-based approach that drives real financial progress.

3. Financial Planning Should Start with Goals and Systems, NOT Just Products:

Most Americans piece together products and workplace benefits without a system to hold it all accountable. Michael likens this to baking a cake without a recipe—possible, but messy and inconsistent. True success comes from building intentional systems first, then filling them with the right tools and products.

4. Accessibility Is Changing, But You Need to Know Where to Look:

Traditionally, high-quality, independent financial planning was reserved for those with $250,000 or more in investable assets. Platforms like Retire Us are changing that—with subscription models as low as $60/month, allowing regular people to get personalized, fiduciary advice and ongoing support from professionals who act in their best interest.

5. Peace of Mind—and Real Progress—Comes from Financial Awareness:

According to Michael, financial well-being is ultimately about peace. If something feels “off” with your money, it probably is. Start by getting clear on your real goals and what’s causing your stress or anxiety. Use tools (like Retire Us’s free financial assessment) and work with advisors who will help you identify and fix those blind spots, creating a holistic sense of control and confidence.

Financial planning doesn’t have to be intimidating or inaccessible, and you deserve advice that is truly in your best interest—without asset minimums or high barriers to entry. Whether you’re just getting started or want to level up your systems, there are more options than ever for high-quality, human financial guidance.

Huge thanks again to Michael Scarpati for joining us and sharing his mission with Retire Us. For more details, check out their free financial checkpoint at www.retire.us and follow their upcoming content on financial consciousness.

If this episode resonated, please like, subscribe, and share with someone you think could benefit. And as always, while I hope you find these conversations helpful, remember: nothing discussed here should be taken as personal financial advice—do your own research and consult your advisors when making decisions.

See you next time on Modern Financial Wellness!