Fee-Based vs. Fee-Only Financial Advisors At its simplest, Fee-Only advisors only get compensation directly from their clients. Fee-Based advisors can charge their clients fees, but they can also get a commission on insurance sales and revenue sharing based on investment options chosen. Imagine you go to the doctor, and the doctor does not charge you […]
Fee-Only vs. Fee-Based Financial Advisor Read More »
More and more people are realizing they want to work with financial advisors who are Fee-Only (as opposed to Fee-Based), Independent, and act as a Fiduciary at all times. These advisors are literally only paid for advice instead of receiving commissions for selling products. As the demand for these types of advisors increases, it becomes
The Value of a Financial Advisor Read More »
If you’ve done any research on how to find and choose a financial advisor, you probably ran across terms like Fiduciary, Independent, Fee-Only, and Fee-based. It is probably not at all clear on what these words actually mean. Don’t beat yourself up, it can be confusing even for advisors. Finding and choosing are actually two different
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A Fee-Only advisor is a Fiduciary, but a Fiduciary may not be Fee-Only. What exactly is a Fiduciary? At its simplest, acting as a fiduciary means to act in a client’s best interest. Like most things in the financial industry, the term Fiduciary is not so simple. Somehow, there are at least 4 different applications
Fiduciary Financial Advisor May Not Mean What You Think Read More »
