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 …
[vc_row css=”.vc_custom_1571875982579{padding-top: 45px !important;padding-bottom: 45px !important;}”][vc_column][vc_custom_heading text=”The Value of a Financial Advisor” google_fonts=”font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20regular%3A400%3Anormal”][/vc_column][/vc_row] 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 …
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 …
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 »
