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 …
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 …
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 »
