How Advisors Get Paid And Why It Matters

Ever wonder how your financial advisor really gets paid and what that means for you? Whether it’s a fee, a commission, or a salary, the way your advisor earns money could be influencing the advice they give you. In today’s episode, we’re talking about the different pay structures of financial advisors, revealing the benefits, the potential biases, and what you need to know to make sure your money is truly working for you.

 

Here’s some of what we discuss in this episode:

0:00 – Intro

1:33 – Fee-only, commission-based & fee-based

5:44 – Salary-based advisors

7:08 – Pros and cons of each model

12:23 – Phil’s advice for your advisor search

 

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