The 3 Types of Financial Advisors

 

The 3 Types of Financial Advisors. There are different types of business models when it comes to being a financial advisor. - Commissioned: There are paid commissions for the products they sell (loads or insurance commissions). Don't fall for the line that they are paid by the broker or insurance company so there is no charge to the client. The commission is embedded into the product design. - Fee-Only: Paid only by the clients they work with. Can be hourly, retainer, or assets Under Management. - Fee-Based: Paid through a combination of fees and commissions. Have an understanding of any conflicts of interest since pay could be coming from multiple sources. Wrap account fee for assets they are managing and charging an insurance commission on policies sold. Subscribe today to stay up to date with our latest shows and highlight videos: https://www.youtube.com/c/MoneyGuyShow?sub_confirmation=1 Our professional focus is on financial planning and investment management, and we leverage our knowledge for your benefit. We help you focus on the things you can control and manage the things you can’t. Visit our site for more info : https://goo.gl/cGsH44 Are you ready to go beyond common sense when it comes to your money? Check out all the resources The Money Guy Show provides: https://goo.gl/pPiLm6