Today’s Hack
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.
Tune in as Phil offers his best advice on searching for an advisor that will work for you. If you’re working with an advisor or thinking about hiring one, this is an episode you can’t afford to miss.
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
If you have any questions about what we discussed in this episode, reach out and we’ll be happy to set up a time to talk.