Do You Know How Your Advisor Is Being Compensated?

Not all financial advisors are created equally, and it is important to understand and recognize the difference between them. Historically, the wealth management industry has utilized three common compensation models. The first compensation model is based on commission, where advisors receive compensation for steering their clients towards certain financial products, blurring the line between the client’s best interest versus their own. The second is a non-commissioned based financial model, where advisors operate on a fee-only basis ...

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