How do financial advisors get paid?

Explore financial advisor compensation models with us and figure out the answers of "how do financial advisors get paid?".

Uncover the intricacies of commission-based, fee-for-service, fee-based wealth management, and performance fees, gaining insights into the advantages and drawbacks of each model to make informed financial choices. Gain clarity by comprehending your advisor's fee structure, fostering transparency in your financial arrangements. Opt for a compensation model that resonates with your objectives, whether it's prioritizing transparency, maximizing advisor involvement, or embracing performance-based incentives. Maintain a proactive approach by routinely evaluating your financial plan to ensure it remains aligned with your evolving goals and aspirations. Empower yourself to shape your financial destiny. Don't forget to like, subscribe, and stay updated for more valuable insights. Thank you for tuning in!

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00:00 Introduction
00:18 1. Compensation Models
00:31 Commission-based compensation
01:12 Fee-for-service Model
02:31 Fee-based wealth management
03:19 Performance Fees
04:05 2. Balance shortcomings of each model

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