Tag: Financial Advisor Glasgow
To have a strong network of professional people available to their customers, in which they have full confidence, is valuable for a consultant. Your advisor should know and trust these individuals completely, so that your advisor will be able to go to bat for you if a problem arises with them. In the financial consulting and wealth planning industry, there is a simple but undeniable truth that Wall Street has maintained for years as a “dirty little secret” THE WAY YOUR FINANCIAL ADVICER IS PAID DIRECTLY AFFECTS THEIR FINANCIAL ADVICE TO YOU! That dirty little secret, and almost always overlooked! In your best interests, you want, and deserve (and therefore should expect), unbiased financial advice. But the reality is that 99 percent of the general investment public has no idea how the advice they provide is compensated by their financial advisor.Learn more by visiting Financial Advisor Glasgow – Financial Advisor Glasgow
This is a tragic oversight, yet one that is all too prevalent. For financial advisors, there are three basic models of compensation – commission-based, fee-based, and fee-only. Commission Based Financial Advisor – These advisors sell products such as insurance, annuities, and loaded mutual funds that are ‘loaded’ or commission paying products. It may or may not be disclosed to you the commission your financial advisor is earning on your transaction. I say “transaction” because this is what financial advisors based on commissions do – they facilitate TRANSACTIONS. You may be fortunate to hear from them again once the transaction is over, because they have already earned the bulk of whatever commission they were going to earn. There is an inherent conflict of interest in the financial advice given to you and the commission earned by these financial advisors, since these advisors are paid commissions which may or may not be disclosed, and the amounts may vary based on the insurance and investment products they sell.