What are the differences between a fee-based and fee-only advisor?

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By Ryan Inman and Doctor Podcast Network. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

When you hire a financial advisor, there is an expectation that they will give the best advice to the person’s situation. Does the way that a financial advisor receives compensation affect what kind of advice that you receive? Today Ryan and Kayse discuss the differences between fee-based and fee-only advisors. What are things that are good to know when hiring either? Why is it important to know what incentives both may have? Learning about financial advising behind the scenes can be a great aid in finding the right advisor. It’s worth the time to ensure you’re receiving the level of advising that every person deserves. Today's sponsor is Locumstory. To find out more visit here: financialresidency.com/locumstory

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