On today's episode Patrick will talk about the 3 different types of financial advisors and how to pick the best one to work with.
It can be really confusing and even intimidating to find the right financial advisor. And even if you think you found one... how do you know they are working in your best interest?
Patrick will break down the 3 different ways that advisors are compensated so you can know if you're working with someone who is unbiased or is just looking for the next sale.
Here's a couple of key points from the show:
- Understand the difference between fee-based, fee-only and commissioned advisors
- Work with a fiduciary (someone who puts your best interest before their own)
- Don't be afraid to ask lot's of questions
- Know ALL of the fees that are inside of your accounts... not just the advisors fee
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You can also find lots of resources at www.RetirementLifestylesAdvisors.com
Information presented is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the host on the date of publication and are subject to change.
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