The financial advice you receive is biased by the compensation of the advisor. This is not a conspiracy theory but a business fact of life. In my newly published article “How To Get The Right Financial Advice For The Right Price” I explain the problems lurking behind each of the four major financial advice compensation structures:
- Commissioned Sales
- Percent of Assets Management Fee
- Profit Incentive Fee
- Fee For Time
For each compensation type I explain the hidden incentives that biases the financial advice your receive so that you aren’t blindsided by the inherent conflict of interest. Forewarned is forearmed. You will also learn my five rule strategy so that you can maximize the value you receive from biased financial advice.
Always remember, there is no such thing as free financial advice. One way or another you will pay. Whether it is up front in fees, behind the scenes in hidden commissions and kickbacks, or down the road in poor investment decisions that cost you far more than quality financial advice ever would have cost in the first place – you are going to pay the price for your advice.
Learn how to do it wisely in “How To Get The Right Financial Advice For The Right Price”.
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