Fee Only or Commission Based? Which is Better for Your Financial Plan?
Are you paying more than you need for financial advice?
In this video with @erinkennedytv, I break down the pros and cons of working with a "fee-only" versus a "commission-based" financial advisor.
Both structures have their own tax implications and could create different incentives for the advisor. It’s important to understand that an advisor who charges a percentage of your managed money typically has a vested interest in your financial success because their compensation is directly tied to your portfolio's performance.
If you'd like to learn more about how each option could affect your taxes and long-term retirement goals, please call our team at 847.499.3454 or visit www.WFSTA.com
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