Understanding Fees vs Commissions

How do you pay your financial advisor?  When it comes to financial or retirement planning, many don’t think about how they’re paying their advisors.

In this episode, Scott Leonardi talks about when advisors are compensated by commissions versus different types of fees, and why trust is so important when it comes to hiring an advisor who you’re willing to pay.

Scott discusses:

  • How salesy advisors give other advisors a bad reputation
  • Why it boils down to dealing with an advisor you trust
  • What the difference is between fees and commissions
  • The different types of fees

Related: Are you Smarter than a 5th Grader? Talk to your Kids About $$