32 - Fees that financial advisors charge: How to know what your paying

11/07/2024 36 min

Listen "32 - Fees that financial advisors charge: How to know what your paying"

Episode Synopsis

Discover the ins and outs of financial advisor fees in this enlightening episode. We delve into hourly fees, flat fees, asset-based fees, and commissions, and discuss the potential conflicts of interest that each model might bring. We also provide crucial questions to ask your financial advisor to ensure transparency and alignment of interests. Tune in to gain a clear understanding of what you're paying for and how to evaluate the value of advisor fees. With this knowledge, you can make more informed decisions about your financial advisory relationships.

Resources

Kitces.com
Questions to ask a financial advisor
FINRA BrokerCheck
How to find and work with a financial advisor
Different Types of Financial Advisors
XY Planning Network
National Association of Personal Financial Advisors (NAPFA)
Fee Only Network
Financial Planning Association (FPA)
Garrett Planning Network