The compensation model is one of the most important things to consider when hiring a financial advisor. After all, your relationship with your advisor can span many years. A financial advisor can significantly impact your financial future and help you avoid potential pitfalls. However, if you end up paying too much for their services, it could eat into your returns and hinder your overall financial progress. That is why it is essential to analyze how your financial advisor is compensated. Typically, advisors fall into one of two categories – those who charge a fee for financial advice or those who […]
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