You pay
$2500 to a lawyer for an estate plan.
You pay $500
to an accountant for tax preparation.
You pay
$1,000 to your insurance agent for term life insurance.
Why are you
paying $10,000 every year to a financial advisor who likely spends less time
helping you than some of the others above?
Instead, consider
an hourly, fee-based financial advisor who gets paid when they work with you
and not when they don’t. And ask your
advisor if they receive commissions or incentive payments from their company
for recommending certain investments.
Independent, hourly, fee-based advisors don’t.
(Assumes $10k annual fee on $1M portfolio.)- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
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