May 1st, 2019 | 6 mins 25 secs
certified financial planner, cfp, commission based, fee based, finance, financial planner, financial planning, registered investment advisor, retirement, ria, savings, wealth, wealth management, wealth planning
Although many different labels are used, there are really just three types of financial advisors in the industry:
- Fee-based and
- Independent and fee-only.
While there are excellent advisors in all three categories, and there is a place for each in this field, it is important for any informed consumer to understand how each is compensated, and how that can impact the advice the advisor delivers.