Comments on: A Response To Financial Nuts – Knowing How Your Advisor Is Compensated http://www.thefinancialblogger.com/a-response-to-financial-nuts-%e2%80%93-knowing-how-your-advisor-is-compensated/ This is where your finance takes place Thu, 18 Mar 2010 09:34:28 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Compare Bank Accounts http://www.thefinancialblogger.com/a-response-to-financial-nuts-%e2%80%93-knowing-how-your-advisor-is-compensated/comment-page-1/#comment-6875 Compare Bank Accounts Wed, 09 Sep 2009 05:40:41 +0000 http://www.thefinancialblogger.com/?p=1976#comment-6875 Financial planners are a great idea but you do have to be careful of their motives and that they have your best interests at heart rather than just being a salesman for the products that will gross them the biggest commissions. Financial planners are a great idea but you do have to be careful of their motives and that they have your best interests at heart rather than just being a salesman for the products that will gross them the biggest commissions.

]]> By: Friday Links | The Canadian Finance Blog http://www.thefinancialblogger.com/a-response-to-financial-nuts-%e2%80%93-knowing-how-your-advisor-is-compensated/comment-page-1/#comment-6828 Friday Links | The Canadian Finance Blog Fri, 04 Sep 2009 09:28:02 +0000 http://www.thefinancialblogger.com/?p=1976#comment-6828 [...] The Financial Blogger says you should know how your advisor is compensated. [...] [...] The Financial Blogger says you should know how your advisor is compensated. [...]

]]> By: Make Your Own Designer Clothes? The Price of Fashion http://www.thefinancialblogger.com/a-response-to-financial-nuts-%e2%80%93-knowing-how-your-advisor-is-compensated/comment-page-1/#comment-6795 Make Your Own Designer Clothes? The Price of Fashion Thu, 03 Sep 2009 00:53:55 +0000 http://www.thefinancialblogger.com/?p=1976#comment-6795 [...] The Financial Blogger: Knowing How Your Advisor Is Compensated [...] [...] The Financial Blogger: Knowing How Your Advisor Is Compensated [...]

]]> By: financial planner http://www.thefinancialblogger.com/a-response-to-financial-nuts-%e2%80%93-knowing-how-your-advisor-is-compensated/comment-page-1/#comment-6789 financial planner Wed, 02 Sep 2009 03:40:08 +0000 http://www.thefinancialblogger.com/?p=1976#comment-6789 As you suggested, there is no one perfect model for financial advisors or clients. Unfortunately, many insurance reps will push life insurance as an investment vehicle and many fee based advisors will shun it, even when necessary, because they don't get paid for it. The best model is to interview several advisors, and follow one (whether insurance, commission or fee based) who takes your whole financial picture into account and will advise you on all aspects, no matter what their firm affiliation. As you suggested, there is no one perfect model for financial advisors or clients. Unfortunately, many insurance reps will push life insurance as an investment vehicle and many fee based advisors will shun it, even when necessary, because they don’t get paid for it.

The best model is to interview several advisors, and follow one (whether insurance, commission or fee based) who takes your whole financial picture into account and will advise you on all aspects, no matter what their firm affiliation.

]]>