Quote:
Originally Posted by DAVES
That is how it should be but possibly not how it is. Some financial advisors are paid by the hour so their compensation is the same no matter what you do. Others work on commission. Annuities pay a high rate of commission so you will find them pushing annuities and other high commission products.
A financial advisor tied to a bank or a brokerage will of course not advise you of better choices with another bank or another brokerage.
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Very true, how they get paid will have a direct bearing on what they push you into.
Seems to me a fee only planner would have the most reason to guide you according to what you need and want.