Submitted by Kate Hennessy on April 10th, 2017
Many of you have seen the commercial on television where a son asks his father about his advisor’s compensation. After a short pause; the father responds “I don’t know…” There are many similar advertisements and hopefully they resonate with investors because it is important to know how your advisor is compensated.
Is your advisor truly working in your best interest or are they receiving a large commission for a recommendation you were not aware of? It’s important to choose your advisor wisely and understanding what it means to be a fiduciary is the first step.