Fantastic advice! My favorite part: “If the person sitting across from you earns a commission on what they sell you, that is not a conflict of interest to manage. It is a reason to find a different advisor.”
Glad that one stuck with you. The hard part is not only spotting the commission. It is knowing what to ask before you are sitting in that chair. I have an article coming soon that does exactly that: a two-tier question set, one list for hiring a new advisor and a shorter one for the advisor you already have. The single question that matters most is whether they are a fiduciary at all times or only some of the time. That phrase, at all times, is the whole game. More on that soon.
Fantastic advice! My favorite part: “If the person sitting across from you earns a commission on what they sell you, that is not a conflict of interest to manage. It is a reason to find a different advisor.”
Glad that one stuck with you. The hard part is not only spotting the commission. It is knowing what to ask before you are sitting in that chair. I have an article coming soon that does exactly that: a two-tier question set, one list for hiring a new advisor and a shorter one for the advisor you already have. The single question that matters most is whether they are a fiduciary at all times or only some of the time. That phrase, at all times, is the whole game. More on that soon.