How Do Financial Advisors Make Money 2024

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Knowing how an advisor is paid, in addition to the services they offer, is crucial to choosing the best one for your needs. Three Ways Financial Advisors Get Paid. • Commission:... They are paid a commission by their underlying broker/dealer or insurance company when a customer purchases a product, such as a mutual fund, annuity or life. Summary. Financial advisors offer various services, including financial planning, investment strategy, retirement planning, and tax planning. Advisors are paid.

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