May 28, 2024 | Episode 117

Financal Myth: Financial Advisors Making Commissions Can Provide Impartial Advice

In this episode, we discuss the myth that financial advisors who make commissions can provide impartial advice.

We define impartial advice as someone who is not directly involved in a particular situation and is able to give a fair opinion or decision about it.

Travis shares his experience in the industry and explains the various incentivized compensation structures that financial professionals receive, such as upfront commissions, new asset bonuses, and proprietary products.

We highlight the conflicts of interest that arise when advisors are motivated by their own financial gain rather than the best interests of their clients.


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