In this episode of The About Podcast, Jeremy Scott and Roy Hucke break down the different ways financial professionals are compensated, and why understanding your fees is essential when evaluating the value you receive.

From commissions and fee-based services to fee-only financial planning, Roy explains how each model works, what may be included and which questions you should ask your financial advisor. They also discuss fiduciary responsibility, investment expenses, basis points and the importance of knowing exactly what services you receive for the money you pay.

In this episode:

• The difference between commission-based, fee-based and fee-only advice
• How asset-based advisory fees are calculated
• What it means for an advisor to act as a fiduciary
• Potential internal expenses associated with mutual funds
• The meaning of “basis points” in financial services
• How and when advisory fees may be deducted
• Questions to ask your current or prospective financial advisor
• Why the cheapest, or most expensive, option is not automatically the best
• How to determine whether you’re receiving real value for your fees

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This content is intended for educational purposes only and should not be considered individualized financial, investment, tax or legal advice.

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