What Your Advisor Should Tell You About Fee-Only vs Commission-Based Advice

In this episode of The Financial Advisor Podcast, Lucas and Luna break down the difference between fee-only and commission-based financial advisors - and why it matters for your wallet. They walk through a real scenario: a listener with a $500,000 portfolio who discovers their 'fee-only' advisor also collects commissions on insurance products. Lucas explains the three advisor compensation models (fee-only, fee-based, commission-based), the fiduciary standard vs suitability standard, and how a seemingly small 1% commission on an annuity can compound to over $50,000 in lost growth over 20 years. They also discuss how to read Form ADV Part 2 and what questions to ask in a discovery meeting. This episode cuts through the jargon so listeners can spot conflicts of interest before hiring an advisor. #FeeOnly #CommissionBased #FiduciaryDuty #FinancialAdvisor #FormADV #ConflictOfInterest #AnnuityCommission #SuitabilityStandard #AdvisorCompensation #Investing #PersonalFinance #WealthManagement #RetirementPlanning #FinancialPlanning #AdvisorSelection #FexingoBusiness #BusinessPodcast #Finance Keep every episode free: buymeacoffee.com/fexingo