Fee Based Planning El Paso TX : Financial Advisors
This content was written for Kevin Oneill
Are you confused about the differences between a fee based planning El Paso TX financial planner is versus a commission-based financial planner? Most people don’t even realize the difference about how financial planners get paid, so you are ahead of most. You want to start looking at financial planners more with how good they are and how their fiduciary responsibility comes across in their work versus how they get paid. However, some people have a very strong opinion about how their financial advisor gets paid. One of the financial advisors that you want to contact if you are looking for a financial advisor is Kevin O’Neill. You can schedule appointment with Kevin O’Neill by dialing 915-373-0989.
A fee based planning El Paso TX financial advisor is one who gets paid a fee for giving you advice. This seems logical as this is how many people are paid when they’re in the service profession. For example, many lawyers get paid on a fee basis as well as psychologists and psychiatrists. However, there are financial advisors who get paid on a commission basis. The difference between the two is significant when it comes to how they are getting paid. Some people believe there is a conflict of interest when a financial advisor is getting paid on a commission basis.
Ultimately the decision is up to you and whether you care how your financial advisor gets paid as long as they are giving you good advice. The reason that people think that there is a conflict of interest when financial advisors getting paid a commission is because the financial advisor is coming more likely to sell the higher commission products. As you can see this doesn’t make a lot of sense if the financial advisor is supposed to be providing a fiduciary service where they are always giving the client the best possible advice. If you have any issues with having this conflict of interest, then you may want to make sure that you go to a fee based planning El Paso TX financial planner. The decision is up to you.
Really when it comes down to it, you just want to make sure you find somebody who is giving you great advice. It doesn’t matter how the person gets paid as long as they’re giving you the optimal advice. This is where people tend to get lost and confused. There are many great fee-based financial advisors and many great commission-based financial visors. You just need to find a financial advisor this going to work for you and who you trust. That’s what it comes down to in the long.
Call Kevin O’Neill at O’Neill Financial Planning to discuss the differences between these two types of payment to financial visors in more detail. You can also call Kevin O’Neill at O’Neill Financial Planning to see what he has to offer for his clients. You can get in touch with Kevin O’Neill by dialing 915-373-0989. Another way to find out a great deal about Kevin O’Neill and what he gives his clients is to go to his website www.ONeillfinance.com. You are doing the correct research so keep going until you find the perfect fit for you.