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Should You Go Fee Based or Commission?

This content was written for Kevin O’Neil

Are you looking for fee based planning El Paso financial advisors? If you are then, you are sniffing up the correct tree. Kevin O’Neill is a fee based financial planner in El Paso, who is able to service you in the best fiduciary way possible. If you have no idea what the difference between a fee-based planner is and a commission based planner that I will discuss that in just a few paragraphs. To contact Kevin O’Neill to set up your initial consultation give them a call at 915-373-0989.

When you hire fee based planning El Paso financial advisors, you are hiring a financial advisor for his or her time instead of for what he or she sells you. Fee-based financial planners are simply paid for the time that they spend with you not the type of insurance policies, annuities, or anything else that they sell to you. A commission-based financial advisor, on the other hand, is not paid for the time that they spend with you but instead they are paid based on the commissions that they receive for certain products that they sell to you. As you can see, there is a slight bias based on which type of financial advisor you go to and how they are compensated. If you go to a commission-based financial advisor no matter how hard they try, they are going to sway your decision to the products that they get paid more commission on.

Whereas, your fee-based financial advisors are simply going to give it to you straight because they have no motive to sell you one product over another. They will make sure that they find you the absolute best products no matter what because it doesn’t matter to them they are getting paid the same way no matter which product they give you. You can find excellent financial advisors in either category it is just good for you to know the difference between the two. Some people are strong opponents of one over another.

The financial advisers are definitely strong opponents of one over the other. The financial advisors who are fee-based are 100% against commission-based financial advisors. And most of the commission-based financial advisors are all for being a commission-based financial advisor. So it depends on who you talk to who the best financial advisor is to go to. Now that you know the difference between the way that financial advisors are compensated you can start making better decisions on who you want to utilize for your financial advisor.

As mentioned earlier Kevin O’Neill is a fee-based financial advisor simply because he believes that it allows him to ride the absolute maximum advising services to his clients without having any bias towards any specific product. The last thing that he wants to do is advise somebody to purchase a product based on a commission that he will receive from it if the product is not actually a product that is going to serve them in the best way possible. To contact Kevin O’Neill for your initial consultation call 915-373-0989.

Setting up a Financial Safety Net

This content was written for Kevin O’Neil

You can find financial advisors everywhere in El Paso. However, good fee based planning El Paso advisors can be hard to find. Financial planning is not a difficult profession to get into if you are willing to take a lot of tests and beat the pavement to get clients. However, not very many financial advisors make it past the first or second year because it is so daunting of a job and requires so much hard work once they get into it. Therefore, the entry is easy, but the success rate is low. Kevin O’Neill is on the side of being a successful fee based planning El Paso advisor. He has been through the hard stuff and is now on the other side with experience and knowledge to help you take control of your financial situation. To schedule your first consultation with Kevin O’Neill give him a call at 915-373-0989.

Kevin O’Neill deals with a whole host of different issues when it concerns your financial life. One of those is insurance financial planning. He wants to make sure that you are set up so that your insurance policies will cover any disasters that could strike. This is something that many people do not think about and do not pay heed to. That is the job of a good financial planner. Kevin O’Neil wants to make sure that if a disaster does hit your family that your finances are still solid. You have enough stuff to worry about when disaster strikes you don’t want finances to be yet another straw that breaks the camel’s back.

Kevin O’Neill is also a firm believer in having a financial security net. Or a financial safety net depending on what you want to call it. It really comes down to the exact same thing. You need to have a savings account of enough money to keep you going if something bad is to happen to you or your financial income. This goes along with a solid insurance plan, but it is completely separate. This is actual money that you have in the bank that is ready to deploy if necessary. He will help you figure out how to start saving money and how to put together a financial safety net even if you don’t think you have any extra money at the end of the month. This is what a good fee based planning El Paso advisor should be able to do.

I will briefly touch on the difference between a fee-based financial planner and a commission-based financial planner. Commission-based financial planners are simply paid a commission on the products that they sell to their clients. For example, if they sell you a life insurance policy they will get paid a percentage of the premium that you will pay. The company that you purchased your life insurance policy from will be the company that pays your financial advisor. A fee-based financial advisor, on the other hand, gets paid for the time they spend with you. So, in other words, you pay them for their knowledge, expertise, and ability to help you get on the straight and narrow and get your finances where you want them.