So, you have decided you want to leave the DIY behind and get some help with your money. That is until you start searching and find that you need a degree in finance just to understand the different types of services and fees.
Save yourself some time with this guide to the most common types of advisors, how they are paid and the duty they owe to you as their client.
Option 1: Sales-Driven Advice
Someone who sells products like mutual funds, bonds, insurance policies or annuities often receives a commission from the various products they recommend. They might receive a commission at the time you purchase their product, throughout the time you own it, or at the time you get rid of it.