In this video, I discuss the various types of financial advisors and the different compensation structures they fall under. This is for those who are asking, “How is my financial advisor paid?” I will explain the distinctions between commission-based, fee-based, and fee-only advisors, highlighting the conflicts of interest that may arise in each model. By understanding these differences, you will be better equipped to choose the right financial advisor for your needs. Hopefully, this information will empower you to make informed decisions about your financial future.