The Ins and Outs of Compensation Within The Financial Industry (Ep. 10)
“How much and how do you get paid?”
This can be an uncomfortable question to ask your current or prospective financial advisor.
This week, Ryan Poterack discusses the importance of transparency in how financial advisors are compensated today. Ryan also explains different payment methods, such as commissions and fees, while emphasizing the need for this information to be accessible to consumers to ensure a strong client-advisor relationship.
Main talking points include:
- The various ways financial advisors get compensated
- The role (and importance) of transparency in any advisor-client relationship
- Poterack Capital Advisory’s approach to advisor compensation
- The client or advisor: Who should initiate the compensation conversation
- And more!
Resources:
- “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack
Connect with Ryan Poterack:
Connect with Poterack Capital Advisory:
- Poterack Capital Advisory
- Meet the team at Poterack Capital Advisory
- LinkedIn: Poterack Capital Advisory
- Facebook: Poterack Capital Advisory
- X (formerly Twitter): Poterack Capital Advisory
- 704-366-5776
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