What do a used car, an old television with rabbit ears and an annuity policy have in common? You’ll have to see in this new 90 Second Finance video in which I discuss the Economic Bias of the commission-only financial advisor.
Last week, I introduced the topic of Economic Bias in the financial advisory realm. I discussed each of the three primary compensation models for financial advisors, and this week we take a closer look at the Economic Bias of those who earn their compensation solely from commissions.
I’d love to hear your feedback and any experience you may have had to support OR contradict my thoughts.
After a great September of guest posts from internationally recognized bloggers and authors[i], I’m going to spend the month of October turning a constructively critical eye toward the very business of which I’m a part—the realm of financial planners and advisors.
I’ll be tackling this territory in 90 Second style, beginning with an examination of the three primary compensation models into which nearly every financial advisor fits. And in keeping with my 2011 resolution, I can pledge that each of these video snippets DOES fall within my prescribed 90 second timeframe!
[i] If you missed any of the guest posts, check them out: musical philanthropist/author,Derek Sivers; travel-hacker/life blogger, Chris Guillebeau; personal finance blogging pioneer, J.D. Roth; and financial artist/industry agitator, Carl Richards.