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Has your financial advisor ever shared with you how they get paid? Have you ever asked?
Whether you have or haven’t, we are here to answer that question.
In this episode, David Pulcini invites the financial advisor legend of Rochester, Tom Hamilton of Hamilton Wealth Management, to the podcast to share his wisdom about the industry. We discuss the difference between fee-based and commission-based businesses.
David and Tom discuss:
- The difference between advisory and brokerage
- How advisors earn commission
- Why commission can cause a Conflict of Interest
- And more
Related: 6 Points To Consider Before Your 2023 Retirement with Joe Prestigiacomo