Who's Got Your Back? - Show 28-1

Tuesday, May 1, 2012 2,815 views

A fiduciary puts a client’s interests first. The definition of a fiduciary is: a person to whom property or power is entrusted for the benefit of another. Unfortunately, the commissioned brokerage business is not currently held to a fiduciary standard, so it behooves investors to understand the differences between a commissioned salesperson and a fiduciary. Mark and Tom discuss three ways advisors get paid: Commissioned, Fee-Based, and Fee-Only. Fee-only Advisors are true fiduciaries. See Show 28-1Show 28-2Show 28-3. Show 26 is also related to this content: see Show 26-1Show 26-2Show 26-3.  Also see this article for more information about the fiduciaries.

PDF of Slides in this segment

mark hebner show 28: importance of fiduciaries who's got your back - show 28-1fiduciary dutymanagement feesfees