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A financial fiduciary need not cost more than a financial advisor. Financial advisors may be paid a flat fee per job, an hourly rate or a percentage of assets under management. In contrast, a ...
A financial adviser or financial advisor is a professional who provides financial services to clients based on their financial situation. In many countries, financial advisors must complete specific training and be registered with a regulatory body in order to provide advice.
Financial advisor is a broad term that describes professionals who assist clients with decisions about investments, money management, financial goals and more. They may concentrate in an area like ...
"Advisor" and "adviser" are two terms used interchangeably when referring to someone who gives financial advice. While the former is more commonly used, the federal law that established how ...
This is a different standard of care, but most consumers are unaware of the difference, as any of these professionals may call themselves a financial advisor. In some instances a firm may be "dual registered", meaning they are a registered investment adviser along with being registered as a broker-dealer. In that case they may provide advice ...
Financial Advisors Don’t Abide By the Same Standards. On the other hand, financial advisors aren’t held to the same legal standard. They’re not bad, per se, but there’s no ethical or legal ...