August 22, 2024

The Hidden Cost of Ignoring Advisor Fees! Hosted by Eric Miller with Guest, Eric Gersch

32 minutes

The Hidden Cost of Ignoring Advisor Fees!

Are you maximizing the value your financial advisor brings, or are fees eating away at your potential?

Unlock the secrets to financial freedom and take back CONTROL of your wealth with our latest discussion!

Join your BFFF, Best Financial Friend Forever, Eric Miller, and Eric Gersch in this empowering Financial Beast podcast episode as they unravel the complexities of compensation models for financial advisors and spotlight the fee-based approach that empowers practice owners to expand their business and personal wealth.

Discover how our unique financial training model at Econologics Institute, LLC, affiliated with Econologics Financial Advisors, offers a holistic approach—combining planning fees, asset management fees, and commissions—to help you build personal wealth. This is your chance to become a Financial Beast and transform confusion into clarity.

Don't let recession fears hold you back. Embrace the education and action that lead to true financial control!

#FinancialAdvisorCommissions #AdvisorFeeStructures #FinancialIndustryConfusion #WealthManagementCosts #FeeBasedAdvisor

CHAPTERS:

00:00 - Intro

01:49 - Compensation Models for Financial Advisors

03:55 - Commission-Based Advisor Payments

05:58 - Fee-Only Advisor Payment Structure

10:22 - Value of 1% Asset Management Fee

14:45 - Fee-Based Advisor Overview

21:22 - Our Business Model Explained

24:30 - Client Services and Benefits

25:17 - Financial Advisor Cost Breakdown

26:50 - Rate of Return with Financial Advisors

28:33 - Sources of Investment Returns

30:24 - Financial Advisor Impact on Net Worth

32:06 - Importance of Value Over Fees

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Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

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