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SPONSOR: http://www.MarcinkoAssociates.com
By Dr. David Edward Marcinko MBA MEd CMP™
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MEDICAL COLLEAGUES BEWARE!
Investment fees still matter for physicians and all of us, despite dropping dramatically over the past several decades due to computer automation, algorithms and artificial intelligence, etc. And, they can make a big difference to your financial health. So, before buying any investment thru a financial advisor, planner, manager, stock broker, etc., it’s vital to understand these two often confusing costs.
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Fee Only: Paid directly by clients for their services and can’t receive other sources of compensation, such as payments from fund providers. Act as a fiduciary, meaning they are obligated to put their clients’ interests first
Fee Based: Paid by clients but also via other sources, such as commissions from financial products that clients purchase. Brokers and dealers (registered representatives) are simply required to sell products that are “suitable” for their clients. Not a fiduciary.
SPEAKING: Dr. Marcinko will be speaking and lecturing, signing and opining, teaching and preaching, storming and performing at many locations throughout the USA this year! His tour of witty and serious pontifications may be scheduled on a planned or ad-hoc basis; for public or private meetings and gatherings; formally, informally, or over lunch or dinner. All medical societies, financial advisory firms or Broker-Dealers are encouraged to submit a RFP for speaking engagements: MarcinkoAdvisors@outlook.com
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Filed under: "Ask-an-Advisor", "Doctors Only", Accounting, CMP Program, Financial Planning, Funding Basics, Glossary Terms, iMBA, Inc., Investing, Marcinko Associates, Risk Management | Tagged: certified medical planner, CFP, CMP, fee based, fee only, fiduciary, financial planner, investment advisor, investment fees, Marcinko, stock broker |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
FEES
Due to high financial advisor fees, and crashing stock markets, people now choose both budgeting tools and affordable online financial resources instead.
Financial anxiety prompts people to adopt low-cost automated systems comprising robo-advisors and user-friendly apps for budgeting tasks and developing financial plans.
The available digital resources supply people with financial control through affordable systems that substitute expensive professional financial advisors.
SAM
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