Your Financial Adviser Doesn't Want You to Know About These Conflicts

A shift in the payment methods for financial advice in the US has brought investors and their advisors in line with each other, although conflicts of interest persist. Over the past decade, there has been a significant move towards fee-based advisors, who charge clients an annual fee based on their investment portfolios, usually between 0.75% and 1.25%. This transition has led to trillions of dollars being transferred to these advisors who prioritize fees over commissions.