Zach Palmer Quoted in MarketWatch - When Should You Change Financial Advisors?

Is your financial advisor recommending commission products? Is that a red flag? A recent MarketWatch column shared the story of a retiree whose advisor claims they pay no fees. The reality seems to be something much different. 

How is Your Financial Advisor Compensated?  

There’s no such thing as a free lunch. If an advisor is recommending any type of insurance product ask them how they are making money on it. If an advisor receives commissions they are NOT working in your best interest. Be sure to read the fine print. If your advisor receives commission compensation they are not obligated to act as a fiduciary and put your interests first. 

Read the full MarketWatch article: 'Is it a bad idea?’ I’m 69 and retired. I’ve had the same insurance agent for 15 years, who sold me annuities earning 3%. I’m considering getting more investment advice from him.