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While finanical planning can be imperative for setting up future goals, knowing how financial planners work — and what approach works best for you — can be tricky.
In a video by Entrepreneur Network partner Brittney Castro, the certified financial planner goes over three different ways that people charge for financial planning.
The first method she explains is through a commission-based model. Financial professionals may charge a commission based on the products or solutions they offer you — this is usually done through mutual funds or insurance policies. Another way is by taking a percentage of the assets they manage for you. The last method Castro explains is a flat-fee method, which is determined on the services needed and the complexity of the financial life.
To help you learn more and reach your financial goals, click play.
Watch more videos from Financially Wise Women’s Brittney Castro on her YouTube channel here.
Related: Reach Your Financial Goals and Live the Life You Want
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