Commision-Based Products Give Advisors the Wrong Incentive

One reason that products like annuities are still being sold to investors is that advisors are being given large financial incentives for selling them. Ira shares two different mass emails he received this week from companies that are trying to help him as an advisor sell annuities or other commision-based products. Listen along as the Paul Winkler team talks about why commission-based products give advisors the wrong incentive and could put them at odds with their fiduciary responsibilities. Later in the episode, Jim finds many investors are being convinced that investing is gambling. Today, he brings an article called “Investing, Done Correctly, Is Not Gambling” to sort out some of the misinformation.

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