This Business News Story Was Uncovered By Us From: https://www.youngadultmoney.com/financial-advisor-student-loans/
This selected trade connected news Feature, was selected personally by Marcus lee, who is one of our undercover online business News flash reporters – will offer you more insight in how these points of discussion could be translated into your own business Launchs.
During a recent student loan repayment webinar I was asked the question “can I trust my financial advisor with my student loans?”
This is a really important question that I thought would be worthwhile to address in a post. It’s a question that will come up again and again, as a higher percentage of Americans have student loan debt into their 30s and beyond.
I’ll cut to the chase: one of the biggest reasons I tell people they should not trust their financial advisor with their student loans is because of incentives the advisor has. Let’s say you work with a registered investment advisor, such as a Certified Financial Planner, or CFP. Many CFPs make money by operating under a model where they charge an annual fee based on the amount of assets you invest with them.
For example, let’s say you invest $100k with a CFP operating under this model. They would charge approximately $1,000 a year. Now, your invested assets almost a… Read More
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