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What is the best, least expensive, most fiduciary way to pay for financial advice? In this episode of the Personal Financial CEO podcast, financial planners Steven A. Boorstein, PharmD, CFP® and Aiden Boorstein discuss four ways financial financial advisors charge for their services (commissions, hourly, AUM and flat-fee), including some of the pros and cons of each. They focus most of the discussion on the two common ways people pay for financial advice: traditional Asset Under Management (AUM) fees and the newer Comprehensive Flat-Fee. Steve and Aiden end the episode with an example of the potential difference over in cost and portfolio value, 20 years, between an advisor who charges an AUM fee vs an advisor who charges a Flat-Fee. Are you considering working with a financial advisor but unsure about the fee structures? This comprehensive video breaks down the four primary ways financial advisors charge for their services: Flat-Fee, Assets Under Management (AUM), Hourly Rate, and Commissions. We delve into the pros and cons of each model, helping you understand what to expect and how to choose the best fit for your financial planning and investment needs. Make an informed decision and ensure transparency in your financial journey. Learn how to evaluate the cost versus value of financial advice to achieve your long-term goals. #FinancialAdvisorFees #FlatFeeAdvisor #AUM #InvestmentAdvice #FinancialPlanning #PersonalFinance #AdvisorCosts #RockCrestFinancial #MoneyManagementTips #FinancialAdvisorFees #FlatFeeVsAUM #FinancialPlanningCosts #InvestmentAdviceFees #PersonalFinanceTips #RockCrestFinancial #AdvisorTransparency` `#MoneyManagement` ⚡️Join our podcast newsletter! https://rockcrestfinancial.com/podcas... 00:00 Introduction 00:38 Different Ways Advisors Charge 01:33 Commissions 02:03 Hourly Fee 02:31 Flat Fee 03:29 Assets Under Management 05:23 Flat Fee Model 07:46 Benefits of Flat Fee Model 09:44 Comparison: AUM Fee vs Flat Fee 12:38 Conclusion Interested in exploring how a comprehensive flat-fee relationship with a Personal Financial CEO can help you you achieve your goals, guided by your values? Our comprehensive financial planning services are provided for one, all-inclusive flat-fee that includes all planning, coordination, organization, accountability, investment management and advice. ⚡️ Visit us at: https://mailchi.mp/rockcrestfinancial... The information presented in this podcast is intended for informational purposes only and does not purport to be investment advice or an offer of investment advice, an offer to buy or sell any security or a recommendation of any investment strategy or course of action. Any graphs, charts, or calculations used are for illustrative purposes only. Check out our full disclosures at: https://rockcrestfinancial.com =========================== Connect with us! ============================= ➡︎Website: https://rockcrestfinancial.com/ ➡︎Podcast/Newsletter: https://rockcrestfinancial.com/podcast ➡︎Facebook: / rockcrestfinancial ➡︎LinkedIn: / stevenaboorstein ➡︎YouTube: / @personalfinancialceo ➡︎Instagram: / personalfinancialceo ➡︎Twitter: / stevenboorstein #PersonalFinancialCEO #StevenBoorstein #RockCrestFinancial Our mission here at The Personal Financial CEO Podcast and RockCrest Financial is to help clients reach the best financial health of their lives and stay that way forever.