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In this episode of "The Life Well Lived: A Physician's Guide to Wealth" podcast, host James Nutter delves into the lack of transparency surrounding how financial advisors get paid. He highlights the absence of financial education for physicians and the potential conflicts of interest that arise when working with advisors who may not have their clients' best interests at heart.

Nutter breaks down the different ways financial advisors are compensated, including robo-advisors, commission-based products, assets under management models, flat fee-based fiduciary financial planning, and flat fee-only fiduciary financial planning. He emphasizes the importance of finding a fiduciary advisor and provides insights into his own fee-only approach.

Timestamp	Summary
2:39	Fiduciary vs Suitable Financial Advisors Explained
5:09	Exposing Financial Advisor Secrets and Ensuring Fiduciary Transparency
6:51-	Robo Advisors Versus Human Financial Guidance
9:21	Navigating the Pitfalls of Commission-Based Financial Advising
10:54	Insurance Products Disguised as Investments
11:23	Captive Advisors and Their Impact on Young Physicians
12:21	High Turnover and Sales Quotas in Finance Careers
13:08	Understanding Commission-Based Products
13:42	Unveiling Hidden Investment Fees and Conflicts of Interest
17:08	Understanding Conflicts in Asset Management Fees
19:26	Understanding Flat Fee-Based Fiduciary Financial Planning
21:12	Transitioning to Transparent Fee-Only Financial Planning
25:58	Choosing a Fiduciary Financial Advisor Is Crucial

Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.

A Physician's Guide to Wealth - 5 SHOCKING Ways Financial Advisors Get Paid

Financial Residency