We find that many people ask how financial advisors are paid, and it’s a very valid question. The majority of Godfroy Financial clients pay no out-of-pocket fees. Instead, our fees are paid by commission when you purchase insurance or an investment products, such as a Segregated Fund or a life insurance policy.
Fund companies normally charge a fee when you purchase their investments. However, this fee differs depending on the fund you select. We will explain all of this to you before you purchase investments. That way, you’ll know what to expect.
If your financial situation is complex, or if you prefer, we charge a fee for our financial planning and investing services. Again, we’ll talk about this ahead of time, so you can choose the option that works best for you.