MyMoney Online, The Personal Finance series with Warren Ingram

Why it matters how you pay your financial advisor

There are a lot of different ways financial advisors can be remunerated. They could, for example, earn commission on products they sell. Or, just like a doctor or lawyer, you could pay them for their time.

The way you pay your financial advisor matters a lot, says Warren Ingram, Financial Advisor at Galileo Capital, in an interview on 702/CapeTalk’s The Money Show.

Ingram discusses the following points (and more):

  • Product selling

  • Churning of products

  • Transactional relationships vs. long-term relationships

Scroll down to listen to the audio.

Research shows that more than two-thirds of clients are happy that their advisors are paid from commission. Unfortunately, commissions are here to stay.

Warren Ingram, Galileo Capital Financial Advisor

An advisor that churns products should be banned from doing business.

Warren Ingram, Galileo Capital Financial Advisor

When you pay upfront you know with absolute certainty that the advice you receive is good for you.

Warren Ingram, Galileo Capital Financial Advisor

This article first appeared on 702 : Why it matters how you pay your financial advisor


CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
5 things you must do now if you plan on retiring in roughly 10 years

5 things you must do now if you plan on retiring in roughly 10 years

Warren Ingram, Financial Advisor at Galileo Capital, has these tips for anyone wishing to retire a decade or so from now.

It costs peanuts to insure your most valuable asset

It costs peanuts to insure your most valuable asset

Your most valuable asset – your ability to earn an income – is worth 10 times more than your house, yet it’s very cheap to insure.

Can’t (or won’t) buy to let? Don’t sweat; there’s a far more lucrative option

Can’t (or won’t) buy to let? Don’t sweat; there’s a far more lucrative option

Financial planner Claude Hannah compares the costs, risks and returns of property unit trusts to that of buy-to-let properties.

How to make the most of a financial windfall (tax refund, bonus, gift, etc.)

How to make the most of a financial windfall (tax refund, bonus, gift, etc.)

Make the most of an unexpected (or expected) windfall such as a bonus, inheritance or (we can dream, can’t we?) lottery jackpot.

How to tell a truly amazing investment from one that’s merely a scam

How to tell a truly amazing investment from one that’s merely a scam

Bruce Whitfield talks to Warren Ingram, Financial Advisor at Galileo Capital, about telling the difference between the two...

Healthy money habits to form while you’re still young

Healthy money habits to form while you’re still young

Cultivating healthy money habits from a young age is vital if you’re to achieve financial fitness, says Warren Ingram.

8 lessons I’ve learnt about investing from driving my car

Financial Planner for The Financial Coach Gregg Sneddon uses driving as an analogy to teach some valuable lessons about investing…

Popular articles
'Banned ANC delegates have shot themselves in the foot, got what they deserved'

'Banned ANC delegates have shot themselves in the foot, got what they deserved'

Deputy Editor of Financial Mail, Sikonathi Mantshantsha says branches were warned but did not listen, and he has no sympathy.

Adam Habib: Where would the money to fund free education come from?

Adam Habib: Where would the money to fund free education come from?

Vice-Chancellor of Wits University Adam Habib says Zuma's promise requires about R40 billion in order to be fulfilled.

[LISTEN] 'I never wanted to be President, I was not ambitious'

[LISTEN] 'I never wanted to be President, I was not ambitious'

Listen to what President Zuma had to say on Friday at the #ANC54 Gala Dinner ahead of the elective conference.

JUST IN: Some delegates barred from voting #ANC54

JUST IN: Some delegates barred from voting #ANC54

ANC secretary-general Gwede Mantashe announced that some delegates will not be able to vote in this weekend's elective conference.

Van Damme: De Lille has until Monday to respond to maladministration claims

Van Damme: De Lille has until Monday to respond to maladministration claims

The DA has suspended Patricia de Lille from party activities but Eusebius McKaiser says its statement 'is clear as mud'.

LISTEN: Father of drowned toddler speaks of dangers and heartbreak

LISTEN: Father of drowned toddler speaks of dangers and heartbreak

Connor Weber, fell unnoticed into a bin of water and drowned.

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Watch the Guptas pack their bags and run in Nando's inspiring new advertisement.