Free financial advice? Not really.

In a time when we're inundated with supposedly free financial advice, online tools, and apps, the question often arises: Why pay for something that, at first glance, appears to be free? But the reality is more complex: There is no such thing as truly free financial advice . Often, there are hidden costs or vested interests at play that cloud the appearance.

1. Time and expertise have their value

Professional financial advisors invest a lot of time in providing individualized support to their clients. This work is intensive, as they analyze the client's individual situation, assess risks, and develop future strategies. Although this advisory service is sometimes offered "free of charge" at first, compensation is usually paid through commissions or hidden fees included in the financial products.

2. Transparency as the key to trust

While having a financial advisor's work compensated through commissions rather than on a fee basis has the advantage that the client doesn't pay for the service directly from their bank account, telling the client that it's "free" just because they don't pay the advisor's fee directly makes no sense in our view. At Hansa Private Advisory, we work on both a commission and fee basis, but we attach great importance to complete transparency , especially with commission-based agreements . This means: Our clients always know exactly where they stand. We openly inform them about all costs involved and point out any hidden fees that may be included in the financial products. Upon request, we are also completely transparent about how much we actually earn from a recommendation. This is the only way an advisor can ensure that the decisions made together are always based on a clear and honest foundation.

3. Avoid hidden costs

Many so-called free consultations come at a price—whether in the form of higher fees for the recommended financial products or in the form of conflicts of interest. If commissions aren't transparent, there's a risk that advisors will be more likely to recommend products that generate more profit for themselves rather than those that are most beneficial for the client.

5. Investing in your future

While professional financial advice costs money—whether through direct fees or commissions—this investment is worthwhile in the long run. Good advisors don't just analyze your situation superficially; they develop a holistic strategy that considers both your current situation and your future goals. Whether it's wealth accumulation, insurance, or retirement planning, transparent advice enables informed decisions and minimizes the risk of costly mistakes in the long run.

Conclusion: Open advice for long-term success

It's important to realize that there are no truly "free" advisory services in the field of financial advice . You either pay indirectly through commissions or inferior products – or you invest directly in independent, high-quality advice. In any case, good financial advice is worth the money and can lead to a healthier and more stable financial future in the long run.

Tip: When choosing a financial advisor, make sure all fees and commissions are disclosed. Transparent advice saves money in the long run and ensures you can make the best financial decisions for yourself and your future.