Thousands of investors have told us they are confused by the investment jargon that is used by financial advisors. We also know some terms, that investors don't understand, are used by advisors as sales ploys. They establish themselves as experts when they define a term you may not understand.
There is an alternative. We have defined more than 1,500 commonly used financial terms. Look-up a definition by entering the term in the search engine or using the alphabetical search service.
Definition of 'Independent Contractor'
A high percentage of financial advisors are independent contractors and are not employees of the financial services firms that license them. They pay their own expenses and taxes and retain higher percentages of revenues that are generated from investor assets. Independent contractors usually have less pressure to sell particular products compared to advisors who are employees.