In part 2 of this episode, we will ask David Contorno, President of Lake Norman Benefits and Benefits PRO's 2015 Broker of the Year, about performance-based compensation and his belief that it puts advisors in a much better long-term position.

Forbes Magazine called Contorno one of America's most innovative benefits leaders. As he works with clients and travels the country consulting with prospects and other advisors, he has come to the conclusion that if you use today's tools and techniques in a whole-benefits strategy, the best model to differentiate yourself is with performance-based compensation.

We explore that concept — what it is and what it is not — and it helps advisors deliver a better overall experience for clients while helping to drive significant non-product revenue to their practices.