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How Does Your Advisor Get Paid?. 1. Commissioned. Financial benefit can only be derived through transactions, creating a bias toward account activity. Unbiased advice is an improbable outcome. Commissioned representatives can receive incentives for selling one investment over another.
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How Does Your Advisor Get Paid? 1. Commissioned Financial benefit can only be derived through transactions, creating a bias toward account activity. Unbiased advice is an improbable outcome. Commissioned representatives can receive incentives for selling one investment over another.
How Does Your Advisor Get Paid? 2. Fee-Based May earn part from management fees, but also may receive compensation for commissioned-based products they are licensed to sell Conflicted and not held to a fiduciary standard
How Does Your Advisor Get Paid? 3. Fee Only Paid for Advice and Ongoing Management