How Do Financial Advisors Get Paid On Commision

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But many other types of professionals who advise you how to invest your money are not obligated to do. the Financial Services Institute, which includes smaller independent advisers — contend that new rules could disrupt the way they.

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Fee-only planners don’t accept commissions or kickbacks and are paid solely. creating financial plans. This is obviously a problem for people who don’t have enough assets. It also can be a problem for those who do, since the.

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If you want money advice you can trust, your best bet is to hire a fee-only financial planner. The trick is finding a planner who’s willing to be hired for a reasonable fee. Fee-only planners don’t accept commissions or kickbacks and are.

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If you want money advice you can trust, your best bet is to hire a fee-only financial planner. The trick is finding a planner who’s willing to be hired for a reasonable fee. Fee-only planners don’t accept commissions or kickbacks and are.

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“I’m not sure when I became the bad guy,” says Brad O’Morrow of O’Morrow Financial Services in his comment letter on the proposal to ban embedded commissions. It’s a sentiment expressed in other comment letters from advisors.

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Some financial advisers are riddled with conflicts of interest, making extra cash for themselves when they put your money in bad investments. Hidden fees and sales commissions. napfa.org. Do ask about compensation. Your.

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A simple guide: I started my career as a stockbroker (my card said “financial advisor”) at one of the largest Wall Street brokerage firms. I can’t count how many times clients and prospective clients asked me, “How do financial advisors get paid?”

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But based on my 30 years of experience writing about financial issues, I also know that there are plenty of competent and honest advisers who genuinely. adviser from any source (fees, commissions, "trail" commissions paid on a.

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(The National Association of Personal Financial Advisors, Napfa.org. “Poke them about how they will get paid.” Be prepared to do some of the talking in the interview. “Just like when you go to the doctor, bring a list of questions,”.

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