- Financial planner and investment advisor compensation paid by third parties - Financial Advisors, Investment Counselors, and...
Financial planner and investment advisor compensation paid by third parties - Financial Advisors, Investment Counselors, and the Financial Industry > Payment of Investment Advisors, Financial Planners, and Investment Counselors - Financial Articles, How an advisor is compensated can be a very important issue. There are three primary types of third party or commission based compensation commission only, fee based commission, and fee offset commission. With commission only advisors, there is no direct cost to the client for planning and advice. The advice appears to be free, but it is not. Most clients find that ‘planning’ conversations focus quickly on the purchase of products through a commissioned advisor.
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