I'm wondering how financial advisors charge for their services. Do they charge a flat fee, hourly rate, or is it based on a percentage of my investments? How does it typically work?
7 answers
NavigatorEcho
Tue Oct 29 2024
Commission-based financial advisors earn money through product sales.
KpopStarlight
Mon Oct 28 2024
This compensation model can incentivize advisors to recommend products that generate higher fees.
DigitalDragonfly
Mon Oct 28 2024
Their fees are tied to the financial transactions they recommend to their clients.
Martina
Mon Oct 28 2024
When a client follows the advisor's advice and makes a purchase, the advisor receives a fee.