Financial Advisor Compensation: Fee-Only vs Commission vs Fee-Based
How does a financial advisor make their money and how can you expect to pay for their services or products? Financial advisors typically use one of three structures to earn compensation: fee-only, commission-based, and fee-based. To find the ideal financial advisor for you, it’s important to understand his or her compensation structure upfront.Today, we’re examining Financial Advisor Compensation to help you make the most informed decision when it comes to finding a financial advisor you trust.