Working with a Registered Investment Adviser puts you in the Chairperson’s seat.
This short presentation explains the difference between fee-only advisers (no commissions) who are Registered Investment Advisers, and commission-only advisers (note: the term fee-based generally refers to an adviser who is compensated by BOTH fees and commissions).
Fee-only advisers are ONLY paid by YOU … they have no other sources of compensation so it is clear who they work for … YOU … and if they do have other income sources, those details should be disclosed in their firm ADV and/or other documents you receive when you first meet … in other words, full, open and honest disclosures and conversations.
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