Commission: You might not pay directly for some services, but the advisor is paid based on the financial products and services they sell you. Fee-only: Wealth advisors who are paid using a fee ...

Anybody who follows financial news has probably heard of fresh rule changes by the US Department of Labor (DOL) regarding popular tax-deferred retirement programs, such as 401k plans and ...

Most financial advisors are compensated by fee-based models, and by 2026, more than three-quarters of the wealth management industry is expected to operate on a fee-based model, according to the ...

While fee-based financial planning has won over many wealthy investors, some clients, especially the more self-directed ones, still prefer commissions and no-fee platforms, according to a report ...

“If your relationship is commission-based, it can be expensive and hard to determine [the cost] as many products have the cost buried in expense ratios and surrender charges,” says Favorito.

Financial Advisor Services Some of the confusion noted by McCullough about what financial advisors do comes from the wide range of people who claim the title, as found in the table below.

The fee-based model benefits both parties, said Ron McCoy a portfolio manager on Covestor, the online investing company, and founder of Freedom Capital Advisors in Winter Garden, Fla.

Avantax Wealth Management is an independent broker-dealer firm that offers financial planning and asset management services. It's been around since 1983 and has tweaked its business several times ...