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 ...

Asset-based advisors Registered investment advisors, or RIAs, and their personnel operate under a somewhat stricter regulatory framework. They’re considered fiduciaries, which means they’re ...

Fee-only financial planners are registered investment advisors with a fiduciary responsibility to act in their clients' best interest. They do not accept any fees or compensation based on product ...

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.

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 ...

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 ...

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 millennials I serve want a strategic partner—a wealth advisor who understands their ambition, financial complexity and drive for independence. Indeed, based on my experience, they most want ...