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How can independent financial advisors be paid?
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1 Answers
Percentage fee: This is the most common way for advisers to charge, perhaps because it most closely resembles how they used to charge under the commission model. It's based on a percentage of the money you want advice on or managed.Fixed fee per service: These fees are charged each time you go to the adviser for different 'projects', such as consol
What all comes under wealth management?
Asked by unknown
1 Answers
Wealth management is a broad financial term. It involves basic financial planning, estate planning, legal and tax advice, and investment management services.
What is the role of a financial advisor?
Asked by unknown
1 Answers
Financial Advisors typically provide clients/customers with products and services. Financial Advisors may wear multiple hats, depending on the licenses they hold and the training they have. For example, an insurance agent may be qualified to sell you both life insurance and variable annuities. A broker may also be a financial planner.