Are advisor commissions always bad?

Question

At the moment, I am comparing several advisory relationships and the fees are quoted in completely different ways. At the moment, one charges a percentage of assets, another charges hourly, and another earns commissions or has investment expenses inside the products. Right now, the decision could affect roughly $28,000 in my situation, so I want to compare the tradeoffs instead of using a rule of thumb.

Soradin · Accepted Answer

Commissions can create incentives that should be disclosed, but the suitability of the arrangement depends on products, alternatives, and total cost. When the options are compared, financial professionals may charge a percentage of assets, a flat fee, an hourly fee, a subscription, commissions, or a combination. Before hiring anyone, check Form CRS or the applicable disclosure documents and confirm registration, and compare the relationship's total dollar cost and conflicts.

Are advisor commissions always bad?

Soradin

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