The Move Toward Fee-Based Advisory Accounts

by Brandon Miller on Apr 11, 2018

Fee-Based, Education, Financial Planning

A major shift has occurred in the financial world. More and more financial professionals have moved away from the industry’s traditional compensation model to a new one – in the eyes of many of them, a better one.
Increasingly, financial professionals are introducing their clients to fee-based accounts. This means a change in the way a financial advisor is paid for some or all services. It also implies a meaningful change in the advisor-client relationship. 

An Update to the Fiduciary Standard

by Brandon Miller on Apr 6, 2018

Fiduciary, Fee-Based, Education

This year, the Department of Labor intends to introduce a new rule regarding retirement plan accounts, with full implementation envisioned by 2018. Under this new rule, financial professionals who consult retirement savers will be held to a fiduciary standard of care. In other words, they will have an ethical and legal obligation to always act in a client’s best interest.1,2

The Rise of the Fee-Based Financial Professional

by Brandon Miller on Dec 13, 2017

Financial Planning, Fiduciary, Fee-Based

A wave of change is transforming the financial services profession. The shift has been gradual, but noticeable. 

In the days before the Internet and gourmet coffee on every corner, compensation usually resulted from product sales. A client opened up an investment, and the broker who “sold” that investment received a commission as an outcome.  

Subscribe to Fee-Based