About The Primary Benefit of Fee-Only Financial Advisors

If you were paid a commission for offering a company's services to clients, wouldn't you be incentivized to prioritize those services? Yes, you would. This is the main issue with fee-based financial advisors. Even though most of them want the best for clients, their decisions are inarguably influenced by commissions offered by financial services companies. For example, a major corporation may pay a fee-based financial advisor $100 for every annuity that they sell.