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How are Financial Planners compensated-by commissions, fees or both?

Compensation Financial Planner Little Rock, Arkansas
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Edward Mahaffy, MBA, CFP, ChFC
Many advisors charge a percentage of the value of the assets they manage-typically 1.0% to 2.0%. Most advisors are licensed to sell products and earn commissions as well.

It’s critical to identify all sources of advisor compensation and determine which compensation model makes the most sense for you. Be advised that many financial products have commissions that can be difficult to identify. Require the advisor to disclose, in writing, any revenue sharing or commission arrangement they may have.

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