Aren all advisors “fee-only,” like Camarda?
No, in fact the vast majority is not. So-called “Merrill Lynch Rule” advisors are in the business selling products, often on commission, and the advice they offer is “incidental” to their main job of selling product. The standard of duty and accountability for advice being in the client’s best interest is much lower than the “fiduciary” standard which fee-only advisors willingly accept. “Fee-based” advisors actually accept both fees and commissions, making their duties, and discerning whose interests they serve, sometimes hard to keep up with. Fee-only advisors get paid from only one place – the client – and own them their highest loyalty and competence. Click here to learn about advisors’ pay structures and client duties through our FREE ISIS® Portfolio Plan™ offer.
