Is receiving financial planning revenues a conflict of interest?
Planning revenues are a form of compensation. They are not a conflict of interest unless you allow them to be. While you want to maintain your objectivity, you can ill afford to devote time to a client for which you are not compensated. Balancing this seemingly opposing situation is not as difficult as it may first appear. The main consideration is meeting the needs of your clients. You are already a successful professional. If the conflict of interest question really bothers you, ask your clients if they think it is a conflict of interest. When you ask your clients, you’ll find they do not consider it a conflict and that most prefer to pay by commission.
