What is a fee-based service? How does it compare to paying commissions?
• There are several methods of paying for investment advice. Each method has its advantages. I provide Fee Based services. My objective is to increase and optimize returns for my clients. • When making commissions, the advisor is paid by the brokerage company to sell specific securities, mutual funds, and annuities. The investment advisor receives a part of the commission, front or back-end load or other fees inherent in the products. Under this method, advisors are motivated to sell products to increase their income. • I am compensated through fee-based services which are determined on an hourly basis or a percentage of assets under management. You pay for the time that I spend on your financial investments. I receive no payments from any mutual fund, annuity plan, or broker which I recommend. I am not tied to selling anything but information and advice which I invoice directly to my clients.
