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What is difference between a registered investment advisor and a traditional stock broker?

April 26, 2017advisor broker Investment registered stock traditional

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What is difference between a registered investment advisor and a traditional stock broker?

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A. Registered Investment Advisors are governed by Securities Exchange Commission and Stock Brokers are registered with National Association of Securities Dealers. Unlike traditional stockbrokers, MFFM does not charge any commissions. MFFM deducts a percentage fee at the end of each quarter for management fees. Therefore, both advisor and client work toward the same goal of growing the value of the account. MFFM is not limited to proprietary offerings and our clients receive unbiased investment advice.