How does compensation work for wealth managers? Is most of your pay based on commission?
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As I understand it, some are commission based and some aren’t. If you want to avoid the conflict of interest that arises from them making money on your purchases, I think “fee-based fiduciary” are the magic words you’re looking for.
Fee-based is not the same as fee-only. Meet with multiple advisors at various companies, gauge styles, if they help you accomplish your goals, their comp is irrelevant.