⟩ Tell me how do you get paid for investments you recommend? Do some pay more than others? Are you paid commissions on investments or other products you sell? Do you receive payments from mutual funds or investment companies you recommend? Aside from what I pay you, what other costs will I incur?
Advisors should be 100 percent transparent when it comes to explaining their fee structure so clients fully understand how they are paid. They should define which portion of the fee is paid out to the firm and which portion is paid out to the advisor.
Does your advisor charge on a tiered rate system or does he or she receive commissions on the assets you invest? It's important to understand the commissions that your advisors receive and whether or not they receive payments from mutual fund companies or investment companies that they recommend.
