What role do commissions now play for advisors?
November 13, 2024 by Josh Welsh
InvestmentNews survey highlights almost half of advisors continue to be compensated by commissions despite model often being publicly denounced.
Click HERE to read the full story via InvestmentNews.
Wink’s Moore on the Market: I have to admit InvestmentNews has me stumped with this one.
What about the many hybrid RIAs that collect commissions AND do AUM?
How are they represented in this survey?
And can I just say that I love my friend, Barry Flagg, CFP®, CLU, ChFC, GFS®, AEP®??? He never holds back.
“Financial advisors, as distinguished from investment advisors, ‘must be able to accept commissions to serve clients’ best interest as a practical matter,’ Barry Flagg, managing director at Triangulum Financial Partners, said in an email. ‘The last, largest, most-neglected and worst-performing asset for most clients’ is their life insurance. Clients therefore need financial advice about their life insurance as much or more than anything else.'” -sjm
