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How dealing with a fee-only advisor is good for the client (as seen in ecnomics times)

Wed, May 30, 2018 at 1:50PM

Remember that a person selling a product can never be a true advisor, as their interest lies in selling their product and meeting their targets.  So, who should someone seeking advice turn to? The best bet for the investor would be a fee-only advisor, who only offers advice, just like a doctor/lawyer and does not sell products and gets any remuneration from it.  In such a case, the dvisor would work in their best interest, offers the most appropriate solution and charges a fee for it.

 

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