There are several models advisors can use to charge for their services, and all come with a significant amount of debate over which is best.
“A lot of businesses confuse their regulatory model — RIA, broker-dealer, etc. — with what they actually do,” [Matt] Lynch observed. If you allow this regulatory label to determine how you get paid, it may lead to a “fundamental disconnect” with your value proposition.
Read full article:
Should Advisors Change How They Charge?
By Sherry Christie, from the September issue of INVESTMENT ADVISOR, August 31, 2015