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re: Should I continue with my Advisor?
Posted on 1/27/17 at 3:53 pm to Jblac15
Posted on 1/27/17 at 3:53 pm to Jblac15
First of all you have to know the difference between an Advisor and a Broker. If your guy is at LPL ( a Broker Dealer) he is probably a broker, meaning he is compensated based on the fees and products he sells you. An Advisor is either state or SEC registered and gets paid normally on percent of assets.
Not saying I would never use a broker but you need to understand how your guy gets paid.
Not saying I would never use a broker but you need to understand how your guy gets paid.
This post was edited on 1/27/17 at 3:58 pm
Posted on 1/27/17 at 7:34 pm to 1609tiger
FYI most wirehouses have the capacticy to work as a broker dealer or as an RIA. LPL certainly has the ability to offer fee base only.
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