The Differences Between Fee Based and Fee Based Financial Advisors

There's a term called fee based, which in my view was created to confuse people. I would say really that I would call that instead of calling it fee based I call it fee and commission. The confusion comes in the middle because there are people that are in the middle. A money manager is usually played as a percent of the money the money they're managing. And then brokers like Merrill Lynch are commission.