Investors pay performance fees to investment advisors based on how much money is earned from the investments that are chosen.

If a financial advisor is considered “fee-based,” it means they can earn compensation through a combination of both client-paid fees and forms of compensation related to selling certain products.

・Investors can pay for financial advice through flat fees, a percentage of assets, hourly rates, or commissions. ・Fee-only advisors typically avoid product sales, while fee-based advisors may earn ...