advisor compensation models

https://wiki-byte.win/index.php/What_to_Look_for_in_a_Certified_Financial_Planner_and_How_to_Avoid_Costly_Mistakes

Advisor compensation models vary widely, from fee-only structures where advisors charge a flat rate or hourly fee, to commission-based models where they earn money from products they sell, like insurance or mutual funds. Many advisors use a hybrid model, combining fees with commissions, which can create potential conflicts of interest. Understanding how your advisor gets paid is crucial for assessing their advice's objectivity and aligning it with your financial goals.