Commissions are a form of variable-pay remuneration for services rendered or products sold. Commissions are a common way to motivate and reward salespeople. Commissions can also be designed to encourage specific sales behaviours.
We have been talking about a change on the horizon of charging a fee for service rather than being paid by commission.
The traditional way of being paid in the financial planning world is by commission.
However, is financial planning better suited as a fee for service.
There is structure and value to fee for service. What services are you getting from your Financial Planner.