[Halle]

Originally Posted by tony

As far as I'm concerned a person who holds himself or herself out as a financial planner must accept a fee as the ONLY form of compensation from you.

Otherwise the planner is merely another salesperson whose primary goal is his or her well-being, not yours. It is unreasonable and naive for you to expect any different.

If they make money only from what you buy or sell, you stand too much of a chance to not get advice on the best course for you to take.

I am very wary of sale-commission-only financial planners. The "financial planner" title is probably correct, but whose finances are being primarily planned?

I'm very conservative when it comes to personal finance. I'm not a gambler and I believe letting someone else make financial decisions on my behalf based on their commission based fee is not in my best interest.