ANY professional that works on a commission basis will have their ability to eat and pay their rent/mortgage as a primary factor driving their efforts. It's just a simple reality - much as we might not like it. It's important to be aware of it.
Myself being in real estate buying mode currently, I have been amply reminded of that reality. Anyone buying a car, home addition, insurance, ETC, ETC. needs to also keep it in mind.
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Originally Posted by manaboutown
This confirms my decision to go only with a fee-only fiduciary if and when the time comes. He/she can have no skin in the game based upon my investible assets.
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This makes sense. But, also something to realize, is that depending how it's set-up, the advisor could also be getting a commission cut from the type of fund, etc. that they are recommending, in addition to their fee. A double-dipping, of sorts.
The optimal scenario, seems to me, is to have an independent, fee-based advisor who puts together a specific plan for an investor and that investor executes the trades at their own brokerage house.