Commissions vs. Fees. Much has been written about those who earn a living selling financial products and services on a commission basis. Pushy, aggressive, commission hungry salespeople? More often than not, the commission sales person becomes an educator, he allows his prospect to pick his brain, ask many questions, seek advice and direction, and there is no guarantee of doing business. Many people would never ever get started and delay indefinitely, starting a tax favored savings or investment plan or investment plan of any type if it were not for the Commission Sales Person. There is much a potential saver and investor can learn on his or her own if they choose to do so, and then have the confidence to make their own decisions and invest or save in no load low cost investments. In the absence of going it alone, pay the fee or commission. Oh, and for those that think getting advice on a fee only basis carries with it any guarantees of honesty, integrity and wonderful results, better rethink that one.
- posted
17 years ago