Should You Invest with a Commissioned Broker? Maybe

September 20, 2012

I recently had dinner with a friend of mine who just got  a job working for an investment brokerage firm. Yes, that means she’s going to be one of those commissioned brokers that I’ve warned so much about. (If they work for a brokerage firm, they’re a broker even if they call themselves something else.) Ironically, she was looking for some advice from me in getting clients and building her business. Did I tell her to forget it and join a fee-only financial planning firm? No. In fact, there are some very good reasons why an investor could be better off with a broker than one of the many fee-only advisers she’s competing against: Continue reading “Should You Invest with a Commissioned Broker? Maybe”