What is a fee-based account?

Many fee-based accounts allow investors to group assets across members of a household or family, leading to further fee reductions. For more information about the costs of investing in mutual funds, please speak with your advisor.

What is a fee based investment?

A wide range of fee-based investments is available to investors. They include annuities, mutual funds, stocks, bonds, and other securities. An advisor whose client buys each type of asset is sometimes paid a commission from the sponsoring company for selling it.

What is a fee based account & a commission-based account?

There are fee-based accounts and there are commission-based accounts. Back in the “old days”, when a client wanted to purchase stocks directly from the exchange, most accounts were commission-based. This means advisors are paid for each transaction that is executed.