c******z
发帖数: 1230 | 1 首先请问non-commission-based和fee-only（http://napfa.org/）的brokerage/financial advisor是一回事吗？
去Charles Schwab咨询时，他们多次强调他们是non-commission-based，就是他们不
underwrite任何bond之类的投资、不通过帮客户买某种投资而拿到回扣。而我问他们是
不是fee-only，他们没有给直接的回答。
另外，我也询问Charles Schwab的人怎么比较他们和其他brokerage，他们说:
1 Merrill Lynch绝对是commission-based的，除了trade fee, annual management
fee之外，还有隐形的由于underwrite得到的commission；
2 多数银行提供的brokerage，也是commission-based，所以每个银行都有相对固定合
作的investment group；
3 Ameriprise之类的，有可能也是commission-based的，而且可能会在bond价格是做文
章：比如100刀的bond，他们拿到的价格是90刀，结果卖给客户说100刀且no trade
cost.
我通过http://napfa.org/搜到fee-only的financial advisor搜出来的firm很少，好像还有那种特别小的firm（1、2个人），而且去了电话后发现对待新客户不是非常responsive，要约2周以后才能和我面谈。
请大家解惑！！！！谢谢！！！！！！！ | r****m
发帖数: 1204 | 2 It depends on whom at Charles Schwab you talked to, many of them can claim
they are not commission based because they are paid fixed salary plus bonus,
but their bonus largely depends on their performance (meaning how and where
they directed your money to).
Below is its compensation structure:
http://www.schwab.com/public/schwab/nn/legal_compliance/compens
Fee-based advisors have fiduciary duty to their clients (meaning they have
sworn to put clients' interests first), most of them are small shops because
this is labor intensive service. They might still earn commission, but
they need to disclose to you and the product must be of the best interest to
you. |
|
