Fee Based
Programs: Consumers
are appropriately cautious when dealing with the expenses
of investing. They also want to know
that their advisor has their best interest at heart. Fee
based programs were developed to reduce expenses on portfolios
that
are very actively traded and to pay the advisor based upon
assets under management as opposed
to transactions in the account. Fee based programs can
be very expensive if used improperly. Your Community Financial
Services representative can
help you determine if you are a good
candidate for this type of program.
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