Question

Why should you avoid commission-based financial planners?

a) They charge higher fees
b) They have conflicts of interest
c) They lack expertise in financial planning
d) They provide inaccurate financial advice

Answer 1

Answer: B

Step-by-step explanation:

A commission-based planner gets paid not only by the clients it has been hired by but also by other sources, such as commissions from products or services that the client purchases or hires. this can set up a conflict of interest.