TITLE

Asset Minimums and How Planners Get Paid

AUTHOR(S)
Powell, III, Robert J.
PUB. DATE
September 2008
SOURCE
Journal of Financial Planning;Sep2008, Vol. 21 Issue 9, Special section p12
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses the financial planning industry, examining the standards and practice that financial planners have for asset minimums, prospective customers, and fees. A majority of financial advisers require clients to have at least $100,000 in investable assets, the article states. Topics include asset levels set by Registered Independent Advisers (RIA's) and asset levels set by financial planners affiliated with a broker-dealer (b-d). Also discussed are wealthier clients who generate more commissions and income for financial planners.
ACCESSION #
34262446

 

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