White Noise

Lee, Shelley A.
May 2001
Journal of Financial Planning;May2001, Vol. 14 Issue 5, p64
Academic Journal
The article presents views of financial planners whether fees or commissions is harming the financial planning profession. According to Dick Wagner, a veteran financial planner, there is a certain intellectual, even mathematical, truth to the argument that fees may cost a client more over the long run. Sharon Kayfetz, certified financial planner, said that the code of ethics for a professional requires them to disclose all charges made with a client. It was said that fee versus commission dialogue has overtones of a variety of issues including ethics, public perception of planners, competition, disclosure, the difference in consumer cost and planner compensation, planners' business modes, even the structure of financial products.


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