Add new comment

I agree with most of the above criticism of the FPA. Long time member but they seem to be working for a more elite group of advisers that have high net worth clients that FEE FOR SERVICE works for. Most of my clients are moms and dads who are trying to keep up with the day to day rising costs of living. Even with rebated commissions having another expense to keep track of in bank account will be hard going. They much prefer payment from their investment portfolio. They know it happens and they know that unless I provide service they can turn it off. AFA's suggestion of a fee opt-in option for clients works for me and provides an opportunity of the client to say YES or NO