What Do These Terms Mean?
An advisory company I'm considering working for has four distinct sources of revenue. I'm meeting with them on Friday, and while I could ask, I think I understand. Can anyone confirm? Thanks in advance.
Fixed Insurance Commissions - payment by insurance companies when they sell clients a product
Managed Asset Revenue - fee-based payment by clients to manage retirement accounts and possibly do planning
Broker Dealer Commission - transactions-based payment from client, split between company and broker
Financial Planning Fees - payment from client for hourly work