Investment Commissions vs. Advice Fees

I feel a need to expand on my previous discussions about the fees charged by brokers. Today’s stock market does not operate the same way it did forty years ago. In response to the evolutionary changes in the market the financial services industry has made adjustments. Forty years ago commissions on stock trades and sales charges on mutual funds were the only source of revenue for brokers. In those days there was greater justification for the trading of individual stocks than there is today. T...