An individual who works for broker-dealer is referred to as a _____ and is compensated with _____.
A)Investment adviser representative / commissions.
B)Investment adviser representative / fees.
C)Registered representative / commissions.
D)Registered representative / fees.

Question

Quizplus · Accepted Answer

An individual who works for a broker-dealer is typically referred to as a registered representative and is compensated with commissions based on the transactions they make on behalf of clients. Investment adviser representatives, on the other hand, work for investment advisory firms and are compensated with fees for providing financial advice and managing client portfolios.

An Individual Who Works for Broker-Dealer Is Referred to as a _____