Most CFPs and ChFCs do not charge for their services, but rather receive commissions for the securities they recommend to their clients.

Question

Quizplus · Accepted Answer

While it is true that some CFPs and ChFCs may receive commissions for the securities they recommend, a growing number of financial advisors are fee-only and do not receive commissions. These fee-only advisors typically charge their clients a flat fee or a percentage of assets under management, rather than earning commissions on specific products.

Most CFPs and ChFCs Do Not Charge for Their Services