Series 65: Compensation

Taken from our Series 65 Online Guide

Compensation

While most advisers would never steal from clients, regulators are very concerned about advisers being dishonest or unclear about how they get paid. This may be an especially easy ethical breach, since many clients may not read their statements or understand how and when they pay an adviser for their services. Thus, advisers must be especially careful to explain and clarify fee structure, commissions, and soft dollar arrangements, if any.

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