How to Pay Your Financial Adviser

Wall Street Journal-Recurring asset-based fees help build a lasting bond between clients and advisers, says Michael Finke, a personal-financial-planning professor at Texas Tech University. 'It's a long-term proposition where you derive your compensation from your client on a regular basis,' he says. 'There is some incentive to provide a greater breadth of financial services when you have a long-term relationship.'

Here's the good news: You have more options than ever for paying your financial adviser. The bad news? It's even tougher to figure out if you're getting the best deal for your money.

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Recurring asset-based fees help build a lasting bond between clients and advisers, says Michael Finke, a personal-financial-planning professor at Texas Tech University. "It's a long-term proposition where you derive your compensation from your client on a regular basis," he says. "There is some incentive to provide a greater breadth of financial services when you have a long-term relationship."

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