Which compensation model would you choose if you ran your Registered Investment Advisory firm?
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Visit CFP.net, financialplanningassociation.org, adviserinfo.sec.gov and NAPFA.org,
Considering the various compensation models which would you choose if you ran your Registered Investment Advisory firm? Comment on why you chose the particular model and what the positive and negative aspects are for both the firm and the client. In addition to describing and commenting on your compensation model describe what you see as your firms average client (income, wealth, career, etc..).
Does the clientele you are targeting affect your decision about your compensation structure? Why or why not? It would be helpful to go to the IADP website to view the Part 2 Brochures of some RIA firms to check out their compensation models and their average clients. The IADP website can be found here: IAPD – Investment Adviser Public Disclosure – Homepage (sec.gov) . If you are not familiar with any RIA firms to look up you can use this list to check out some firms here in NJ: Top 10 Financial Advisor Firms in New Jersey | SmartAsset.com (15 points)