2. 1. Commissioned Financial benefit can only be derived through transactions, creating a bias toward account activity. Unbiased advice is an improbable outcome. Commissioned representatives can receive incentives for selling one investment over another. How Does Your Advisor Get Paid?

3. 2. Fee-Based May earn part from management fees, but also may receive compensation for commissioned-based products they are licensed to sell Conflicted and not held to a fiduciary standard How Does Your Advisor Get Paid?

4. 3. Fee Only Paid for Advice and Ongoing Management How Does Your Advisor Get Paid?