How to Pay a Financial Advisor

"[It] should be entirely dependent on the needs of the client," says Jeremy Shipp, managing partner of O'Dell, Winkfield, Roseman and Ships in Richmond, Virginia.A commission or percentage fee-based advisor is like having your advisor on retainer, and this can be beneficial for clients who want 24-7 access, says Paul Murray, president of PTM Wealth Management in Chalfont, Pennsylvania."Most clients pay me in this manner and they can freely engage me on any issue or topic without being nickel and