Typically, financial planners earn their living either from commissions or by charging hourly or flat rates for their services. A commission is a fee paid whenever someone buys or sells a stock or other investment. For reasons we’ll explain later, you may want to avoid financial planners who rely on commissions for their income. These advisers may not be the most unbiased source of advice if they profit from steering you into particular products.
A fiduciary advisor, by definition, is an advisor who is paid a retainer by an employer to advise employees on their retirement plan investments, as well as to provide a complete range of other products and services. Fiduciary advisors are not responsible for the entire company's retirement plan; they are only accountable for the advice which they give to employees on an individual basis.

In Singapore, financial services are highly regulated by The Monetary Authority of Singapore (MAS), the regulator and supervisor of financial institutions in Singapore. Rules are set by MAS for financial institutions and are implemented through legislation, regulations, directions and notices.[15] Currently, the majority of the financial planners (financial consultants) are commission-based, which may cause a conflict of interest related to the products recommended. In 2015, a balanced scorecard framework was implemented to better align the interests of the FA industry and consumers. This ensures FA representatives and supervisors meet key performance indicators that are not related to sales, such as providing suitable product recommendations and making proper disclosure of material information to customers (Non-Sales KPI). Failure to achieve good grades for the Non-Sales KPI will directly affect their commission (variable income).
The Financial Markets Authority (FMA) (formerly the Securities Commission) provides Authorisation to individuals who provide Personalised Financial Advice, Investment Planning Services and/or Discretionary Investment Management Services.[16] Individuals who receive authorisation are referred to as an Authorised Financial Adviser (AFA). In order to receive authorisation, individuals must complete the National Certificate in Financial Services (Financial Advice) (Level 5).

Many financial advisors in Canada call themselves financial planners yet only hold licences to sell personal financial products (primarily investments and insurance), or use non-expiring qualifications with no monitoring or public accountability process (such as the Personal Financial Planner / PFP designation).[9] There are only two publicly monitored and fully regulated financial planning designations outside of Quebec – the CFP (Certified Financial Planner)[10] and the R.F.P. (Registered Financial Planner)[11] designations.
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financial expert means a nationally recognized independent appraiser or investment banker selected to assist in a determination of Fair Market Value. The fees and expenses of such Financial Expert shall be paid solely by the Corporation. If the Corporation and the holders of a majority of the outstanding shares of Series B Preferred Stock are unable to agree upon a mutually acceptable Financial Expert within a period of thirty (30) days, then each of the Corporation and the holders of a majority of the outstanding shares of Series B Preferred Stock shall designate a nationally recognized independent appraiser or investment banker, which two designees will be asked to select a third nationally recognized independent appraiser or investment banker to act as the Financial Expert hereunder. The selection of the Financial Expert by the two designees of the Corporation and of the holders of a majority of the outstanding shares of Series B Preferred Stock will be final. A Financial Expert selected to assist in a determination of the Fair Market Value of a share of Common Stock shall be instructed to determine such value based on the per share purchase price that a willing buyer would pay in an arm's-length purchase of all of the common equity of the Corporation.
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Fiduciary duty is a legal responsibility to put the interests of another party before your own. If someone has a fiduciary duty to you, he or she must act solely in your financial interests. A fiduciary cannot, for example, recommend a strategy that doesn’t benefit you but instead provides a kickback. You can think of it like the doctor-patient relationship, where one party has a duty to provide the best care it can to the other party.
Typically, financial planners earn their living either from commissions or by charging hourly or flat rates for their services. A commission is a fee paid whenever someone buys or sells a stock or other investment. For reasons we’ll explain later, you may want to avoid financial planners who rely on commissions for their income. These advisers may not be the most unbiased source of advice if they profit from steering you into particular products.
Many RIAs are fee-only advisors, meaning they can’t work off commission or sell a client any investment products that aren’t in the client's best interests. Financial planners don’t have to be RIAs to work under this business model. Fee-only financial planners generally make money via an hourly rate, an annual fixed retainer, or as a percentage of the investment assets they manage on behalf of their clients. They also have a fiduciary duty to their clients over any broker or dealer.
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