Fees are determined separately for each account and are negotiable, depending on factors like asset type, account size, and services provided. Fees are generally based on a percentage of assets under management, charged quarterly or monthly, in advance or arrears. IARs may also charge a flat dollar rate or percentage for managing held-away accounts. Clients may also be charged commissions if the IAR is a registered representative.
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Learn about disclosures →Andrew works as an insurance agent for Bishop Associates, focusing on Medicare plans. He spends minimal time on this activity.