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According to Wikipedia, the languages of India primarily fall into two major categories: Indo-European and Dravidian. According to the 2001 Census of India, individual mother tongues number in the several hundred.

You’re probably wondering what any of that has to do with ‘fee-only’ vs ‘fee based’ advisors? Well, that’s a good question, I bring it up to make a point.

Much like the languages of India, financial advisors (more and more these days) tend to fall into two major categories: Fee Based and Fee Only. And within these categories there are so many different ways to run an advisory business; the many different advisory factions kind of reminded me of the breakdown of different mother tongues found in India. (not too sure if this analogy worked… lol)

Keep it simple stupid

I want to try and simplify things here, so the average investor isn’t left with a headache when it comes to understanding the different terminology. But before I break down ‘fee based’ vs ‘fee only’ I want to refer you to an article I wrote last July that talks more to the differences in compensation, that I will lightly touch on here. Please read that post!

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