FPWMP Practice Questions - CFI Financial Planning & Wealth Management Professional Exam

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An advisor is registered with the SEC, charges only an asset-based fee, accepts no third-party commissions, and acts as a fiduciary at all times. Which business model best describes this advisor?

Fee-based broker-dealer registered representative Fee-only registered investment adviser (RIA) Commission-based insurance producer Hybrid RIA / BD

Correct Answer:

Fee-only registered investment adviser (RIA)

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