FROM THE MODERATORS: Fees versus commissions

Financial Planning - Financial planning in general. (Moderated) 

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Subject Author Date
FROM THE MODERATORS: Fees versus commissions HW \"Skip\" Weldon 04-01-2007
Posted by HW \"Skip\" Weldon on April 1, 2007, 10:07 am
One of our posting guidelines is that posters refrain from comments
about each other in any way other than flattering.

Occasionally we encounter threads that evolve into the issue of how
people in the financial services industry earn their living (fees or
commissions). At that point some posters jump to conclusions about
unethical conduct, conflicts of interest and other kinds of
anti-consumer behavior.

The truth is that all commercial endeavors in all industries seek to
earn a profit and that there are ethical and knowledgeable people in
each camp (fees and commissions.) It's also true that for the most
part there is not enough information disclosed in these short
conversations to make an informed judgment about fellow posters.

Accordingly, posters who insist on denigrating someone's character or
implying that they should be run out of town simply because of the way
they earn a living should not expect to see their posts here.

IT CONTINUES TO BE PERFECTLY ACCEPTABLE to analyze/criticize someone's
suggestions, strategies and products. And it is certainly Ok to
hammer away at the importance of expenses. But the focus should be
on ideas - not on other posters and whether or not that poster is a
good person and helpful to consumers.

---------
As usual, please do not respond to this post. Those who wish to
comment on newsgroup policy should read the weekly post, "Posting to
misc.invest.financial-plan".



-HW "Skip" Weldon
Columbia, SC


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