For consultation, this depends on the FA.
Some are salary or fee based, so there may be a basic fee to consult them for their advice and services, whether or not you get anything from them.
Some are commissioned based, so they will only earn if you get a financial product from them.
For management of portfolios, this again depends on what you are investing on.
Advisory portfolios will generally have an advisory fee. There may be set up fees, profit sharing fees, or sales charges also. This depends on the FA.
Discretionary portfolios will have advisory fee, but will likely include profit sharing as well.
Have a word with the FA first to understand the cost structure, but most importantly find an FA you can work with and are comfortable to share your information with, as it is this accurate and honest input to the FA that helps the FA determine how to advise you.
For consultation, this depends on the FA.
Some are salary or fee based, so there may be a basic fee to consult them for their advice and services, whether or not you get anything from them.
Some are commissioned based, so they will only earn if you get a financial product from them.
For management of portfolios, this again depends on what you are investing on.
Advisory portfolios will generally have an advisory fee. There may be set up fees, profit sharing fees, or sales charges also. This depends on the FA.
Discretionary portfolios will have advisory fee, but will likely include profit sharing as well.
Have a word with the FA first to understand the cost structure, but most importantly find an FA you can work with and are comfortable to share your information with, as it is this accurate and honest input to the FA that helps the FA determine how to advise you.