Why is commission-based selling potentially problematic?
Expensive financial products typically pay higher commissions, and sales agents make more money by selling these expensive products. However, one cannot say that commission-based products are per se bad. In some instances, you are better off paying the higher commission to your agent or broker, if the higher commission is attached to a superior product. And sometimes commission-free alternatives do not exist. However, commissions always raise the possibility of a conflict of interest, and a fee-only, independent financial planner is the appropriate professional to steer you in the best direction.
