Photo by robyn318

I want to write something about how bureaucrats have trapped financial advisers severely and at times to the detriment to their clients. Bureaucrats often imposed a long list of requirements for the sake of compliance. They also impose how advisers are remunerated.

First, the most obvious way which Bureaucrats trap advisers is the fact that advisers rely purely on bureaucrats to pay them the commissions. Advisers’ entire pay checks solely rely on these bureaucrats. Advisers cannot easily go to another company like salaried staff because of the lost of recurring commissions. So how are commission rate determined? Read more…