What about paying a Commissioned Broker?

"They want you to buy stock you don't own and sell the ones that you do, because that's how they make money for themselves and their firms. They earn commissions even when you lose money."

Arthur Levitt Jr.
“Take On The Street”
Former Chairman of the Securities Exchange Commission

Potential disadvantages of paying a Commissioned Broker:

• Always sells loaded funds
• Your broker is a salesperson
• Possible biased recommendations
• Very difficult to know actual charges & costs
• He makes money even if you don't
• Little motivation to manage your money once the commission is paid
  
  

Next – What are my options?

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