Sold men's suits, established customer relations, handled staff scheduling duties, and ordered merchandise.
«Asking friends and family for a referral is also a good place to start, but remember, some people that call themselves financial planners are
actually commissioned salespeople,» Holmes says.
Unfortunately, there are huge problems with the advice industry in Canada, which is
dominated commissioned salespeople who charge hidden fees embedded in financial products, and who believe that an advisor's role is to select winning fund managers or pick stocks.
«A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.» With regard to financial matters, you should avoid things like buying assets with a 200 page prospectus, or services from
highly commissioned salespeople.
Richard Bennett, principal and financial advisor, Savant Capital, Rockford, IL., said: «This study is a powerful illustration of why investors who are dealing with
glorified commissioned salespeople need to find a fiduciary... and fast.
Professional advocates are rare;
amateur commissioned salespersons are numerous, like a dime - a-dozen; like a blood - sucking mosquito infestation after a heavy rain.
As long as the broker receives his $ 200 to $ 1, 000 a month in office rents and services and a $ 500 to $ 700 fee from each transaction, he doesn't care
what commission the salesperson ends up.
Those who do are
simply commissioned salespeople (of any and all stripes) who will do anything to make a buck... including pissing off the majority in order to score a hit here - and - there with a very, very small minority.
This is great advice for a budding life Insurance salesperson, or any
wannabe commissioned salesperson for that matter who is being paid by the product manufacturer to sell a particular product in the face of competing products.
Indeed, the real problem with actively managed mutual funds is not their investment strategy: it's that they're hawked by
commissioned salespeople who are in an inherent conflict of interest because of this fee structure.
On the sale of a typical $ 30,000 vehicle, he says he can save between $ 2,000 and $ 3,000 by applying all possible dealer incentives and dealing directly with managers instead
of commissioned salespeople.
38/29 Highway / City MPG 29 / 38mpg Awards: * 2016 IIHS Top Safety Pick + Come to Burien Nissan and visit with one of our non-commissioned Product Specialists and you'll never deal with a
pushy commissioned salesperson again!