Advisor fee based vs. brokerage commission based difference.

Information found at:   https://www.investopedia.com/articles/basics/04/022704.asp

• A fee-based advisor charged with actively managing a portfolio would likely charge a percentage of the assets under management.
• Fee-based advisors (like money managers) already tended to be fiduciaries; in fact, if they were registered investment advisors, they were required to be. Commission-based advisors (like brokers) weren't required to be fiduciaries.
• Commission-Based Advisors. Each investor can have their own investment goals, financial objectives, and risk tolerance level. For a commission-based advisor, they must only determine that an investment is “suitable” for you at the time, not that an investment is always in your “best-interest”.