Self-employed financial planners may charge fees for their services, earn commissions on the products they sell, or both.
Fee-for-service planners charge hourly or provide a quote for a full plan. They may base the quote on the complexity of the plan or the value of a client’s assets.
Commission planners receive commissions for selling specific financial products or referring clients to specific professionals or companies.
Financial planners who work at larger financial institutions typically earn salaries.