the importance of a fee-only investment advisor

Discovering the importance of a fee-only investment advisor. There are essentially two types of financial advisors. The first is a commission based advisor whose paycheck is determined based upon the investment product that his clients use. The second and better option is a fee-only investment advisor. This advisor will get paid more based on the returns of his clients and not based on the investment vehicle which they use. This causes the advisor to accurately advise his clients to invest their money in the perfect investment for him or her.