Question: According to a flyer from Schwab Advisor- Source, Most personal investment managers base their fees on a percentage of assets managed. We believe this is

According to a flyer from Schwab Advisor- Source, “Most personal investment managers base their fees on a percentage of assets managed. We believe this is in your best interest because your manager is paid for investment management, not solely on the basis of trading commissions charged to your account. You can be assured your manager’s investment decisions are guided by one primary goal—increasing your assets.” Is this policy in a customer’s best interest? Why?

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