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Your assigned advisor may give you career-related information, but depending on what questions you have, may also refer you to a career advisor. If you are interested in a pre-professional program, like Law, Medicine, or Education, your assigned may refer you to another advisor for additional information. Students Advisor Appointments Types of Advisors.

Types of Advisors Your academic advisor is the person you will talk to about which courses to take and planning for your degree. You should meet with your advisor as often as you need to and for any reason you see fit.

Advisors come to Ohio State with at least a master's degree and diverse backgrounds social workers, teachers, university faculty, residence hall directors.

If you are pursuing special programs, you may have multiple advisors. Academic Advisor. This is the advisor you go to with questions about: How to understand the General Education GE curriculum or choose GE courses that relate to your career goals How to prepare for graduation University policies or procedures Getting linked with campus support services General problem-solving Some students may have different advisors for the college and the major.

Major Advisor or Departmental Advisor. This advisor works for the department that offers your major and you should talk to this person about: Issues related to your major Internships Research opportunities, including your thesis project Questions about careers in the field This advisor is either a full-time professional advisor or a faculty member in your department who, in addition to teaching and doing research, provides advising support to students. Minor Advisor. Honors Advisor.

Scholars Advisor. Career Services Advisor. Athletic Advisor. ODI Advisor. Not sure who your academic advisor is? At any time, you can update your settings through the "EU Privacy" link at the bottom of any page. These choices will be signaled globally to our partners and will not affect browsing data. We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes.

Your Money. Personal Finance. Your Practice. Popular Courses. Wealth Wealth Management. Table of Contents Expand. Fee-Based vs. Fee-Based Financial Advisor. Commission-Based Financial Advisor. Criticisms of Commission-Based.

Costs of Fee-Only Advisors. The Fiduciary Rule. The Bottom Line. Commission-Based: An Overview The investment advisor field encompasses a variety of professionals. Key Takeaways A fee-compensated advisor collects a pre-stated fee for their services, which can include a flat retainer or an hourly rate for investment advice. A fee-based advisor charged with actively-managing a portfolio would likely charge a percentage of the assets under management. A commission-based advisor's income is earned entirely on the products they sell or the accounts that are opened.

A hotly debated topic is whether commission-based advisors keep the investor's best interests at heart when selling an investment or security. Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts.

We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation.

This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace. Related Articles.

Partner Links. Related Terms What Is a Fiduciary? A fiduciary is a person or organization that acts on behalf of a person or persons and is legally bound to act solely in their best interests. An investment must meet the suitability requirements outlined in FINRA Rule prior to being recommended by a firm to an investor.

What Is a Commission in Financial Services? A commission, in financial services, is the money charged by an investment advisor for giving advice and making transactions for a client. Availability updated: Nov 7, Curricula taught: EYFS. Availability updated: Nov 2, School phase: Nursery. Availability updated: Oct 31, Availability updated: Oct 30, Availability updated: Oct 27, Availability updated: Oct 26, Availability updated: Oct 24, Availability updated: Oct 23, Availability updated: Oct 18, Availability updated: Oct 14, Availability updated: Oct 10, Availability updated: Oct 3, Curricula taught: CBSE.



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