Fee-only
Regulation & taxAn adviser paid solely by the client, receiving no commission from products.
In plain terms
The only structure where the adviser has no reason to prefer one fund over another.
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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An adviser paid solely by the client, receiving no commission from products.
The only structure where the adviser has no reason to prefer one fund over another.