Answer: True
Explanation:
FEE-BASED financial planner/ broker do indeed charge upfront fees for providing services and charge commissions on any trades on a client's behalf.
Indeed if an advisor earns money through any other source apart from management fees, they fall under this category.
There is a chance for a conflict of interest here as the advisor may direct their client to stock or investments where they stand to make a profit even if it's not in the client's best interest.
