Fee-based has become more popular for a good reason: If your account value rises, the fee would rise, and vice versa if your account value falls. The model puts you and your advisor on the same team. Better yet, this form of compensation discourages advisors from churning accounts to generate extra commissions and from investing assets in potentially unsuitable high-commission financial products, such as non-traded real estate investment trusts and other illiquid private placements.
But hold on a second.
While a fee-based account is perceived as some sort of advisory promised land of fairness, it isn't for everyone.
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Sometimes an old-fashioned brokerage account could make more sense for you. If you have an account that is inactive or just sitting on investments with very little chance of being bought or sold, then a fee-based account could actually be harmful to you.
You would be in the detrimental position of paying an extra expense for nothing, making your account an unnecessarily expensive financial product. So while "broker" has become a dirty word these days, the reality is that, depending on the circumstances, a brokerage relationship could be a better choice for you.