Noise & Cufflinks

I watched as four different stockbrokers came to my office to make their presentations to the potential client.  Each one made a detailed explanation of their charges, including their annualised "fees". What was really interesting was that each stockbroker considered their payment to be fees but when they referred to the money that my Firm would be paid as a share, our payment suddenly became "commissions".  This started to make me think about all the noise that has been going on for too long about the move from commissions to fees for IFA's.  Quite clearly stockbrokers have already m...