Dear Students, the industry has decided that to screw our clients, ooops!, I mean, charge our investors for investment services, commissions are obsolete, old-fashioned, fuddy-duddy! The new, modern-day method to soak your clients, ah!, I meant, charge for advice and recommendations is through an adviser fee, a.k.a. an assets under management (AUM) fee or a wealth management fee. Please see for yourself how, over the long-term, this new method is charging investors far more.