By the way - I happen to be affiliated with a traditional broker, so I don't really have the option to offer fee-for-service at this time. That doesn't mean that I'm against it. I think we should offer both options.
I think my company WOULD allow me to charge just for certain services, though. I think the big question for them is liability and that the state requires us to represent client's best interests. That is what I usually hear when this has come up in the past. The state basically requires us to give specific level of services to a customer and client. So, if we see that a client is making a huge mistake, but they didn't hire us for that, are we required to basically give them that service for free, because of the law? It's hard to tell.
Also, my company takes 1/2 of whatever I make in fees. So, I'd have to charge enough to make it worth it to me after 1/2 goes to them. I have no idea what that would be.
It's an interesting thought and I'll have to look more into that. I'm not exactly sure how limited service companies in this state get around the liability issues.
Thanks for the dialog! - Sat May 30, 2009