The difference between hiring a finance specialist hired by a large national corporation and a self-employed finance specialist may be the number of fees or commissions an investor pays for an amount that can greatly affect the performance he gets.
Independent financial advisor in Maryland offer significant and cost savings services to their clients. Their ability to compete on fees for their compensation has to do with the fact that they don't have to "stand in line" for several large nationally registered brokerage firms.
Image Source: Google
In many cases, independent financial advisors pay 100% of their own expenses, which can include rent or office rent. Therefore, unlike many of their larger national competitors, which are usually public companies, they can more easily generate fixed costs for their business.
A non-self-employed investment professional usually works for a registered brokerage firm. In other words, these types of businesses tend to be watched by pressure from shareholders and Wall Street analysts to cut costs, increase profit margins, and generate larger recurring profits. This often results in lower salaries for the self-employed profession and sometimes increased commissions and fees for its clients.
Pressure exerted on a registered brokerage firm can inadvertently hit a financial advisor hired by a brokerage firm, making objective financial planning and investment advice difficult; challenges that independent financial advisors are unlikely to face.