Broker vs advisor
This page compares a broker role with the Clearpath Advisor role. The comparison focuses on scope and involvement.
| Factor | Broker | Clearpath Advisor |
|---|---|---|
| Role | Intermediary focused on placements or access | Independent post-decline procedural determination |
| Incentives | Often tied to placements or outcomes | Fixed review fees with optional determination fee |
| Custody of funds | Typically no custody | No custody and no access to funds |
| Influence on decisions | May influence provider selection processes | No influence on issuer decisions |
| Liability exposure | Exposure tied to placements and oversight | Procedural determination only |
| Duration | Often ongoing until access is obtained | Ends with written determination and closure |
Clearpath Advisor does not contact providers, submit applications, or guide provider selection. The client remains independent.