I previously proposed that commissions be banned. Commissions are given out based on purchase in transaction. This may not be good for clients because it encourages transactional based relationships. Instead, it may be better to encourage asset based compensation through a retainer fee based on a percentage of the total asset. In such a scheme, the adviser/firm is compensated for the amount of assets under management. This can be in the form of unit trusts, fixed deposits, saving account, checking account, insurance, etc. There should not be discrimination as to which assets pay more retainer fee.  In this way, the firm will focus on customer’s retention and helping client focuses on growth of the assets. Actually I don’t understand what is wrong attracting the customer to put money in fixed deposits. These are cheap source of funding for the bank to loan out at a higher interest rate. It is still profitable to market fixed deposits anyway. Perhaps institutions have become greedy and are not contended with the loan market.