I understand your point and you are correct that the laws have changed but as they pertain to what the OP said, to my knowledge, some of it has not changed. The key facts in the OP are that the individual is a financial advisor and is affiliated with a BD. Again, to the best of my knowledge, a BD, by law still can only pay an individual not an LLC or a corporation. If you can link to an IRS or tax case that proves me otherwise please do as this is something I am currently work on in my own business (I am also a FA). Again, to my knowledge, and I'm not a CPA or tax professional, but my understanding is that commission cannot be paid to an entity only an individual however, advisory fees/wrap fees/etc. (whatever you want to call them) can be paid to an entity (an LLC and/or an S-Corp). Make sense?
