<prompt> Human: Our financial advisor, well call them Person X, is retiring after long service. The firm they work for, which well call Firm A, states that in order to acknowledge his service with the firm, Firm A will permit Person X to receive continued payments relating to transactions in our account for a period of about 5 years after THEIR retirement. We do not have to pay additional commissions or advisory fees. Is this legal? Why should the financial advisor receive payments from our retirement account, when he is retiring? Shouldnt the firm be trying to save us money?  <response>: Its not uncommon to get residuals from investments you made. You say its not causing you to pay higher commissions or fees, so it sounds legal enough to me, and probably in the advisors contract.No, the firm certainly isnt trying to save you money, theyre trying to make themselves money. Thats their purpose all along and is why this sub strongly recommends only working with fee-only advisors. 