Which of the following is true regarding financial planning compensation methods?

1. Hourly fee is the most used compensation type in the U.S.

2. The majority of financial plans do not have a fee, but instead use the financial plan to help allow financial sales individuals sell products.

3. A fee charged based on the complexity of a plan is widely used in the U.S.

Question options:

Both 1 and 2

2 Only

3 Only

Both 2 and 3