Why
Fee-Only?
Fee-only
refers to a financial planner that is paid solely by you,
the client, for financial advice. This avoids significant
conflicts of interest that can arise if your financial
advisor accepts commissions or receives any other compensation
when recommending specific financial products. In addition,
a fee-only planner must be a Registered Investment Advisor,
which carries with it the legal obligation to place your
interest above their own. As a fiduciary, the fee-only
planner recommends only the financial products that are
best for their clients.
Therefore, the fee-only planner can be thoroughly objective
in evaluating your financial situation and recommending
a course of action based only on strategic financial consideration,
given your goals. As a result, you receive unbiased planning
from a financial planning professional, whose main business
is giving advice, working solely for you.
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