By choosing a Fee-Only investment advisor, you are eliminating financial conflicts and bringing transparency to your professional relationship. While brokers will offer financial advice, their compensation is based on a fee or commission for the financial products they sell.
A Fee-Only advisor is paid directly by you, the client. They do not receive any other form of compensation from your account. This eliminates any type of conflict of interest from a broker/dealer, insurance company or mutual fund family who markets specific financial instruments.
Your Fee-Only advisor serves as a fiduciary, which means they are legally required to act in your best interest. They can offer unbiased advice and a clear and straight-forward fee structure. But most importantly, you know that they are working for you.
When choosing a Financial Advisor, always look for the Fee-Only registered trademark.