If you read my last article, you recall I discussed the different types of financial planners and how they are paid. Today, I will tell you why I am a firm believer in fee-only financial planning.
Fee-only financial planning is a wonderful way for clients to receive advice in a fiduciary manner. As a fiduciary, the planner puts the clients’ interest first. Fee-only planners receive their pay directly from the client, which virtually eliminates conflicts of interest. As a fee-only planner, I don’t sell anything, except maybe a good night’s sleep. I don’t receive any commissions, referral fees, or …Read More