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"A fee-only financial advisor should save you many times the cost of their fee."
Michael A. Beer, CFP®
Certified Financial PlannerTM

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Fee-Only
Compensation is just one of several important issues you should consider in your decision to hire a financial planner. Experience, services, trust and rapport, along with compensation, should all be considered. Compensation can vary widely, depending on the complexity of your financial situation, the services provided and the area of the country in which you live.

As an educated consumer, you will want to know the services you will receive and how much you will pay for them. Working with a financial planner who is straightforward about his or her compensation is simply a smart decision.

 How Planners Are Compensated 


Your financial planner will be able to help you plan for the important issues of your life and select investment and insurance products to meet your needs. In providing these services and products, a planner will be compensated in one of three ways:
Financial Press
· NEWSWEEK ·
Jane Bryant Quinn
"Financial Planners who take commissions have a built-in conflict of interest...even with disclosure, my choice would be a fee-only planner."

· MONEY MAGAZINE ·
"Start with the general practitioner...a Financial Planner (whose) compensation should be from fees alone."

· FORBES ·
"The most important matter is how the planner is compensated. Hire the planner who...has no financial stake in (your) investments."
Fee Only
Fee-only planners are compensated solely by fees paid by their clients and do not accept commissions or compensation from any other source.

Fees & Commissions
You may pay a fee for financial planning services and commissions, or a combination of fees and commissions, for investment and insurance products.

Commissions Only
Financial planning services will typically be done without a fee and you will pay commissions for investment and insurance products.


Fee-only planners believe there is a significant "conflict of interest" if an advisor stands to gain financially from the purchase of any product he or she recommends to the client.


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