A fee-only financial planner is a financial advisor who is compensated solely by the fees they charge their clients for their services. This means that they do not receive any commissions, kickbacks, or other payments from financial institutions for recommending certain products or services.
A fee-only financial planner provides comprehensive financial planning services, which can include:
The benefit of working with a fee-only financial planner is that they are solely focused on providing you with unbiased financial advice that is in your best interest. Because they do not receive any commissions or other incentives for recommending certain products or services, you can trust that their recommendations are based solely on your financial goals and needs.
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