Fee-Only is a concept developed for the purpose of providing clients with assurances that the advisors’ sole source of income comes directly from the client and not from the sale of products, the receipt of commissions, rebates or any fee sharing arrangements. In working with a Fee-Only advisor, the client is assured that their needs come first and foremost. Any conflicts of interest are fully disclosed.
A Fee-Based Advisor is typically one who is willing to provide comprehensive financial planning without product sales. However and this is important ,their hope and expectation upon completion is that the client will purchase products as offered by the same advisor who claimed to offer fee only objective advice.
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We provide Fee-Only comprehensive financial planning to individuals, families and closely held business owners and are paid directly and solely by our clients under previously established contractual guidelines.
Whether retainer based, fixed fee, or hourly, our fees are established up front in order to eliminate the possibility of surprises or unwanted outcomes.
The advisor should be fully prepared to disclose how fees are calculated, how commissions are calculated and exactly what their commission will be for the sale of any product before purchased by the client. Full disclosure provides the client with a clear and concise understanding of how the advisor is paid under any and all circumstances.
Over the years, hundreds of clients have chosen Squam Lakes Financial to be their trusted advisors. Click here to find out why