What is a Fee-Only Financial Advisor?
How your financial advisor is paid can tell you a lot about whether his or her financial interests are well-aligned with yours.
A fee-only financial advisor is compensated solely by client fees, unlike commission-based advisors who earn income through product sales or fee-based advisors who may be compensated by both fees and commissions. This fee-only approach helps to remove conflicts of interest, thereby increasing the likelihood that an advisor’s suggestions are made with their client’s best interests in mind. Fee-only advisors are more likely to act as fiduciaries, meaning they’re legally obligated to put their client’s interests first.
5 Reasons to Work with a Fee-Only Financial Advisor
- Impartial, Unbiased Advice
Fee-only advisors are more likely to offer recommendations based on your needs without the influence of sales incentives, kickbacks, or commissions. - Transparency and Trust
With clear and transparent fees and pricing structures, you know exactly what your costs will be upfront; there should be no surprises or hidden charges. - Ongoing Support and Relationship Focus
Fee-only advisors prioritize long-term client relationships, offering ongoing guidance as your needs evolve. - Comprehensive Financial Planning
Many fee-only advisors are Certified Financial Planners® (CFPs), skilled at creating holistic plans that cover a broad array of topics from investment management and retirement planning to cash flow and tax planning. - Flexibility and Adaptability
Advisors who operate under a fee-only model tend to understand that planning is an evolutionary process and, as a result, plans must be flexible so that they can be modified as circumstances change.
Why Choose Core Wealth Management?
Core Wealth Management is a fee-only wealth management firm committed to doing all that is possible to put their clients’ interests first. Based in Jupiter, FL, our team of Certified Financial Planner® (CFP®) professionals brings a wealth of expertise in investment management, financial planning, and advisory services—all while strictly upholding the highest fiduciary standards. Our well-qualified advisors are dedicated to building lasting relationships and providing personalized support and guidance as your financial needs and goals evolve.