Fee-Only Financial Advisors

Frequently Asked Questions

What is a fee-only financial advisor?

Fee-only advisors are compensated solely by fees paid by their clients. They never earn commissions from selling financial products, eliminating conflicts of interest and ensuring advice is always in your best interest.

How much do fee-only advisors charge?

Fee-only advisors typically charge in one of three ways: a percentage of assets under management (0.5-1.5%), hourly rates ($200-$500), or flat fees for specific services. The structure depends on your needs and the advisor's practice.

Are fee-only advisors better?

Fee-only advisors have fewer conflicts of interest since they don't earn commissions on products. This structure aligns their interests with yours - they succeed when you succeed.

Are all fee-only advisors fiduciaries?

Most fee-only advisors are fiduciaries, meaning they're legally required to act in your best interest. However, always confirm an advisor's fiduciary status before hiring.

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