Why Consider a Fee Only Advisor |
As a Fee-only financial advisor we work “only” for our clients and are compensated “only” by a previously agreed upon fee from the client.
As a firm, Freitag Financial Group does not accept commissions or compensation from any other source. For this reason, as a fee-only advisor we are able to be completely objective in our evaluation and are free to recommend a course of action based solely on strategic financial considerations and cost-effectiveness for each client. Most brokers, investment advisors, and financial planners are compensated entirely by commissions from the products recommended and sold. In fact, these "advisors" provide advice that is strictly incidental to the sale of a product. Most of these fees are never disclosed to the client. Some salespeople refer to themselves as “fee-based” or “fee-offset”, meaning that they charge both a fee and a commission. At Freitag Financial Group, we use neither method and provide full disclosure of all compensation. In addition, fee-only compensation is surprisingly affordable and is frequently much less expensive than commissions that are charged for the sale of financial products. Our fees are fully disclosed and there are no surprises for the client. "Financial Planners who take commissions have a built-in conflict of interest... even with disclosure, my choice would be a fee-only planner." - Jane Bryant Quinn, Newsweek |
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