Can an accountant make money only by charging fees for a financial planning engagement?
Fee-only financial planners have operated successfully for many years. Fee-only financial planners recognize their fiduciary responsibility to clients, and endorse the goals of objectivity, full disclosure, confidentiality, professionalism and competence. Many individuals charge only fees – in fact a typical fee arrangement might consist of a flat fee or hourly fee or a fee to manage assets. Many earn a good living by only charging fees. With a limited client base, it is highly recommended that an accountant or firm charge fees rather than seek commissions.
