How Do You Become A Fee-Only Financial Planner?
A fee-only financial planner is someone who only receives a fee from the clients he is advising. He does not receive any further bonuses, perks or fees from any other organizations that the financial planner’s client may purchase stocks or other investments from. Fee-only financial planners are important because clients should be able to trust that their planner does not have other vested interests in trying to persuade them to buy or invest in certain companies or stocks. A fee-only financial planner assures that there is not conflict of interest between his clients and his colleagues or partners. Receive your bachelor’s degree from an accredited four-year university. Though it is not inherently essential to have your B.A. before becoming a financial planner, in today’s competitive marketplace it is hugely important, and many potential employers will require it. The most common bachelor’s degrees that financial planners hold are in economics, finance, business, statistics and sometime
