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What is Fee-Only financial planning and why should it be important to me?

April 26, 2017Fee-Only Financial Planning

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What is Fee-Only financial planning and why should it be important to me?

2 Answers

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As fee-only financial planners all conflicts of interest regarding compensation are removed. We do not accept commissions; we work solely for our clients. Because we do not sell financial products such as investments, insurance or annuities, there are no third-party relationships or outside influences to color our thinking and financial recommendations. In addition, Chartwell Financial Management, Inc. is a registered investment advisor; as such, we must comply with numerous regulations designed to protect the consumer. We would be happy to send you a copy of our ADV Part II, the document that we file with the state of Michigan.

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Fee-Only planning removes all conflicts of interest regarding compensation. I do not accept commissions from anyone; I work only for my clients – – and am compensated only by previously agreed upon fees.