What is Hourly, Fee-Only financial planning and why should that matter to me?
Hourly and Fee-Only mean the same thing. The planning is done strictly on an hourly basis. This helps assure objectivity in the financial planning process. Hourly, Fee-Only means no compensation or commissions are derived from third parties. Fee-Only planners are not salesmen. We sell no products and work solely for our clients. Because BKS FP is an hourly financial planner, all conflicts of interest regarding compensation are removed. There are no third-party relationships or outside influences to color our thinking and financial recommendations. By contrast a slight change in wording is significant. Fee Based planners charge a fee and also commissions. The term is misleading, please be wary and fully understand these terms and the long-term impact they can make on your investments.
Related Questions
- I understand the benefits of working with an Hourly, Fee-Only financial planner, but I might need to obtain financial products. How will I be able to do that?
- Answers Question 1: What can professional, objective, fee-only, fiduciary financial planning and investment management do for me?
- What is Hourly, Fee-Only financial planning and why should it be important to me?
