Why Select A Fee-Only Comprehensive Financial Advisor?
The greater the advisor’s dependence on commission income, the greater the conflict. In the end, that conflict can cost you, both in out-of-pocket expenses and in the quality of advice you receive. At the National Association of Personal Financial Advisors (NAPFA) we believe there is a significant conflict of interest if an advisor stands to gain financially from any recommendations you may follow. What Can’t An Advisor Do? Predict the future. Guess what you are thinking. Guarantee the performance of investments. Protect you from destructive financial habits that you do not address yourself. Go beyond the role of advisor into the role of a therapist. Magically get you as much money as you would like to have. Earn higher than average returns year after year. Your Responsibilities As A Client: Provide the background information necessary for an advisor to make informed judgments and recommendations. Be ready to consider new information. Ask for clarification when you don’t understand som
