fee-only financial planning

Fee-only financial planning is a payment model where financial planners charge clients directly for their services, rather than earning commissions from selling financial products. This means planners are incentivized to provide unbiased advice tailored to the client's best interests. Clients pay a flat fee, hourly rate, or a percentage of assets under management. This model promotes transparency and reduces potential conflicts of interest, as the planner’s income depends solely on the client’s satisfaction and success, rather than on selling specific investment products or services.