3 Reasons Why You Should Hire a Fee-Only Financial Planner

Are you looking for someone to guide you and help you reach your goals? Choosing a fee-only planner (aka fee-only financial advisor) might suite your needs well. Unlike advisors who may have conflicts of interest fee-only planners abide by the fiduciary oath, prioritizing their clients' best interests and offering flexible payment options. In this blog post we'll discuss three reasons why hiring a fee-only planner is well worth considering. 

Fiduciary Oath

I believe in placing your best interests first. Therefore, I am

proud to commit to the following five fiduciary principles:

I will always put your best interests first.

I will act with prudence; that is, with the skill, care,

diligence, and good judgment of a professional.

I will not mislead you, and I will provide conspicuous, full

and fair disclosure of all important facts.

I will avoid conflicts of interest.

I will fully disclose and fairly manage, in your favor, any

unavoidable conflicts.

1. Reduced Conflicts of Interest

One advantage of working with a fee-only planner is the decrease in conflicts of interest. Unlike advisors who earn commissions from product sales these planners don't receive compensation tied to recommendations. This means they focus on providing financial advice that aligns with your requirements and goals. By eliminating conflicts of interest, you can trust that the guidance you receive is tailored to what benefits you

2. Focus, on Advice

When you engage a fee-only planners services you can be sure that their main focus is delivering unbiased advice.

These advisors don't make recommendations based on earning commissions or meeting sales targets. This gives them the time to understand your circumstances and offer guidance. When you work with a fee-only planner you can expect deeper conversations about financial decision making that empower you to manage your finances. This exclusive focus on providing advice sets fee-only planners from those operating under a commission-based system.

3. Payment Options Variety

Another attractive aspect of engaging fee-only advisors is the range of payment options they provide. Unlike advisors who depend on commission-based fees these planners give you flexibility in how you pay for their services. They often charge a percentage based on the assets they handle for you directly tying their earnings to your progress. Additionally, some fee-only planners may offer fees for services or require retainers. Having payment structures allows you to choose the option that best suits your preferences and financial circumstances.

In Summary

When choosing someone to help guide you through your financial journey, selecting a fee-only financial planner offers clear advantages. Their focus on your interests with the removal of conflicts of interest and diverse payment models make them stand out amongst the sea of financial advisors.

We believe it is essential to have recommendations tailored to your needs and goals while feeling confident that your financial advisor is solely committed to your welfare. These factors are crucial for ensuring advice and peace of mind, in managing your finances.

If you're ready to shift your perspective, consider consulting a fee-only advisor who can assist you every step of the way. Professionals, like those at Carriere Financial Planning offer tailored advice to help you create a strategy address specific needs and make adjustments as necessary. For in depth guidance, on planning reach out to Carriere Financial Planning at 719 421 6333 or email Paul directly at paul@carrierefinancialplanning.com.

_{Paul Carriere CFP® provides fee-only financial planning and investment management services in Colorado Springs, Co. Carriere Financial Planning serves clients as a fiduciary and never earns a commission of any kind. Paul has over 10 years of experience as a financial advisor in Colorado Springs.}