Monday, November 21, 2011

Why Is Fee-Only Financial Planning A Better Way

My unique approach to investing and financial planning stems from a strong belief that most financial advisors are often driven more by how to sell you financial products than by sound financial principles.

Fee-Only Financial Planner is someone who does NOT sell financial products OR accept commissions. They are compensated ONLY by providing you with unbiased, objective advice regarding your finances.

The way in which a financial planner is compensated can directly affect the advice he or she gives clients. A relatively small percentage of the individuals offering financial advice actually get paid exclusively for giving such advice. The majority earn some or all of their income selling mutual funds, annuities, insurance, and other financial products to implement their recommendations. “Advisors” who are also salespeople, however, inevitably face a conflict of interest and will almost certainly be tempted to steer clients into products in which they have a financial interest. The greater the advisor's dependence on commission income, the greater the conflict. In the end, that conflict could cost you both in out-of-pocket expenses and in the quality of advice you receive.

Achieving your life goals is easier when your financial planner focuses on all areas of your financial life and is accessible when your circumstances change. Financial planning is a process, not an event. 

If you have questions or would like a complimentary initial consultation call 615-878-2134 or click

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