Fee-Only financial planners are not employees of insurance or brokerage companies, which allows them to provide unbiased advice based on what is best for each client. Their fees come solely from their clients, whom they charge for their time. Do not confuse Fee-Only with Fee-Based advisors who are pretty much stock brokers in disguise.
SMFP does not charge fees based on assets under management, which is a very expensive way of paying for advice, and can lead to certain conflicts of interest. Investment advice and planning advice is based on an hourly basis, with regular review meetings on a schedule that works best for you.
We are a “Fiduciary”
fi•du•ci•ar•y – A financial advisor held to a Fiduciary Standard occupies a position of special trust and confidence when working with a client. As a Fiduciary, the financial advisor is required to act with undivided loyalty to the client. This includes disclosure of how the financial advisor is to be compensated and any corresponding conflicts of interest.