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Fee-only advisors don’t earn commissions based on the types of products they sell, so they’re less likely to have conflicts of interest. Other financial advisor costs to consider.
Fee-only financial planners: These advisors charge a flat fee or hourly rate, eliminating potential conflicts of interest from earning commissions on specific products. Look for a certified ...
A fee-only financial planner is someone who earns a fee for their services from their clients and does not receive commissions on the sale of financial products as additional compensation. The fee ...
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A broker (Series 7) may also be a financial planner. Any advisor can say they are a financial planner; they do not have to hold the CFP (Certified Financial Planner) designation to do so. A financial adviser may create financial plans for clients or sell financial products, or a combination of both. They may also provide insight on savings. [3]
My advisor charges a 2% fee for financial advice. He does not provide tax advice. My portfolio is currently worth around $850,000. Does this fee sound appropriate? – Tim Without knowing the full ...
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