We say it all the time but why exactly does "Fee-Only Make a Difference" mean?Well, it mostly has to do with the compensation structure, called “Fee-Only,” and how it compares to "Traditional" commission based financial planners. It’s this unique way in which Fee-Only financial advisors are paid that allows them to be objective in their advice and avoid conflicts of interest.
Read MoreLPL Financial shut down its registered investment advisor which targeted middle class America because the company did not meet expectations for growth. I guess LPL realized that it is more profitable to push commissioned based products rather then provide objective fiduciary advice
Read MoreI was doing a little research this morning and found an excellent article on the Fool.com about the Broker/Dealer model (e.g. Edward Jones), and the inherent conflict of interest associated with this model.
Read MoreA mutual fund owns shares in stocks (hundreds and sometimes even thousands of different stocks). You, as the investor, can own shares in the mutual fund which means you own a small percentage of all the stocks that the mutual fund owns. A, B, and C, are different types of share classes. The difference between these share classes are the fees that the investor pays to purchase the investment.
Read MorePhillip James Financial is not your traditional financial planner. This is because of our compensation structure, called “Fee-Only.” This fee is based on the percentage of assets that we manage for you.
Read MoreFinancial planners can be paid in multiple ways, hourly fees, on-going management fees, or through commissions earned by selling products.
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