Fee-Only Financial Advisors: What They Are and How to Find One

Fee-only financial advisors are paid directly by clients rather than through commissions on financial products. That fee structure can make compensation easier to understand and may reduce conflicts tied to product sales.

How fee-only advisors are paid

A percentage of assets under management. A flat annual retainer. An hourly rate. A project-based planning fee.

What is a fee-only financial advisor?

A fee-only financial advisor is paid directly by the client and does not earn commissions from selling products.

Is fee-only the same as fiduciary?

Not always, but many fee-only advisors also act as fiduciaries when providing advice. You should confirm this directly.

How do I know if an advisor is really fee-only?

Ask how they are paid, whether they earn commissions, and whether that compensation is disclosed in writing.