Why is Fee-Only Compensation of Critical Importance to You?
A financial planner who has a financial stake in the course of action that he/she recommends to a client faces an inherent conflict of interest and may not be considered objective and unbiased.
This is true even if the planner truly believes that he/she has only the best interests of the client at heart.
Unfortunately, the vast majority of financial advisors in the United States are sellers of financial products. Some or all of their income may be dependent upon their ability to steer their clients to a limited number of the thousands of financial products available today. (Putting aside the conflict of-interest factor, this limiting of choices, in and of itself, often is enough to impact the quality of the investment advice.)
These advisors include stock-brokers, analysts, insurance agents, accountants and attorneys, as well as financial planners. Many of their clients are not aware of their advisors’ dependence on selling products, or do not recognize its significance.
Here at Clear View Wealth Advisors, LLC our professionals believe that many of the problems that beset Americans today in their financial affairs – including the mismanagement of debt, failure to protect retirement assets and poor allocation of savings and investments – relate directly to the conflicts of interest that pervade the marketplace.
At Clear View Wealth Advisors, LLC the board-certified financial planning professionals offer expert advice backed up by years of experience and special training and a duty to protect and serve each and every client.
– Fee-Only –
Expert Advice without Commissions or Typical Conflicts of Interest
Bottom Line
Ask yourself, who would you rather have guiding you to your financial goals:
Someone with the special training, experience and demonstrated knowledge to provide truly comprehensive planning advice or someone else.
If you had to have surgery, you’d probably want to have an experienced board-certified surgeon operate on you.
If you have financial pains, you should seek help from board-certified financial professionals as well.
How to Choose a Professional Who is Right for You: 10 Questions to Ask When Choosing a Planner
CFP Board’s Consumer Guide to Financial Self Defense
