What is a Fee-Only Adviser?

A fee-only financial advisor does no accept commissions for the investment products used in your portfolio. Rather, we are compensated based upon a percentage of assets under management, hourly fees or a flat-fee. 

Fee-only advisors do not accept commissions, because commissions create an inherent conflict of interest between a client and a broker (sales-person). Fee-only advisors do not charge commissions like brokers do, nor do we share revenue from investment products that we recommend.

Ultimately, fee-only financial planners and financial advisors are compensated for the informed, independent and objective financial advice that is provided. 

Fee-only advisors are different than fee-based advisors as fee-based representatives do receive commissions on some products. You must discern if there is a conflict of interest. In addition, many brokerage firms today are pushing fee-based planning as a way to increase their revenue streams. It is important that you compare fees because over time those will erode your investment returns if the fees are too high.

At Bluemound Asset Management, we are fiduciaries representing your best interest. Bluemound is a Registered Investment Adviser working on a fee-only basis sitting on the same side of the table as you. I seek to objectively cull the vast amounts of information constantly bombarding you today. I have focused the firm on being a low-cost provider of investment management in order to help more drop to your bottom line. 

Consider these thoughts:

Consumer Reports: “Watch out for sales commissions and conflict of interests.  Consumer Reports continues to believe the Fee-Only planners remain your best option.”

Newsweek Magazine/Washington Post:  Jane Bryant Quinn: “Financial Planners who take commissions have a built-in conflict of interest… even with disclosure, my choice would be a fee-only planner.

AARP“You can be sure that a fee-only planner won’t try and sell you an investment just to earn a commission.”

Contact me to talk about a low cost fee-only financial advisor relationship.