What is the difference between Fee-Only versus Fee-Based compensation?
Fee-only means the fees that we receive for financial planning and portfolio management come directly from our clients. We do not sell any insurance or investment products and do not receive any commissions or accept any referral fees. With respect to you, the client, the Fee-Only financial advisor wears a single hat, that of the trusted advisor without the motivation or incentive of selling any other products.
A Fee-Based advisor may receive fees from clients for financial planning or investment management as well as commissions from the sale of insurance or investment products.