The Difference

Fee-only financial advisors and fee-based advisors both offer financial planning and investment services, but there are significant differences in how they charge for their services and the potential conflicts of interest that may arise. Here are the benefits of each type: Benefits of Fee-only Financial Advisors: Objective Advice: Fee-only advisors are compensated solely through fees paid by their clients. As a result, they have no incentive to promote specific financial products