Fees | What Your Fees Cover | Planning Insights
What are you getting for the fee you pay? A financial professional with a fee-based business should be able to provide you with insight into retirement planning, tax and estate planning, risk management, and college planning. He or she should provide more than just a second opinion on your investment choices.
If you feel you deserve more service and resources from a wealth manager than what you now receive, consider hiring a Certified Financial Planner™ professional. A CFP® professional possesses the education, experience, and perspective to offer a truly holistic overview of your financial situation and the possible paths toward your financial goals. The phrase “comprehensive financial planning” truly sums it up.
When a financial professional gives you truly comprehensive guidance, that 1% fee may be worth every penny. A 1% annual advisory fee is a tiny price to pay if the insight gained keeps you from making an error that could cost you much more. (It should be mentioned that some CFP® professionals are willing to negotiate their fees. Some determine their annual advisory fees based on a sliding scale.)
A CFP® professional who provides financial planning services must also abide by a fiduciary standard. What does that mean? It means that when that person offers financial advice, he or she must act solely in a client’s best interest.1
This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.
2 - cfp.net/public-policy/public-policy-issues/fiduciary-standard [4/19/16]
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