What Does Fee-Only Mean?

Most financial people make money out of selling “products” that generate commissions and fees for themselves.  By selling mutual funds, they get either a “front-end or back-end load” (= sales commission) or a 12b-1 fee (a fee that comes out of your returns so that they can market the fund to others).  None of these fees or commissions help you!

With most life insurance products sold, the salesperson will get up to 95% of your premiums in the 1st year.  Hence the tremendous sales pressure that insurance agents are putting on their clients!

 

Fee-Only Financial Planning

How are We Different?

We do NOT sell any mutual funds or insurance.  We provide an Orderly, Unbiased Analysis of an individual or family’s whole financial situation.  When we recommend investments or insurance we will direct you to other low cost providers—Always keeping your needs foremost.

How are we Paid?

We charge an hourly rate, so you only pay for the services you need.  No compensation is received from anyone else other than the client.

Stephen Madeyski, CFP^®, MBA

505 798-9496   or Stephen@MadeyskiFP.com

Stephen Madeyski

What are Fee-Based Advisors?

Some advisors call themselves “fee-based” advisors, which usually means that they may be receiving commissions or other income from fund, insurance or annuity companies for placing your money into certain “products”, which are generally expensive for you and usually not the best for you.

Instead work with an advisor who will give you written disclosure declaring that they do not get any compensation from anyone other than the client.