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Value of a Fee-Based Advisor

Value of a Fee-Based Advisor

January 22, 2024

Does fee-based advising make sense? At the end of the day, I believe it boils down to philosophy. Many advisors, like us, have decided that a business model that requires transparency and collaboration is just the right thing to do.

It should be about more than making a sale. A fee-based advisor has a fiduciary responsibility, in advisory relationships, to always do what’s in your best interest. Does a transaction-based advisor have similar motivation? Perhaps.

Transaction-based advisors depend on selling you a product in order to receive commission regardless of how your portfolio performs. Of course, every advisor is different, but knowing the financial motivations driving the transaction-based model is just smart business.

Our interests are your interests. The fee-based advisor focuses on maintaining a long-term relationship with you and your investments.

I always feel a sense of partnership and collaboration when I’ve been able to help a client prepare for their financial future, as opposed to just selling an investment product here and now. As fee-based advisors, we have the same goal as you: seeking to grow your assets. We both succeed when that happens.

Fee-based works best for us. We offer clients just like you the choice of a fee-based relationship because it’s in their best interest for them and also true to our philosophy as advisors.

Our consciences and our ethics have guided us toward this business model – and through it, we believe we can provide the appropriate guidance to our clients.

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite, LLC, is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security.