The term refers to the method of compensation for financial planners. "Fee-only" planners are compensated solely by fees paid by their clients and do not accept commissions or compensation from any other source.
As a "fee-only" planner we believe there is a significant conflict of interest if an advisor stands to gain financially from the purchase of any product he or she recommends to the client.
Tuesday May 13th, 2008
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Certified Financial Planner Board of Standards, Inc. owns the certification marks CFP®,
Certified Financial Planner™ and CFP® in the U.S., which it awards to individuals who successfully
complete initial and ongoing certification requirements.