No Selling – Just Wisdom
Client-centered, fee-only planners, like Kahler Financial Group, are compensated for their knowledge and services, much like an attorney or a physician. We do not receive commissions from the sale of products such as insurance or investments.
Seven Times More Service
Clients of a comprehensive fee-only financial planner receive broad-based financial advice, where the customers of a brokerage firm representative or a financial product salesperson typically receive only investment advice. A client-centered, fee-only financial planner helps clients orchestrate everything about their financial lives. This includes such areas as:
- Cash flow management
- Insurance advice and asset protection
- Investment advice and management
- Retirement planning - both financial and non-financial aspects
- Tax strategies
- Estate planning - both financial and non-financial areas
- Financial coaching - integrating your money with your career, life, and family
Full Disclosure or No Disclosure
The fact our clients pay less in financial planning fees than in commissions is not just an issue of finding the cheapest advisor, it's really a trust issue. Many of the fees and commissions charged by the representatives of brokerage firms are hidden from view. If most consumers knew about these costs, they might object.
The difference between professionals and salespeople is that professionals disclose all costs and compensation clearly and visibly. This lack of full disclosure is one reason why so many customers of financial salespeople think they don’t pay anything for their advice. The only way to know exactly what commissions and fees you are paying is to read the fine print, ask the right questions, and insist on getting clear answers.
Customer or Client
When you engage a client-centered, fee-only financial planner, you become a client. When you buy products from a brokerage firm representative or financial product salesperson, you are a customer. A brokerage firm representative is employed by and owes a duty to the firm, rather than you. A fee-only financial planner owes a duty to you, the client, to be your advocate. That means they will disclose all conflicts of interest and work in your best interests. A financial product salesperson owes you, the customer, nothing but to treat you “fairly.”
Fee-Only Costs Less
Client-centered, fee-only financial planners tend to cost less and deliver more. One of the most obvious cost savings is because fees are typically less than commissions. Bob Veres recently wrote in Inside Information that “a client with a $1 million portfolio will pay at least $20,000 more in various hidden costs to a broker than to a fee-only financial advisor, even if both the broker and advisor are charging the same fee amount for the planning and investment work.” Also, financial advisor fees can be tax-deductible, where commissions are not.
Financial Advisor Fees
Our annual retainer fees range from 0.2% to 1.5% of investment assets. There is also a one-time Data Gathering and Design Fee.
The Added Value
Finally, you may also save substantial amounts by following the advice of a client-centered, fee-only financial planner, which is based solely on what the planner perceives to be your best interests. Such advice—and the very real financial benefits it can provide—is one of the most important things you pay a financial planner for. That is why an increasing number of consumers are seeking out the services of client-centered fee-only planners like Kahler Financial Group.