Fee-only financial planner Rick Kahler has become the first advisor from South Dakota accepted into the National Association of Personal Financial Advisors (NAPFA). Membership in NAPFA is granted only to Fee-Only advisors who are paid directly by their clients. Members receive no commissions or other incentives for selling financial products. Those forms of compensation create potential conflicts of interest.
“NAPFA’s philosophy and standards are completely in line with the approach we take for every one of our clients,” said Kahler, president of Kahler Financial Group, the largest financial planning firm in the six-state Midwest region. “Fee-Only means we are not compensated by commissions from selling products. Our fees are based on working with our clients, no matter what financial plan they choose. We provide objective counsel based on what’s best for our clients, not what’s easiest to sell.”
Kahler’s firm, established in 1983, was the first Fee-Only financial planning firm in South Dakota and provides comprehensive financial planning.
“Rick Kahler is a welcome addition to our organization,” said NAPFA Chair Diahann Lassus. “Membership in NAPFA denotes a real accomplishment for any financial advisor. NAPFA presently has 2,133 total members of which 1,285 are NAPFA-Registered Financial Advisors. We are always pleased when we can strengthen our ranks with well-trained, highly-committed financial advisors.”
Kahler recently published his fourth book, Wired for Wealth: Change the Money Mindsets That Keep You Trapped and Unleash Your Wealth Potential (HCI Books), co-authored with Brad Klontz, Psy.D., and Ted Klontz, Ph.D. The book is designed to “recession-proof and re-wire our brains for wealth,” Kahler explained.