What Is A Fee Only Planner?
A Fee Only planner is compensated solely by the client. They do not receive any compensation that is contingent on the purchase or sale of a financial product.
A Fee Only planner may not receive commissions, rebates, awards, finder’s fees, bonuses or any form of compensation from others as a result of a client’s implementation of the individual’s financial planning recommendations. Because AIO is only compensated by our clients, we can address a diverse array of financial issues that do not involve selling investment products.
Why is Fee Only Important?
A financial planner who is selling a product and can gain from he/she recommends has a conflict of interest and cannot be objective and unbiased.
Unfortunately, the vast majority of financial advisers in the United States are sellers of financial products and receive a commission. Some or all of their income may be dependent upon their ability to steer their clients to a limited number of the financial products. Many of their clients are not aware of their advisers’ dependence on selling products or the total fees they are paying.
Our annual fee is based on the amount of assets that you want us to manage, as follows:
($500/quarter minimum fee)
On the first $500,000 (1.00%)
industry median fee 1.25%*
On the next $500,000 (0.70%)
industry median fee 1.0%*
On the next $1,000,000 (0.50%)
industry median fee 0.9%*
On the next $10,000,000 (0.30%)
industry industry median fee 0.75%*
Above $12,000,000 (negotiated)
*According to the Inside Information, 2017 Planning Profession Fee Survey
We can also work on an hourly basis. Bill Holliday, CFP bills at $250/hour
When you work with AIO Financial, you work directly with Bill Holliday, CFP - a fiduciary working just for you.
Bill, a Certified Financial Planner with over 15 years of experience, is at every client meeting and responsible to insure your financial plan is properly carried out. We work with you on a comprehensive financial plan so that we are considering all aspects of your finances.
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AIO Financial, 520-325-0769