What Does “Fee Only” Mean?

This term refers to the method of compensation for the financial planner and organization. “Fee-only” planners are compensated solely by fees paid by their clients and do not accept commissions or compensation from any other source. Parlan is a fee-only financial planning corporation.

“Fee-only” planners 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. Since there is no commission to be made, we have no vested interest in the financial products we recommend, other than they serve your purposes as the best choice possible.

As a fee-only corporation, we provide services to our clients according to a set hourly rate. We are paid for our financial planning expertise, not for our sales expertise.

National Association of Professional Financial Advisors (NAPFA) - Fiduciary Oath

The advisor shall exercise his/her best efforts to act in good faith and in the best interests of the client. The advisor shall provide written disclosure to the client prior to the engagement of the advisor, and thereafter throughout the term of the engagement, of any conflicts of interest which will or reasonably may compromise impartiality or in dependence of the advisor.

The advisor, or any party in which the advisor has a financial interest, does not receive any compensation or other remuneration that is contingent on any client’s purchase or sale of a financial product. The advisor does not receive a referral fee or other compensation from another party based on the referral of a client or the client’s business.

Site design and maintenance by iNetWerkz