• Skip to main content
  • Skip to primary sidebar

Ask Liz Weston

Get smart with your money

  • About
  • Liz’s Books
  • Speaking
  • Disclosure
  • Contact

How to Find ‘Advice-Only’ Financial Advisers

March 13, 2018 By Liz Weston

If you want money advice you can trust, your best bet is to hire a fee-only financial planner. The trick is finding a planner who’s willing to be hired for a reasonable fee.

Fee-only planners don’t accept commissions or kickbacks and are paid solely by client fees. Most use an “assets under management” model where they manage their clients’ investments and charge an annual fee of about 1 percent. To make the math work, these financial planners usually require people to have hundreds of thousands of dollars to invest. Otherwise the advisers would reap too little from their fees to justify the hours spent creating financial plans.

This is obviously a problem for people who don’t have enough assets. In my latest for the Associated Press, how to find financial advice that isn’t based on the size of your portfolio.

Related Posts

  • What good financial advice looks like

    Good financial advice can help you achieve your life goals. Bad financial advice can cost…

  • Free money advice

    You have questions about money--everybody does. Now you have the opportunity to get answers from…

  • Get free financial advice

    Need some free, one-on-one financial help from a qualified advisor with no strings attached? Check…

  • Retirement advice from retired financial experts

    Most retirement advice has a flaw: It's being given by people who haven't yet retired.…

Filed Under: Liz's Blog Tagged With: advice-only financial advisers, financial advisers

Primary Sidebar

Search

Copyright © 2025 · Ask Liz Weston 2.0 On Genesis Framework · WordPress · Log in