💵 What Does “Fee-Only” Really Mean? | Purpose Driven Finances

Description:

📅 Aired January 18, 2025

We’re continuing our 4-week series on the top four questions every prospective client asks me. Each week, you’ll also find a free downloadable resource on the Servus Capital Management blog.

This episode opens with reflections on the upcoming Trump inauguration 🇺🇸 — the optimism it has stirred, why details are being held close to the vest, and how businesses are responding in this moment of change.

Then, we dive into today’s big topic: “What does Fee-Only really mean?” ⚖️

• The difference between broker-dealers and fee-only Registered Investment Advisors (RIAs)
• Fee-only vs. fee-based models: how each is structured, and what it means for you as the client
• Key comparisons:
• • Fee-Only ➝ paid directly by the client, fiduciary standard, no conflicts of interest, highly transparent, best for holistic planning
• • Fee-Based ➝ client pays, but firms may also receive commissions or incentives, varying conflicts depending on the fine print, often best for certain financial products
• Flat fees vs. blended fee percentages 💵
• Financial planning fees vs. all-inclusive asset-based fees

The goal: to help you understand exactly how advisors get paid, and why the fee-only model provides greater alignment, transparency, and peace of mind.

📞 Call Allan at 434-316-0246

🌐 Visit: www.servuscm.com