Fee-Based Planning
What is fee-based planning?
Financial planners in Appleton are typically compensated in two ways: commissions and fees. Commission-based advisors are paid in relation to sales and trades, while fee-based advisors are paid at a set rate based on a client’s assets under management. This enables you to compensate us based on the value of your assets under management, not on the number of transactions.
What are the benefits?
Because a fee-based advisor’s income is not based on selling products to you, conflicts of interest are minimized. Furthermore, when an advisor charges a fee for planning and investment services, they must act as a fiduciary and make best interest recommendations that are suitable to their client’s needs. There is little to no incentive for a fee-based planner to sell products or make a lot of trades.
Ultimately, the quality of service you receive does not solely depend on an advisor or planner’s model of compensation; however, the kind of advice may be affected. While a commission-based model may be suitable for some individuals (such as those with a low amount of activity in their accounts), at Avaii Wealth Management, we have found that a fee-based model helps us to best serve our clients and place their individual needs first.
Client Centered
Our first priority is helping you take care of yourself and your family. We want to learn more about your personal situation, identify your dreams and goals, and understand your tolerance for risk. Long-term relationships that encourage open and honest communication have been the cornerstone of our foundation of success.
For more information about how we can help you achieve your goals, reach out to us today!