{"id":728,"date":"2017-01-09T16:30:01","date_gmt":"2017-01-09T16:30:01","guid":{"rendered":"http:\/\/s876455381.onlinehome.us\/?p=728"},"modified":"2020-05-14T21:46:29","modified_gmt":"2020-05-14T21:46:29","slug":"the-benefit-of-choosing-a-fee-only-financial-advisor","status":"publish","type":"post","link":"https:\/\/frischfinancial.com\/staging\/the-benefit-of-choosing-a-fee-only-financial-advisor\/","title":{"rendered":"The Benefit of Choosing a Fee Only Financial Advisor"},"content":{"rendered":"

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We explain the benefits of choosing a fee only financial advisor, like being held to the highest standards.<\/p>\n

<\/p>\n

<\/p>\n

\n

<\/p>\n

There are many things to consider when deciding what type of financial advisor<\/a> to work with. One of the big differences between advisors is how they charge their clients. Two of the most common advisors are fee-only and commissioned based. When comparing fee-based and commissioned financial advisors, a person should weigh out all of the pros and cons of both types of advisors.<\/p>\n

<\/p>\n

<\/p>\n

Fee Based vs. Commissioned Based<\/h3>\n

<\/p>\n

A financial advisor who is only compensated by fees is known as a fee-only advisor. Fee only advisors can charge a flat retainer, an hourly rate, or a percentage of assets that are managed by the advisor. In comparison, a financial advisor who is compensated by commissions is known as a commission-based advisor. Commission based advisors are typically compensated by the products they sell. SO the question is…do you want to work with an advisor that is unbiased with their advice or do you want to work with an advisor who is paid to sell you something?<\/p>\n

<\/p>\n

<\/p>\n

Fee-Only Advisor Pros<\/h3>\n

<\/p>\n

Fee-only advisors are held to the highest standards and almost always operate as a fiduciary. A fiduciary has a legal obligation to give advice that in the client’s best interest. When choosing a fee-only financial advisor one of the benefits is that you will not worry about a conflict of interest. This removes the questions of whether a recommendation is in the best interest of the client or the advisor. Another benefit is that many fee-only advisors are financial planners well. Fee-only financial advisors can offer you an objective opinion of your entire financial situation. These services might not only include investment management of your portfolio, but also address other financial questions you may have or maybe even a full financial plan.<\/p>\n

<\/p>\n

<\/p>\n

Choosing a Fee-Only Financial Advisor<\/h3>\n

<\/p>\n

At Frisch Financial our team of experienced fee-only financial advisors works together to help you with what you need. We offer a wide range of services, which include hourly services, portfolio advice and ongoing investment services. Choosing an advisor to help you with your financial needs is an important decision. If you have any questions about our services, please call. We would like to have the opportunity at Frisch Financial to serve your financial planning and investment management needs.<\/p>\n

<\/p>\n

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\u00a0 \u00a0 \u00a0Our Locations<\/strong><\/h3>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_5,1_5,1_5,1_5,1_5″ use_custom_gutter=”on” gutter_width=”2″ _builder_version=”4.4.3″ background_color=”rgba(117,117,117,0.3)” custom_margin=”||||false|false” custom_padding=”|102px|||false|false”][et_pb_column type=”1_5″ _builder_version=”3.26″][et_pb_image src=”https:\/\/frischfinancial.com\/staging\/wp-content\/uploads\/2019\/12\/bottombrand.png” align=”center” _builder_version=”4.4.3″ transform_scale=”208%|208%” width=”100%” width_tablet=”35%” width_phone=”” width_last_edited=”on|tablet” module_alignment=”center” custom_margin=”|||0px|false|false” custom_margin_tablet=”|||32px|false|false” custom_margin_phone=”” custom_margin_last_edited=”on|tablet” custom_padding=”0px|11px|25px||false|false” mix_blend_mode=”hard-light” module_alignment_tablet=”center” module_alignment_phone=”” module_alignment_last_edited=”on|phone”][\/et_pb_image][\/et_pb_column][et_pb_column type=”1_5″ _builder_version=”3.26″][et_pb_text _builder_version=”4.4.3″ text_text_color=”#000000″ text_orientation=”center” custom_margin=”|||-97px|false|false” custom_margin_tablet=”|||0px|false|false” custom_margin_phone=”|||0px|false|false” custom_margin_last_edited=”on|tablet”]<\/p>\n

445 Broad Hollow Road
<\/span>Suite 215<\/span>
Melville, NY 11747
<\/span>P: 516-694-7900
F: 516-694-7901<\/span><\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_5″ _builder_version=”3.26″][et_pb_text _builder_version=”4.4.3″ text_text_color=”#000000″ custom_margin=”|||-46px|false|false” custom_margin_tablet=”|||0px|false|false” custom_margin_phone=”|||0px|false|false” custom_margin_last_edited=”on|tablet”]<\/p>\n

1140 Avenue of the Americas
9th Floor
New York, NY 10036
P: 212-983-8444
F: 212-983-8151<\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_5″ _builder_version=”3.26″][et_pb_text _builder_version=”4.4.3″ text_text_color=”#000000″]<\/p>\n

2202 N. West Shore Blvd
Suite 200
Tampa, FL 33607
P: 813-639-7580
F: 813-639-7501<\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_5″ _builder_version=”3.26″][et_pb_text _builder_version=”4.4.3″ text_text_color=”#000000″]<\/p>\n

777 Westchester Ave
Suite 101
White Plains, NY 10604
P: 914-696-0800
F: 914-696-0808<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.22″][et_pb_row admin_label=”row” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”4.3.2″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”] We explain the benefits of choosing a fee only financial advisor, like being held to the highest standards. There are many things to consider when deciding what type of financial advisor to work with. One of the […]<\/p>\n","protected":false},"author":5,"featured_media":709,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"\n

We explain the benefits of choosing a fee only financial advisor, like being held to the highest standards.<\/p>\n\n\n\n

\n\n\n\n

There are many things to consider when deciding what type of financial advisor to work with. One of the big differences between advisors is how they charge their clients. Two of the most common advisors are fee-only and commissioned based. When comparing fee-based and commissioned financial advisors, a person should weigh out all of the pros and cons of both types of advisors.<\/p>\n\n\n\n

Fee Based vs. Commissioned Based<\/h3>\n\n\n\n

A financial advisor who is only compensated by fees is known as a fee-only advisor. Fee only advisors can charge a flat retainer, an hourly rate, or a percentage of assets that are managed by the advisor. In comparison, a financial advisor who is compensated by commissions is known as a commission-based advisor. Commission based advisors are typically compensated by the products they sell. SO the question is...do you want to work with an advisor that is unbiased with their advice or do you want to work with an advisor who is paid to sell you something?<\/p>\n\n\n\n

Fee-Only Advisor Pros<\/h3>\n\n\n\n

Fee-only advisors are held to the highest standards and almost always operate as a fiduciary. A fiduciary has a legal obligation to give advice that in the client's best interest. When choosing a fee-only financial advisor one of the benefits is that you will not worry about a conflict of interest. This removes the questions of whether a recommendation is in the best interest of the client or the advisor. Another benefit is that many fee-only advisors are financial planners well. Fee-only financial advisors can offer you an objective opinion of your entire financial situation. These services might not only include investment management of your portfolio, but also address other financial questions you may have or maybe even a full financial plan.<\/p>\n\n\n\n

Choosing a Fee-Only Financial Advisor<\/h3>\n\n\n\n

At Frisch Financial our team of experienced fee-only financial advisors works together to help you with what you need. We offer a wide range of services, which include hourly services, portfolio advice and ongoing investment services. Choosing an advisor to help you with your financial needs is an important decision. If you have any questions about our services, please call. We would like to have the opportunity at Frisch Financial to serve your financial planning and investment management needs.<\/p>\n","_et_gb_content_width":""},"categories":[13],"tags":[],"yoast_head":"\nFee Only Financial Advisors | Frisch Financials Group<\/title>\n<meta name=\"description\" content=\"Frisch Financial explains the benefit of choosing a fee only financial advisor in Long Island, Westchester, White Plains, New York & Tampa, Florida.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/frischfinancial.com\/staging\/#organization\",\"name\":\"Frisch Financial 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