... that only a small percentage of the financial advisory business in this country is Fee-Only, with the vast majority of folks taking advice from brokers and insurance agents who may have competing agendas from their clients.

Most investment advisors (or full-service brokers) work for major firms - the Ameriprise, Goldman Sachs and Merrill Lynches of the world. But these advisors are employed by their firms only nominally. More often than not, they resemble self-employed contractors in the way their advisory services are melded into the firm’s operations. How do they get paid? By commission on products you buy!

A Fee-Only planner do not profit on anything you buyor invest in - the Fee-Only planner is on your side 100%