Fee only advisor
A fee only advisor is an advisor solely paid by his client, thus removing any conflict of interest.
The advisor, or any party in which the advisor has a financial interest, does not receive any remuneration or other compensation that is contingent on:
- His client’s purchase or sale of any financial product.
- A referral of a client.
Further reading:
» For more information on fee only advisor, check out the National Association of Personal Financial Advisors.