Fee-only, advice-only financial planning brings the integration of all areas of personal finance to the forefront and makes it the sole goal of the client-adviser relationship. True fee-only, advice-only financial planning ensures that the planner and their company are compensated solely by agreed-upon fees paid by the client. This means there are no hidden costs, third party financial motivations or kickbacks – the planner represents the client and only the client.
Objectivity is the name of the game, which is important in a global financial market that can be fraught with conflicts of interest.