To Fee, Or Not To Fee…
I’ve been reading a greater volume of information in the press recently about “FEE-ONLY” advisors.
It’s amazing to me that the news of this type of advisor is finally making headlines. These advisors have been working for their clients for many, many years. Seems to me that wilth all the advertising noise of the large “Fee-Based” and brokerage houses that this option has been mostly obscured.
I was reading an article in the Canton Observer this morning by Rick Bloom related to finding a good avisor. Rick is another FEE-ONLY advisor in the area who has been asked to publish a weekly column. A link to this article follows:
Finding a good advisor key to successful investing
He writes about finding an advisor that is free from conflict of interests, reminding me of another author that wrote many things about conflict, Shakespeare.
Here’s my take (with a great bit of poetic license 
) on conflict free investing…
To fee, or not to fee: that is the question:
Whether ‘tis nobler in the mind to suffer
The slings and arrows of outrageous brokerage and fee-based expenses,
Or to take arms against a sea of conflict of interest,
And by opposing end them? To die: to fee;
No more;
To fee: perchance to dream: ay, there’s the rub;
For in that fee of conflict, what dreams may come?
It is EXTREMELY important to understand the difference in advisors, and how they are compensated.
As a FEE-ONLY advisor, my clients are assured of advice that is free of any conflict of interest. I am a Fiduciary. This means that I put my client’s interest above my own. I’m not thinking about how I will be compensated because I’m not selling a “product”.
Don’t you want to be assured that your advisor is ALWAYS working for your best interest, even above their own?
Other edicational and fiduciary informational links:
Paladin Registry
fiduciary360
Centre For Fiduciary Excellence - CEFEX
best regards,
Wayne B. Titus III
CPA / PFS, CISA,
Accredited Investment FiduciaryTM
AMDG Financial
A Fee-Only Investment Advisor
From financial wisdom, better stewardship.SM
AMDG Business Advisory Services, P.L.C.
684 Deer Street
Plymouth, MI 48170
734.737.0855 x101 (AMDG Tax & Accounting)
734.737.0866 x101 (AMDG Financial)
734.673.2810 Mobile
734.737.0877 Fax
www.amdgservices.com
Wayne's Wisdom
"My vision is to be able to impart meaningful financial wisdom and tax advice that enables people to achieve better stewardship for their families and businesses."
