Jan 19th, 2011 by Tim Kober
Esther Pak at Morningstar does a good job explaining the often-overlooked difference between Fee-Only and Fee-based compensation methods. She also explains that Registered Investment Advisers are held to a Fiduciary standard and that stock brokers are held to a “suitability” standard. Read the article The Difference Between Fee-Based and Fee-Only Advisors by clicking on the link.
Cedar Financial Advisors charges a flat fee for Financial Planning Services, and provides Wealth Management Services (ongoing financial planning and investment management services) on a Retainer or Assets Under Management (AUM) basis.