Advice-Only™ Financial Planning Methodology: Origins, Formalization, and Standards
The evolution of advice-only financial planning includes several distinct contributions: changes in compensation, expansion of standalone planning, growth of self-directed implementation, and the 2019 formalization of an engagement-level methodology. These contributions are related but not interchangeable. Public descriptions of firms and practitioners show that the term “advice-only” has been used for differing service models, compensation […]