Advice-Only vs Fee-Only vs Flat-Fee vs Fee-For-Service
When seeking financial advice, you’ll encounter a confusing mix of terms—all promising “unbiased” help. In common usage, advice-only may refer broadly to no-AUM or flat-fee planning. In this framework, Advice-Only™ refers to a structural fiduciary design that separates financial advice from implementation-linked incentives. Fee-only, flat-fee, and fee-for-service all sound like they should be conflict-free. But […]