PFSI is proud to be a Fee-Only™ firm and Doug maintains his status as a NAPFA-Registered Financial Advisor™ in addition to the CERTIFIED FINANCIAL PLANNER™ and Accredited Investment Fiduciary™ designations.

What does"Fee-Only™" mean?

The term Fee-Only™ refers to the method of compensation that an advisor receives. Fee-Only™ planners are compensated solely by fees paid directly by their clients and do not accept commissions or compensation from any other source. The Fee-Only™ model eliminates the inherent conflict of interest whereby an advisor gains financially from the product recommendations made to the client.
 

Is "Fee-Only™" the same as "Fee-Based?"

NO! "Fee-Based" advisors charge for the planning work and then recommend products (insurance and investments) on which they receive commissions or some other form of compensation from the product provider. Fee-Only™ advisors do not accept any compensation that doesn't come directly from the client. 

What is the significance of being a National Association of Personal Financial Advisors (NAPFA) member?

NAPFA members are held to a higher standard than members of other financial organizations in terms of:

• Membership requirements - no commissions, commitment to the NAPFA fiduciary oath, and preparation of a financial plan for peer review
• NAPFA members require twice the continuing education credits required to maintain the CFP designation via the Certified Financial Planner Board of Standards
• Loyalty and care for their clients