Three key benefits of working with a financial planner on a fee basis in Tampa, FL

Written by Eric Ebbert CFP®, MBA

On May 10, 2021

Looking for a financial advisor who can help you grow your wealth and reach your goals? If you are in the Tampa, Florida, area, you should consider working with a local financial planner who charges a fee directly paid by the client rather than a commission paid by a company and/or product.  

“So,” you may be wondering, “why would I work with a fee-based planner instead of a commission-based planner?” 

Take a look below at three of the key reasons why you may want to work with  fee-based financial planner instead of a commission-based planner.

1. Freedom from conflict of interest

Conflict of interest could arise with financial planners who work off commission. They may have a vested interest in recommending certain products or opportunities sponsored by their employers or that are beneficial to their own portfolios.

Planners who charge a fee earn income from the fees you pay for their services. They have no vested ties to opportunities that they unethically promote in their own interests instead of yours.  If they do have a conflict of interest, they must disclose it to you and manage that conflict in your favor.

2. Transparency

Because fee-only planners charge a flat rate, hourly rate or based on assets under management, you are not left guessing what the costs of their services may be. Working with commission-based planners leaves a lot of room for guessing what you may end up paying as time goes on.

3. Comprehensive planning

Fee-based planners can work with you to create a comprehensive financial strategy to help you reach your short- and long-term goals. The plans they create are customized with your needs and goals in mind. 

Looking for a fee-based financial planner in Tampa? It is time to talk to ProVise

At ProVise Management Group, our CERTIFIED FINANCIAL PLANNER™ professionals can get to know you and your current financial circumstances, goals, risk tolerance and personal values to help you develop a plan that works for you. We can also create a written plan for you at a fiduciary standard of care. All our written plans come with an unconditional money-back guarantee. If you are unhappy with your written plan, you can return it to us, and we will refund 100% of the fee paid.

Are you ready to talk to a professional about financial planning? Contact ProVise today to schedule a complimentary consultation.

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