Our Mission Statement
Provide common sense investment coaching and financial solutions for individuals, families and small companies. We will always put our client's best interest first. We will strive for the betterment of all client's financial well being regardless of their current circumstances.
What The Fiduciary Standard Means For You
Unlike many in the financial services industry, as a Registered Investment Advisor we are held to the fiduciary standard at all times. The fact of a recommendation being "suitable" for a client is not enough. The fiduciary standard requires us to "always put the client's best interest first". This applies to all recommendations we make, not just retirement related items.
Fee-Only vs Fee-Based. What Is The Difference And How It May Effect You?
A fee-only advisor, such as Financial Wellness Solutions, LLC., only receives compensation directly from the client. The fee-only advisor will never receive commissions or any other type of compensation for the recommendation or sale of any financial or insurance product. The fees received by the fee-only advisor could be a flat rate, hourly rate or based on a percentage of assets under management. Fee-only advisors typically operate under the "Fiduciary Standard".
A fee-based(fee & commission) advisor is generally compensated from both fees for advice and commissions from the sale of financial products offered through the advice given. Generally, fee-based advisors do not have a "Duty To Disclose" and therefore are not required to adhere to the "Fiduciary Standard".
By utilizing a fiduciary, fee-only advisor the potential for conflicts of interest that arise with advisors receiving commissions is eliminated. Your money will be put to work where it is in your best interest. Over the lifetime of your plan tens of thousands of dollars could potentially be saved in hidden fees and costs.