CommonCents Financial Planning is a fee-for-advice firm, and we believe that value for money lies in a clear and transparent framework rather than a commission style arrangement.
The fact is that no one works for free! If you aren’t being charged a fee by your financial planner then they are being compensated by other means, most likely a commission from the investment firm that they have placed your money with.
This begs the question: How is your financial planner working for YOU if they are being paid by someone else?
You may end up with investment products that do not suit your long-term goals and objectives. You may end up with investment products when the best advice for YOU could be to pay down debt.
At CommonCents Financial Planning we feel that your financial plan must be suited to your needs and goals, not the planners.
Then, if and when achieving your goals requires buying a product, you can feel better assured that the recommendation is tailored to the successful implementation of the plan rather than simply a need for the planner to be compensated.
Remember that at CommonCents Financial Planning, regardless of which services you request, any proposed fees will always remain proposed until you are happy to proceed.