SEEDS OF KNOWLEDGE

What is a flat fee Fiduciary Financial Planner? If you're encountering the term "flat fee Fiduciary Financial Planner" and are curious about its meaning, let me explain. A Fiduciary Financial Planner is distinct from a typical Financial "Advisor." This type of planner is a professional who embodies expertise and adheres to ethical standards in financial planning. A flat fee Fiduciary Planner charges a set fee for their services instead of a percentage of your assets.

What to Ask Before You Hire: 1) Are you fee-only and a fiduciary at all times? Please confirm in writing. 2) How are you compensated? Flat fee, subscription, or AUM, and what’s included? 3) What conflicts exist, and how are they managed and disclosed? 4) Will I receive a written financial plan and IPS? 5) How do you coordinate with my CPA and estate attorney? 6) What is the review cadence, and how do we measure progress?