WELLth Financial Planning is a fee-only, flat fee financial advisory firm working in person with residents of West Palm Beach, Palm Beach County, and virtually with individuals and families across the country. We guide individuals and families to their definition of financial success. Our specialties include best in class investment management strategies and comprehensive financial plans to create fully funded early retirements. We also have expert knowledge to maximize employee benefits programs and Social Security while minimizing your overall lifetime tax burden.

What is a “Fee-Only” Advisor?

– A financial advisor who refuses to sell commission-based products or accept referral fees. These advisors pick this often less lucrative business model to eliminate conflicts of interest and be true fiduciaries for their clients. Fee-only professionals represent only 2% of advisors nationwide, and are usually absent from the ranks of big brokerage houses, banks, and insurance companies. –

Why you should care about how your advisor gets paid

“Fee-only” advisors represent the gold standard for receiving conflict-free financial guidance.  It’s the equivalent of going to a doctor to get healthier (whose job is to make you healthier) versus a pharmaceutical rep (whose job is to sell you as much medication as possible). Most advisors who are not fee-only will try to always work in their client’s best interests, but frequently face the conflict where different recommendations will earn them different amounts of money.

When different types of products have different payouts and incentives to an advisor, “financial advice” can quickly transform into “financial sales.” Some well-known firms, especially insurance companies, may institute sales quotas and might cut off an advisor’s health benefits or even employment if they don’t sell enough of their proprietary products.

Fee only advisors have no quotas and just one method of compensation — fees directly paid by you. Therefore, we have no incentive to use certain products or to work with certain companies.  We are fiduciaries dedicated to your success. WELLth Financial Planning goes one step further and signs a fiduciary oath which is shared with every client.

Let’s chat!

If you’d like to explore how conflict-free financial guidance and strategy can maximize your wealth and bring you closer to your financial goals, you can schedule a free phone call by clicking here. Like our recommendations and wealth-enhancing strategies, the call will be low pressure, not “salesy,” and we’ll both make sure everything is in your best interests before moving forward.