Financial planners and wealth advisers have been engaged in a heated debate for more than a decade about something that would seem to be straightforward: the definition of the term "fee-only."
It's a debate in which even the two main organizations for independent wealth advisers and planners — the Certified Financial Planners Board and the National Association of Personal Financial Advisors — don't agree on the definition. The two entities disagree whether firms should call themselves "fee only"…
Financial planners and wealth advisers have been engaged in a heated debate for more than a decade about something that would seem to be straightforward: the definition of the term "fee-only."
It's a debate in which even the two main organizations for independent wealth advisers and planners — the Certified Financial Planners Board and the National Association of Personal Financial Advisors — don't agree on the definition. The two entities disagree whether firms should call themselves "fee only"…