- Why A Fee-Only Structure Is Important
Since we are Fee-Only, we minimize any potential conflicts of interest by only receiving payments from our clients; never commissions or money from outside sources.
We Work on a Fee-Only Basis
To minimize conflicts of interest, we are paid only by our clients. This is what's referred to as "fee-only." We never accept commissions. Hence, our advice is not influenced by the purchase or sale of a financial product. Unfortunately, the vast majority of financial advisors in the United States are sellers of financial products. Some or all of their income may be dependent upon their ability to steer their clients to a limited number of the many financial products available today. These advisors include stockbrokers, insurance agents, accountants, and attorneys, as wells as financial planners. Our Fee-Only structure greatly minimizes conflicts of interest.
Our Fiduciary Responsibility
We act as a fiduciary for our clients. That means that we will exercise our best efforts to act in good faith and in the best interests of our clients. We will provide written disclosure of any conflicts of interest, which may compromise our impartiality or independence. We do not receive commissions. Furthermore, HG Wealth Management does not receive any fees or other compensation from another party based on the referral of a client or the client's business.