Why "Fee-Only"?

The fee-only approach to compensation is changing the way financial advisory services are offered. Under the fee-only approach, an advisor is paid directly by his or her client. The fee paid to the advisor may be based on an hourly rate, a flat fee, or a percentage of assets being managed by the advisor for the client. Basing compensation on fees promotes objectivity in the client-advisor relationship. Because the advisor is paid by the client, and not by a third party vendor, he or she can remain objective in selecting investments and other financial solutions. The fee-only system aligns the interests of the advisor with those of the client, and forms a central component of MFN's business philosophy. .