Advantages of a Fee Based Business
As an independent fee-only financial planner, your single focus is serving your clients' needs. The fee-based model eliminates the conflicts of interest created by transaction-based commissions and "preferred product" lists and sales quotas. Your well-being is directly tied to that of your client. Clients come to view that you are sitting on their side of the table. This simple fact lays the foundation for stronger, more trusting client relationships. In addition, satisfied long-term clients are enthusiastic about referring their advisors to family, friends and colleagues. As a result, fee-only planners and advisors focus less and less time on acquiring new clients and more time on what really matters—working with clients to achieve mutual objectives.
As an independent professional, you get to decide what will best serve your clients.
There's more than one way to realize the benefits of independence.
- If you have a strong entrepreneurial spirit and desire for control, you might want to consider starting your own RIA firm. This approach can prove satisfying for those who are willing—and able—to invest the time, money and effort needed to build a new firm.
- The alternative is to join an established RIA firm like Hutchinson Financial. When you join Hutchinson Financial, you receive the benefits of an RIA firm without the responsibilities of starting and running a firm. We have everything you need to run a successful business—e.g., comfortable office space, proven technology, legal/compliance infrastructure, marketing resources and access to a full line of products and planning tools. In addition, you have the support of the entire Hutchinson Financial team. From day one, you can focus on transitioning your clients and building your business.
