FeeOnly Financial Advisor Comparison Chart

Critical differences between an independent, fee-only advisor like the Goff Financial Group and fee-based and commission-based advisors

Independent, Fee-Only Advisor          (Goff Financial Group)

Fee-Based & Commission-Based Advisors

Type of Advisor

Investment Advisor Only

Investment Advisor, Broker and/or Insurance Agent

Type of Advisor Relationship

Client          Relationship

Customer Relationship

Only paid by the client for services provided?

Yes

No

Fiduciary duty to put your interests first for all your accounts, not just retirement accounts?

Yes

No

Fiduciary duty to put your interest first based on the fiduciary standard as defined under the Investment Advisers Act of 1940, as amended?

Yes

No

Independent from third parties (e.g. banks, brokerage firms, mutual fund companies and insurance companies)?

Yes

No

To eliminate potential conflicts of interest, works independently from your tax and legal advisors (e.g. CPA, estate attorney)?

Yes

?

Coordinates services as needed with your tax and legal advisors (e.g. CPA, estate attorney)?

Yes

?

Over 20 years of experience managing investment portfolios for long-term investors?

Yes

?

May receive fees from financial products held in your accounts such as mutual funds and annuities?

No

Yes

May receive commissions on transactions in your accounts?

No

Yes

May also be a broker?

No

Yes

May also be an insurance agent?

No

Yes

Sales quotas to push in-house financial products?

No

?