The article delves into the significance of fee-only fiduciary financial advisors, contrasting them with commission-based and fee-based advisors. Fee-only advisors, like those at Ferguson Johnson Wealth Management, solely receive compensation from clients, eliminating conflicts of interest associated with commission-based models.
The benefits of fee-only advisors include reduced conflicts of interest, fiduciary commitment to act in the client’s best interest, and providing objective advice. As fiduciaries, fee-only advisors prioritize transparency, loyalty, and tailored financial planning to help clients achieve their financial goals. Their fee-only model ensures alignment with client interests and underscores their commitment to providing comprehensive financial advice.