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Subject:  Re: Fee only fiduciary advisor ? Date:  7/21/2019  3:01 PM
Author:  aj485 Number:  94583 of 98536

Unfortunately, in my area, she was the only one I found that did 'fee only'.

All the others pretty much wanted to manage your money and charge you a percentage to do so.

Actually, if you found them through those advisors are 'fee only' too.

'Fee only' just means that they do not collect commissions on the products that they have you purchase. Charging only a fee (no commissions) based on Assets Under Management (AUM) is also a form of 'fee only' advising. To be a member of, you are required to be a 'fee only' advisor.

The advisor you were able to find is apparently a 'fee only' advisor who charges either on an hourly basis or an annual basis, rather than charging based on AUM.

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