No. of Recommendations: 4
I went to talk to one. Good side is she really knew her stuff. I always thought that this meant they’d charge you a fee whenever you met them and otherwise you invested your own money outside of their company.

But it seems to mean you pay an upfront fee then invest in their fund company and get a 1% annual fee on top.

Well, there are different types of fee-only advisors. "Fee-only" just means that they don't charge commissions on the products that they are selling. The one you are describing apparently charges an upfront fee for a plan, and then charges a percent of AUM (Assets Under Management). What you are looking for is one that charges an hourly fee, or a flat fee, rather than a fee based on AUM. See this article for some additional detail:

Does anyone actually have a fee only advisor where it’s just a fee to chat, like a lawyer, but no percentage of assets type fees? It’s possible I’ve been imagining something that doesn’t exist. Or have I just not really found one. Curious if anyone has one that’s truly fee only.

Have you tried I know that's been recommended to you before. If you click on the link to 'find an advisor' you can put in filters to look for advisors who charge an hourly fee, or a flat fee.

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