Fee Only Retirement Advisor
Aging is something that happens to everyone, and at some point, we all have to start planning for the inevitable. In our old age, none of us know whether or not the social programs that exist today will still be viable. Few of us know that we will have enough money saved to get us through our golden years, and nobody can tell is their loved ones will be around to care for them. As you plan for retirement, consider a fee-only retirement advisor.
Why Choose a Fee-Only Retirement Advisor?
As you plan for your retirement, you likely already know that working with the right financial advisor is key. If you are interested in a fee-only retirement advisor, you will be working with a retirement planning expert who gets compensated based solely on the services they provide. This is a big difference from financial advisors who sell products and services to clients and earns their income via commissions. More often than not, in cases like these, financial planners are more interested in getting you to buy their products and services than they are in your well-being.
Indeed, not having to worry about the conflict of interest that plagues so many financial advisors is only one of the benefits of working with a fee-only retirement planner in Toronto. With Buxton Financial, you will have a fee-only retirement planner who does not earn a living off of commissions or referral fees, so there's no conflict of interest.
Benefits of Hiring Fee-Only Retirement Planner
A fiduciary not only legally and ethically has to act in the best interest of his or her clients, but we also have a financial incentive to do so. Since the ongoing representation of clients is performance-based, our clients often employ us on a need-to-know basis. For example, when they need advice about an investment or retirement planning strategy or even when they want to know about financial products or services they are interested in, they'll contact us. In this sense, our clients' success is our success.
At Buxton Financial, many of our clients appreciate having a partner they can trust for sound legal advice and second opinions regarding their financial situations. Just like going to a doctor; a second and even third opinion can be very beneficial before making a commitment to treatment. This is exactly the case with financial planners. Not only do you have to worry about certain retirement planners' opinions being skewed due to conflict of interest, but different financial advisors have different backgrounds and expertise and may not be as qualified as others to provide advice in certain areas.
Which Services Does a Fee-Only Retirement Advisor Provide?
At Buxton Financial, we offer all the same services as a commission-based financial advisor, but we get paid on a fee-only basis. This provides honest and transparent pricing. We offer retirement planning advice, answering retirement planning questions, portfolio review, and full-fledged retirement planning.
