As a Fee-Only, Registered Investment Advisor AFS charges clients a flat annual fee for its services.
No commissions. No product sales.
This means AFS does not sell any products, and never pays or receives compensation for transactions or referrals.
The National Association of Personal Financial Advisors (NAPFA) states: The fiduciary responsibility is at the core of our philosophy because it keeps clients the top priority. Every life decision is made in your best interest to help you and your family move one step closer towards your goals. The Fee-Only method of compensation is the most transparent and objective method available.
A financial advisor held to a Fiduciary Standard occupies a position of special trust and confidence when working with a client. As a Fiduciary, the financial advisor is required to act with undivided loyalty to the client. This includes disclosure of how the financial advisor is to be compensated and any corresponding conflicts of interest.