What is Fee Only?
Johnson Lyman Wealth Advisors is a member firm in the National Association of Personal Financial Advisors (NAPFA), whose charter is to provide consumers and institutions with comprehensive and objective financial advice on a fiduciary basis. When we provide advice to our clients, we always keep their best interests a top priority. Our compensation model is "Fee-Only," which means that we never accept any compensation contingent on the purchase or sale of a financial product.
NAPFA's member fiduciary oath embodies this approach and is as follows:
The NAPFA Member shall exercise his/her best efforts to act in good faith and in the best interests of the client. The advisor shall provide written disclosure to the client prior to the engagement of the advisor, and thereafter throughout the term of the engagement, of any conflicts of interest which will or reasonably may compromise the impartiality or independence of the advisor.
The NAPFA Member, or any party in which the advisor has a financial interest, does not receive any compensation or other remuneration that is contingent on any client's purchase or sale of a financial product. The advisor does not receive a fee or other compensation from another party based on the referral of a client or the client's business.
All of our financial planning professionals are members of the Financial Planning Association® (FPA®) whose primary aim is to foster the value of financial planning and advance the financial planning profession.
