Welcome to NOVA Fee-Only!
Connecting you to a fee-only, credentialed financial planning professional dedicated to putting your interests first.
Why a Fee-Only Financial Advisor?
The right financial advsor who understands your unique needs is a powerful ally on your journey to start living your best life today. Not all financial advisors are the same. The right financial advisor can help you build a life you are excited about today while building security for tomorrow. We know choosing a financial advisor can feel overwhelming. That’s why we created NOVA Fee-Only. Read on to learn what to look for in a fiduciary financial advisor.
Fee-Only Advisors on Your Side
Always a Fiduciary
What is a fiduciary?
A fiduciary financial advisor is legally obligated to put the interests of the clients first at all times. Fiduciary financial planners owe a duty of loyalty and care to their clients. Some financial professionals are not always acting as a fiduciary. They may be operating under a suitability standard and not legally obligated to put the clients interests first. In some cases, an advisor may go back and forth between acting as a fiduciary and meeting a suitability standard. This can make it hard to know if and when such an advisor is acting in your best interest.
All of the financial professionals in our network are always a fiduciary all the time.
Holistic Financial Planning
What is holistic financial planning?
We believe that planning should focus on your entire financial plan. Whether you are focused on building your savings, growing your wealth or using your money to enjoy retirement, comprehensive financial advisors focus on building and executing a holistic plan focused on your needs, your goals, your life, and your future.
Experts in Our Field
Who are the experts?
Financial advisors in our network are committed to adhering to the highest standards in education and life long learning. Network members must meet or be actively pursuing rigid credentialing requirements. They must meet rigorous ongoing continuing education retirements in the industry.
Be a CERTIFIED FINANCIAL PLANNER®, or have passed the exam and currently be accumulating experience hours
Be a Personal Financial Specialist (PFS™) through the American Institute of Certified Public Accountants
We believe that the Fee-Only method of compensation is the most transparent and objective method available.
3 Ways Financial Professionals Are Compensated
Commission
Commission-based financial advisors are compensated based on the sales they make. Examples include the sale of life insurance , annuities, and some mutual funds. They are held to a suitability standard.
Fee-Based
Fee-based advisors are in between, sometimes being paid commissions, sometimes being paid fees by clients. They often charge for managing assets and receive additional commission compensation. They may move between acting in a fiduciary capacity and meeting a suitability standard.
Fee-Only
Fee-Only financial planners never earn commissions. Period. They are paid only by their clients. Fee-Only planners follow strict fiduciary standards and are legally obligated to put clients interests first. Always.