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Frequently Asked Questions
About Fee-Only Financial Planning
 
What is "Fee-Only" financial planning, and why should that be important to me? Because we are  Fee-Only financial planners, all conflicts of interest regarding compensation are removed.  We do not accept sales commissions; we work solely for our clients.  Because we do not sell financial products, such as investments and insurance, there are no third-party relationships or outside influences to bias our  recommendations.  For more information on Fee-Only financial planning, including our Code of Ethics, Fiduciary Code and member requirements, please visit www.NAPFA.org.
 
In addition, Five Seasons Financial Planning is a Registered Investment Advisor (RIA); as such, we must comply with a host of regulations designed to protect the consumer.  One important question you should  always ask when considering a financial planner’s services: "May I please have a copy of your Form ADV Part II?"  This document contains important information about the planner’s qualifications, fiduciary duties, history of any past violations, etc.  We would be happy to send you a copy of our Form ADV Part II.  Please click on the "Contact Us" button in the menu on the upper left-hand corner of this site to request your copy.
 
I understand the benefits of working with a Fee-Only financial planner, but I might need to obtain financial products. How will I be able to do that?  While we do not sell financial products, we will offer specific recommendations and opinions regarding the purchase of the various financial products that may be appropriate for you. So, if you need to obtain an insurance policy or a new mortgage, invest in a portfolio of mutual funds, or find an estate planning attorney or tax professional, we can direct you to the resources you need and/or help you obtain these products and services. If appropriate, we can also help you implement your plan and set up your accounts.
 
If I use Five Seasons Financial Planning to develop a financial plan, am I obligated to purchase the recommended products?  Absolutely not.  We will offer recommendations, which in our professional opinion will meet your needs and objectives, but you are under no obligation to purchase them.  In today’s competitive market, it makes sense to shop around for the best available product or service. For instance, if you need to obtain a life insurance or disability policy, we will suggest the kind of policy, which riders and what amounts may be best for you.  We will then direct you to a choice of companies that can provide a quality product at competitive prices for you.  If you wish, we can help you purchase investments and/or set up your accounts with a third-party custodian such as a discount broker.
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