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Fees
Why Do Fees Matter?
Fees can make a significant difference when it comes to achieving your financial goals. This page will help you be fully informed on how fees differ, so you can decide for yourself on what’s best for you.
Most financial planners charge percentage-based fees and/or earn commissions on products they sell. Many people who do not meet minimum asset requirements will be turned away from receiving financial advice. Others who do have enough money may be charged higher fees because they have greater assets.
Stewardship Financial Planning is different. We have designed our fee structures to put our clients’ needs first. We charge only fair, flat fees and offer truly unbiased financial advice.
Fees are the same for everyone.
You will be charged by the hour, or a fixed dollar amount – never as a percentage of your assets. Whether you have $10,000 or $10,000,000, the fee you pay is based on the services you need, not how much money you have.
Clients’ needs always come first.
100% of our revenue comes from our clients. We do not earn commissions, accept referral fees, or receive money from any other sources. We are genuinely free to achieve our client’s goals in the best way possible. We always act as a fiduciary.
Financial advice is available to everyone.
We have no minimum asset requirements. Wherever you are on your financial journey, you will receive the help you need.
Other Fee Types
In contrast to Stewardship’s flat-fee structure, other financial planners typically use one of the following:
No Fees
Planners who do not charge fees are typically paid by companies whose products they sell or recommend, rather than by the client. The products are often structured so that you don’t see the fees being deducted.
Commission Only
These planners are paid only in commissions earned on products they sell. When working with commission-based planners, you may want to ensure your goals are aligned.
Fee-Only
This means the planner does not receive sales commissions. Fee-only planners often have minimum asset requirements and annually charge a percentage of your assets (ranging from .25% to 3%) – which means the more money you have, the more fees you will pay.
See an example of Fee-Only vs. Flat Fee
For a customized comparison scenario, contact us!
Fee-Based
These planners typically charge a percentage of your assets as fees. They may also receive commissions on product sales, which are deducted from your percentage-based fee.