2020 Best Fee Only Fiduciary Financial Planner

2020 Best Fee Only Fiduciary Financial Planner

Financial advisors come in several varieties.

All good advisors should the spend time to answer your questions, find out how much risk you’re comfortable with, keep up with changes in your financial life, etc.

But some get paid commissions to sell you various investments.


If you’re a novice, that’s probably not the right person for you.


Ask how they get paid.


Good financial advisors are a lot like good teachers and coaches: They listen well and give you straight answers.


Unfortunately, there’s no directory that ranks financial advisors.


And even if there were, it might not mean a whole lot: Often, what makes the relationship work is chemistry.


So ask around, interview as many as it takes. (You may prefer the convenience of doing this over the phone or the Internet).


Whichever you chose, ask as many questions as you like about investing.


You’ll learn three things:

1) the answers to your questions

2) whether the person seems to know what they’re talking about

3) whether they have the patience to take on a novice investor.


Fee Only Fiduciary Financial Planning


One quick check is to determine whether your investment advisor is a fiduciary or not. Someone bound to a fiduciary duty is required to put their client’s best interest ahead of their own desire to make a profit. For example, a fiduciary wouldn’t sell a high-fee, high-commission mutual fund to a client when a lower-commission version of the same fund is available.

In fact, most fiduciaries don’t earn commissions at all and choose to work on a fee-only basis. Fiduciaries are also required to disclose any potential conflicts of interest to their clients.

Registered investment advisors (RIAs) and their representatives are bound to a fiduciary standard as part of the Investment Advisors Act of 1940. And, certain designations, such as Certified Financial Planner (CFP), require their users to be fiduciaries.

On the other hand, brokers and certain other professionals who often use the title “advisor” are not fiduciaries and are merely bound to the much-looser suitability standard. This simply means that the products they recommend need to be fee only a propriate for the client — not necessarily the lowest-cost and best-fitting options.

So a good place to start is to ask your advisor if they are a fiduciary. If so, you can be reasonably confident that they are making recommendations in your best interests, not to boost their own income.


Financial planning for Retirement


The purpose of a financial plan is to help you to better understand where you are now and help you to reach your goals in the future. Your plan includes observations, analysis and recommendations to better balance current needs with future goals.

If you look at people who are financially successful most of them have been making very smart financial decisions all their life.


The sooner you start making smart decisions, the sooner you know where you want to go, and if you have a plan to get there, the more likely you are to attain it. Time is the one thing nobody can give us.


Financial Planning Process


  1. Define a goal
  2. Set up a Budget
  3. Cutting expenses
  4. Create an emergency fund
  5. Getting out of debt
  6. Saving for Retirement
  7. Saving for other goals
  8. Having adequate insurance
  9. Setting Up a Will


Mintco Financial Fee Only Financial Advisor and Virtual Advisor


4 Steps to Financial Peace of Mind


We invite you to review our website to better understand what we do and how we do it.


Call the office location most convenient for you and have a short, exploratory phone conversation with one of our team members to determine if our working together will be a good fit.


Schedule a free, introductory “Get Acquainted” meeting to determine how our team can best help you and discuss the associated cost.  We can Skype!


Provide some information ahead of time to make our first official meeting efficient. Participate in the Get Acquainted meeting then decide if we are a good fit, then engage our services.


Call us at 813-964-7100 or 716-565-1300


Email us at info@mintcofinancial.com




We Skype!!!