Compass Wealth Planning is a Fee-Only firm. We are paid directly by our clients for our services, much like a doctor, attorney, or accountant. This is our only source of income. We receive no compensation, commissions, fee splits, or any other financial incentives from brokerages, banks, insurance companies or financial service providers. Our advice is free from the influence that such outside compensation may induce.
In an effort to serve our clients’ needs we offer three different models to work with us, with each model matched to the level of service you require.
- Hourly rate: Clients seeking a one-time consultation or other service, such as developing a financial strategy, can pay us for just as much assistance as they require.
- Asset-based fee: Full-service clients, who receive financial planning services and investment management pay a fixed percentage of their assets under management with us each quarter.
- Financial Planning Fee: The retainer arrangement is popular with clients who value ongoing oversight and guidance. Clients who have "held-away" assets, such as those in 401(k) plans tend to take advantage of this planning service.