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How We Are Different

Fee-only, fiduciary financial advisors can help you build your wealth at any stage, for any goal – and you’ll always know they are acting in your best interest.

The financial advisor model has changed over the last several decades. From the investor perspective, these changes provide more options, more transparency, and more of the kind of services that used to be accessible only by those with a great deal of wealth.

The fee-only fiduciary advisor gets paid to provide advice to their clients, whether in financial planning, asset management, or both. The fiduciary standard is a key piece of this. To act to the fiduciary standard, an advisor must always put a client’s interest above their own. Fee-only advisors get paid exclusively by their clients and don’t receive commissions or kickbacks from recommending certain products or services.

Trust is at the heart of all financial advisory relationships. As an investor, you want to find an advisor that you can trust and a transparent fee structure is a critical part of that.

Advice is The Core

While investment management has been the industry's focus for years, true holistic financial planning was often only available to investors with great wealth. Today, the fee-only model is bringing more advice back into the mix. More advisors are tailoring their service offerings and client relationship models to focus on a more holistic, accessible form of advice rather than strictly investment management.

Financial advice is more than asset selection and portfolio management. Holistic financial advice is designed to help investors increase their financial wellness across their entire financial journey. Advice is tailored to help you increase wealth where you are and build wealth as you move towards your goals and into the future. An advisor now may act as a family CFO, helping you understand the decisions you need to make every day. Advice is tailored to what you need in the life stage where you are, and extends well beyond the basic investment portfolio asset allocation discussion that is at the core of most advisors’ business models.

And It’s in Your Best Interest

One of the biggest benefits of working with a fee-only fiduciary is the lack of conflicts of interest. The definition of fiduciary is “a person who holds a legal or ethical relationship of trust with one or more other parties.” While it may be surprising, the majority of financial advisors are not fiduciaries, and many others are fiduciaries only at certain times and when doing certain types of business with their clients.

When advisors earn their income from recommending certain products over others, there’s an inherent conflict of interest. The concern is that it's tough to know as an investor if the product is truly in your best interest or if it generates the most commission for the advisor. Fee-only helps remove this conflict of interest.

Basepoint Wealth was founded as a fee-only fiduciary firm because of a core belief that a clients best interests should always be at the forefront.

Accessible, Affordable Options

Before the fee-only model, advisors were limited in the services they could provide. Now, they have much more flexibility. No matter your stage of life, chances are, there’s an advisor out there whose pricing and service model fits your needs.

So, what does fee-only look like in practice?

In recent years, one of the most popular pricing models is the annual fee, usually assessed quarterly. Investors have an on-going, comprehensive relationship with an advisor. This allows an advisor to provide financial planning without a client needing to have investable assets – for instance, the bulk of their assets may be in their 401(k), but they still need advice across a broad range of other areas.

For investors who prefer one-time advice or DIY their finances, project-based or hourly pricing models allow an investor to get personalized advice in a few pressing areas of their life for a flat, transparent fee. There are also fee-only models based on assets under management that remains the most common form of engaging with a fiduciary advisor. The advisor charges a percentage of the assets they manage and provides the full range of holistic financial planning services into the package.

The Takeaway

It's easier to invest now than ever, but creating a successful financial plan remains complex and should be rooted in your situation, goals, and risk tolerance. Fee-only, fiduciary financial advisors can help you build your wealth at any stage, for any goal – and you’ll always know they are acting in your best interest. At Basepoint Wealth, we feel this should be the standard for all advisors.

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The information contained herein is intended to be used for educational purposes only and is not exhaustive. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but are intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax or financial advice. Please consult a legal, tax or financial professional for information specific to your individual situation.

This content not reviewed by FINRA

Basepoint Wealth, LLC is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.



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