Broker Check

Fee Only Fiduciary

Financial Compass is compensated solely from fees paid by our clients and do not accept commissions or compensation from other sources.Because we are paid directly by you, our clients, we work for you and only you. We strive to earn your trust by demonstrating that your interests are our interests.

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We earn two types of fees:

  1. Hourly, As-Needed

  2. Investment Management

Each type of fee is dependent upon your needs and how you would like us to work together.

We believe so strongly that the financial planning process with independent financial advice is the key ingredient towards a successful financial journey - growing, managing and distributing your wealth. For that reason, we will not establish a comprehensive plan and use it as a loss-leader to sell you more expensive investments/tools.

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Fiduciary

Financial Compass adheres to the higher fiduciary standard in which registered investment advisors must avoid all conflicts of interest, operate with full transparency, and continually monitor a client’s investments and their changing financial situation in order to always act in a client's best interest. The result is an unbiased, client-centered relationship. Only financial advisors who are Registered Investment Advisors are held, by law, to a fiduciary standard.

In contrast, broker-dealers, insurance salespersons and advisors operating under the “suitability standard” are only required to ensure an investment is suitable for a client at the time of the investment. Financial advisors who accept commissions are usually not fiduciaries and may be influenced to act in their own interests—not yours.

  • Always act in good faith and with candor.

  • Be proactive in disclosing any conflicts of interest that may impact a client.

  • Not accept any referral fees or compensation contingent upon the purchase or sale of a financial product.