Why Fee-Only is Important
Fee-Only financial planner, this term is often misinterpreted in our society. It's easy to do this because there are a wide variety of people who represent themselves as financial planners. Let's start by clarifying the term fee-only.
Fee-Only financial planners are paid directly by their clients. This unique independent status allows them to remain impartial in their advice. At Cambridge Capital Management, LLC, we are Fee-Only. We receive no benefit from brokerage firms, commissions, finder's fees, or products of any kind. Thus, we are free to focus strictly on developing and implementing disciplined investment and financial planning strategies for you.
So how is our firm different from other financial firms? Other firms may have the ability to charge their clients a fee while acting as their adviser and also receiving commissions on the products they sell to their clients. In our opinion this creates a conflict of interest between the adviser and the client, because the adviser has an incentive to sell products in the best interest of their firm, not their client.