What is a Fee Only Advisor?

When starting Vonera Wealth, I had certain values that I wanted to make sure I adhered to. The biggest one was being a fee-only advisor. It’s a straightforward word, but it can lead to some confusion.

The basic premise is that the client pays the advisor a fee. I want my pay to be transparent to the client and I don’t want an incentive to recommend one product or style over another. I want to be able to sit with the client and truly partner with them on their decisions.