Fee-Only Financial Planning

The idea of fee-only Financial Planning was pioneered by Gary Schatsky when he started Independent Financial Counselors in Albany in 1981. A lawyer and Certified Financial Planner, Mr. Schatsky prides himself on providing his clients with advice that is never colored by his own interests.

As a past-president of the National Association of Fee only financial planner, an organization limited to fee-only Financial planners, and as a high profile New York City based fee-only Financial Planner with a national clientèle Mr. Schatsky is regularly interviewed by the Wall Street Journal, New York Times, and CNN.

NAPFA believes that many of the problems that beset Americans today in their financial affairs – including the mis-management of debt, failure to protect retirement assets and poor allocation of savings and investments – relate directly to the conflicts of interest that pervade the marketplace.

The central aspect of fee-only Financial Planning is that the planner has no financial interest in any products that the client purchases. No commissions are paid to the fee-only Financial Planner, so there is no conflict of interest and no worries about whether he is recommending one product over another because of his own commissions.

The only way to figure out whether a fee-only Financial Planner is right for you, is to actually talk to one. Mr. Schatsky will not take on a client unless he is convinced that his services will provide value to his client. It is not based strictly on income or asset level, though the higher those are the more need there often is for more complex financial advice. Rather it is possible that someone with a lower income or asset level can benefit from fee-only Financial Planning advice if there is a level of complexity to their financial life and the income or asset level makes the client less attractive to commission based advisors.

“Financial planners who take commissions have a built-in conflict of interest…even with disclosure, my choice would be a Fee-Only planner.”
Newsweek - Jane Bryant Quinn

If you would like to have a no obligation consultation regarding your financial situation to discover whether you can benefit from the fee-only Financial Planning advice of Gary Schatsky and Objective Advice, please fill in the form below and he will call you as soon as he is able.

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