Fee-Only vs. Fee-Based Financial Advisor

What Does a Financial Advisor Cost?

You realize that you may need a financial advisor. You’d like to invest some money from your new business, but aren’t sure how to start. You’d love to find a financial advisor in your community to help you plan for retirement, but you keep putting it off. You need an investment plan for your family and want some guidance. You may switch jobs, and are concerned about how to rollover your 401k plan. You’ve heard that a financial advisor can make a huge difference, but aren’t sure it’s worth it.

And then you keep coming back to the main question: how much will a financial advisor cost?

So, you Google it.

And then you get hit with all sorts of conflicting terms coming at you, like “fee-only financial advisor," “low-fee financial advisor” and “fee-based financial advisor.” It can make your head spin.

We can explain, simply and quickly.

Fee-Only Financial Advisor

One Day In July is a fee-only financial advisor. As registered financial advisors, we do not sell products for which we are paid commission. Our low fees are transparent and simple. We are independent financial advisors, meaning that we do not work for a large financial firm. We are fiduciaries and as fiduciaries, we operate in your best interest, at all times.

In contrast, fee-based financial advisors may charge both fees and commissions. We do not believe this to be in your best interest.

If you are paying 1% or more – and many people are – we believe you are paying too much.

Transparent Financial Advisor Fees

At One Day In July, we believe in transparency regarding fees. When working with a One Day In July financial advisor, you will know the fees before you sign on as a client. There are no secrets, no surprises. You can see our fees right here.

You may be paying too much in fees for your financial advisor. Over time, this can be a huge loss to your net worth.

Our clients appreciate that we are direct and honest. Check out our growth rate here. Wouldn’t you rather know now?


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DIFFERENTIATORS
GETTING STARTED
MATERIALS
How Are We Different
Understanding Your Financial Statement
Articles on Investing
Investing with Low Cost Index Funds
Pay Yourself First
About the SECURE Act
Why Use a Fiduciary Financial Advisor?
Financial Planning
Quarterly Booklets
Simple, Low Investment Fees
Investor Resources
Investment Tools
Financial Firm Comparison
The Investment Process
One Day In July in the Media
Local Financial Advisor
How to Switch Financial Advisors
Frequently Asked Questions
Types of Investors
SERVICES
Types of Accounts We Manage
Options for Self-Employed Retirement Plans
Saving Strategies
What to do When Receiving a Pension
Investment Tax Strategy: Tax Loss Harvesting
Vermont Investment Management
How to Invest an Inheritance
Investment Tax Strategy: Tax Lot Optimization
Vermont Retirement Planning
How to Make the Best 401k Selections
Investing for Retirement: 401k and More
Vermont Wealth Management
How to Rollover a 401k to an IRA
Environmental Investing: How it Differs from ESG
Vermont Financial Advisors
How to Invest for College Savings
INVESTING THOUGHTS
Should I Try to Time the Stock Market?
Mutual Funds vs. ETFs
Inflation
The Cycle of Investor Emotion
Countering Arguments Against Index Funds
Annuities - Why We Don't Sell Them
Aim for Average
How Finacial Firms Bill
Low Investment Fees
Understanding Fixed Income: Interest Rate Risk
Investing in a Bear Market
Investing in Gold
Is Your Investment Advisor Worth One Percent?
Active vs. Passive Investment Management
Investment Risk vs. Investment Return
Who Supports Index Funds?
Articles by Dan Cunningham
Does Stock Picking Work?
The Growth and Importance of Female Investors
Behavioral Economics

Shelburne, VT Financial Advisor

Frank Koster | Josh Kruk

145 Pine Haven Shores Road, Suite 2212

Shelburne, VT 05482

(802) 777-9768

Stowe, VT Finanical Advisor

Available for meetings in Stowe.

Peter Egolf

(802) 999-2321

Burlington, VT Financial Advisor

Hans Smith | Katie Bensel

Nancy Westbrook | Peter Egolf

Adam Roof

77 College Street #3A

Burlington, VT 05401

(802) 503-8280

Essex, CT Office

Keith McCarthy

5 Essex Square, Suite 3A

Essex, CT 06426

(860) 581-7011

Rochester, VT Financial Advisor

Available for meetings in Rochester, VT and surrounding area.

Carrie McDonnell

(802) 767-7665


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