Fee-only is a subtle but very important designation of how a financial advisor is compensated. A fee-only fiduciary financial advisor is legally bound to act at all times for the sole benefit and interest of our clients. This is the highest standard of loyalty, trust and care under the law. As a fee-only firm, we receive payment only for our advisory services in the form of fees paid by our clients. A fee-only structure reduces potential conflicts of interest. In contrast, a fee-based financial advisor is paid by clients for advisory services and may also receive referral fees or commissions from third-parties to recommend certain financial products and securities.