What Is "Fee-Only?"

There are many ways to pay for financial advice. You should know how much you are paying, what you are paying for, and who is paying your financial advisor. Timberchase Financial believes that an advisor will be loyal to its source of compensation. Therefore, we have chosen to be fee-only, the compensation structure that is most aligned with your needs. Here are definitions of common compensation structures:

• We ARE Fee-Only - Compensated solely by the client with neither the advisor nor any related party receiving compensation that is contingent on the purchase or sale of a financial product. This includes commissions, rebates, awards, finder's fees, bonuses or other forms of compensation from others as a result of a client's implementation of the individual's planning recommendations. "Fee-offset" arrangements, 12b-1 fees, insurance rebates or renewals and wrap fee arrangements that are transaction based are examples of compensation arrangements that do not meet the definition of a Fee-Only practice.
   
  
• We ARE NOT Fee-based - A fee based compensation arrangement may include paying an hourly rate, flat fee or percentage of assets under management for services. However, a fee based advisor may derive compensation from other sources including commissions, rebates, awards, renewals or other arrangements.