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Why Choose A CFP® Professional?

Fee-Only Financial Planning • Wealth Management • Personalized Guidance

Why Choose A Cfp® Professional?

Fee-Only Financial Planning • Wealth Management • Personalized Guidance

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When it comes to securing your financial future, hiring a Certified Financial Planner (CFP®) can provide you with the expertise and guidance you need.

 

A CFP® is committed to acting in your best interest, offering personalized strategies that align with your unique goals and navigating life’s financial transitions with confidence. As part of their certification, CFP® professionals are committed to high ethical standards.

 

What’s more, a CFP® professional must acquire several years of experience related to delivering financial planning services to clients and pass the comprehensive CFP® Certification Exam before they can call themselves a CFP® professional. Discover how working with a CFP® professional can make a difference in your financial journey.

True Financial LLC
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Why Choose a Fee-Only Fiduciary Advisor?

Opting for a fee-only fiduciary advisor ensures unbiased, transparent advice focused solely on your best interests. This approach fosters trust and accountability, empowering you to achieve your financial goals with confidence.

 

In contrast, fee-based or commission-only advisors may create potential conflicts of interest and lack transparency, which can compromise your financial well-being.

vs

Fee-Only
Fiduciary Advisor

Fee-Based/Commission
Only Advisor

Compensation Structure

Fee-Only Fiduciary Advisor

Fees are derived solely from clients, with all terms clearly defined and agreed upon in advance.

Fee-Based/Commission-Only Advisor

Compensation is derived from both client fees and commissions or revenue sharing from products sold, allowing the advisor to be compensated from multiple sources.

Conflict of Interest

Fee-Only Fiduciary Advisor

No conflicts; must act in the client’s best interest.

Fee-Based/Commission-Only Advisor

Inherent conflicts of interest may arise from commission incentives that encourage the recommendation of higher-cost products.

Transparency

Fee-Only Fiduciary Advisor

Transparent pricing ensures clients understand exactly what they are paying for.

Fee-Based/Commission-Only Advisor

Fees can be less transparent or unknown, leading to confusion.

Focus on Client Needs

Fee-Only Fiduciary Advisor

Recommendations are personalized and focused on the client’s best interests.

Fee-Based/Commission-Only Advisor

Advice may be influenced by inherent conflicts of interest, resulting in recommendations that prioritize the advisor's higher compensation.

Trust and Accountability

Fee-Only Fiduciary Advisor

High accountability, legally bound to prioritize the client’s interests.

Fee-Based/Commission-Only Advisor

Limited accountability; the suitability standard only requires recommendations to meet legal minimums, rather than prioritizing the client's best interests.

Relationship

Fee-Only Fiduciary Advisor

Long-term partnership aimed at achieving your financial goals.

Fee-Based/Commission-Only Advisor

Transactional relationship, influenced by product sales.

Reach out to us.

Ready to take the first step? Reach out today for a complimentary introductory phone call. We look forward to understanding your needs and discussing how we can empower you to achieve your ideal financial future. Let’s embark on this journey together!

Send us a message

Contact Information

Phone: 985-208-3900

Locations: Houma, Metairie and Baton Rouge

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