Meredith Wealth Planning was founded as a fee-only firm. The goal was to remove any potential conflicts of interest between the advisor and the client. To further remove the conflicts that often exist, a flat fee structure was implemented. This removes the incentive of becoming an “asset-gatherer”.

Managing assets is a core service provided by the firm. Though, more assets under management does not always mean more time and resources.

A fee-only registered investment advisor cannot receive commissions for selling products. We have one source of revenue, the annual client fee. We are required to adhere to a fiduciary duty at all times with the client.

This helps remove the conflicts of interest when choosing the proper products to help implement a plan. The client no longer has to question whether an investment was recommended because it was in their best interests, or in the best interests of the person recommending it.

In the advisory industry many conflicts of interest continue to exist. Unfortunately, they are not readily apparent. To dig them up, one must thumb through countless pages of disclosure documents.

To understand how we are compensated at Meredith Wealth Planning, please visit the Pricing and Services page.

The industry is full of good hearted people. But, they are human and driven by incentives. As the legendary Charlie Munger once put it “Show me the incentives, and I’ll show you the outcome”.