Fee Only Advice

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Shortly after he founded FMA Advisory, Inc., Peter LaBella realized that there were too many conflicts of interest in the wealth advisory business: excessive fees, hidden incentives and kick-backs to advisors from mutual fund companies (and other entities), all of which were designed to influence the investment recommendations he made to his clients. So he opted out – in 1982 – and he’s never looked back. Peter made the deliberate decision to forgo significant revenue to be truly independent, to run a business wherein the advice he gave his clients was pure, and to elevate his practice to the highest (fiduciary) standard.

Peter believed that central Pennsylvania needed an investment firm that would treat clients the way he himself would want to be treated: honestly, transparently, and in a relationship built on trust and confidence. As an independent, fee-only, registered investment advisory (RIA), FMA Advisory, Inc. provides comprehensive wealth management that is free of conflicts. There are no commissions, financial hooks or incentives, no surrender charges or lockup periods. Clients are free to leave at any time if they are disappointed for any reason.

“FEE ONLY” vs. “FEE BASED” Advisory Services

Although the difference in terminology is slight, there is a tremendous difference between a “fee only” financial advisor like FMA and a “fee based” financial advisor. Fee based advisors begin with their asset based fees, and are allowed to add product commissions on top. If you’re working with a fee based advisor, there’s a strong likelihood they are receiving (depending on the products they recommended to you) commissions, soft dollars and/or referral fees from the mutual fund company, insurance company or brokerage firm for whom they work. Fee based advisors are not bound by fiduciary duty, and they are not required by law to make recommendations that are in your best interest.

At FMA Advisory, Inc., we are proud of our compensation structure. Educated investors are our best clients, because they appreciate the vital importance of paying ONLY our fee. They know that commissions, contingent deferred sales charges, referral fees, soft dollars and high expense ratios all detract from the investment returns they could otherwise enjoy. They recognize that such incentives could taint the advice they receive.

Clients appreciate how the transparency of a FEE ONLY arrangement is the strongest foundation upon which to build the trust which is vital to a long term relationship.

Commission-based agents and brokers often don't like to discuss the distinction made between fee-based and fixed-fee financial advisors. Some may not want clients to understand that they derive income directly from the recommendations they make directly to clients in addition to an asset-based fee. These agents and brokers came up with the term "fee-based" as they sought to blur the distinctions between the two business models and compensation arrangements. Studies have shown that even consumers seeking a strictly fee-only advisor find these terms confusing. They may realize later they have signed on with a fee-based advisor even though that is not what they desired.

What Does Fee-Only Financial Advising Mean?

We believe it's important that you understand where your money goes when you choose our fee-only financial advising serving the Cumberland and Dauphin County, PA, area. A fee-only advisor can charge a one-time or ongoing fee, depending on the types of services they provide. Those fees may be assessed in three different ways:

  • Hourly
  • Flat rate
  • Based on a percentage of assets under management

You want to have confidence your money is working for you, not for your financial advisor. When you choose between a fee-based and fee-only asset management firm, you know your advisor is putting your best interests first because there's no benefit in steering you another way. That's why so many people in Central PA choose to work with FMA Advisory.

What's the Benefit of Choosing a Fee-Only Financial Planner?

The National Association of Personal Financial Advisors oath includes this statement: "The advisor does not receive a fee or other compensation from another party based on the referral of a client or the client's business." We believe in the reasoning behind this statement. Independent fee-only financial advisors reduce the conflicts of interest inherent in the fee-based model. Fee-based advisors have a vested interest in pushing you toward certain investments because they receive compensation. They may recommend choices that boost their bottom lines instead of yours. When you choose our firm, you don't have to worry about where our loyalties are. We have no such conflicts of interest, our interest is your best interest.

Why Choose FMA Advisory as Your Fee-Only Financial Advisor in the Harrisburg, PA, Area?

We are the standout choice among fee-only fiduciary investment advisors in Hershey, Camp Hill, Carlisle and beyond. When you come to FMA Advisory for assistance, you receive:

  • An advisor classically trained in fiduciary, with the credentials to back it up, such as CFA, CFP, CIMA, CAIA and MBA.
  • A personalized approach to investment that considers your unique situation and your long-term goals.
  • Risk assessment that will help you plan for the inevitable financial fluctuations and adjustments that arise with wealth management.
  • Custom credit.
  • The ability to borrow against your portfolio.

When you choose the top fee-only management advisors in Dauphin and Cumberland Counties, you enjoy the flexibility and convenience you deserve. Money management can be confusing, emotional and exciting. We understand the human element inherent in any investment opportunity and we take those things into account as we advise you to achieve your financial goals.

Are you ready to get started with FMA Advisory? Contact us today to set up a free consultation or speak to an advisor.

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With a reputation for Straight Talk and strategic financial guidance, our team helps our clients build wealth and control their financial futures.

FMA Advisory, Inc. is a Top-Rated Financial Advisory Firm in Harrisburg, PA.

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1631 North Front Street
Harrisburg, PA 17102

Office: (717) 232-8850
Fax: (717) 232-7737

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