Fees

Our Fees

Everyone who comes to Kobel Financial Planning should fully understand the services they will receive and how we are compensated. At our first meeting we will learn about you and your financial needs and goals. In turn, you will learn about our planning process, credentials and the financial philosophies that shape our work as an advisor.

Should we decide to work together, we will review each viable compensation option and agree to the most appropriate one.

You will be provided with a letter of engagement that includes an overview of the steps we will take to accomplish your financial goals. It will include an outline of the agreed-upon fees that are determined by the scope and complexity of the work we have agreed to do together. The payment structure can be by the hour, by the project, or by retainer.

The Certified Financial Planning Organization and Society of Financial Service Professionals stipulate that Sandra L. Kobel CFP®, CLU®, ChFC® act as a fiduciary. Being a fiduciary means acting in your best interest.

Please note that my service does not include tax advice; The Employee Retirement Income Security Act (ERISA) plan advice or legal guidance.

Glossary

Fee-Based Advice

The financial advisor’s compensation is based on a set percentage of a client’s assets, usually held within a specific account, as well as potential compensation from commissions for financial products, annuities or insurance sold.

Fee-Only Advice

The financial advisor is paid solely from client fees, such as a flat hourly rate, with neither the advisor nor any related party receiving compensation that is contingent on the purchase or sale of a financial product.

Commission-Based Advice

The financial advisor is paid a commission on the product sold or receives a percentage of the returns from a financial product sold to a client.

Fiduciary

A fiduciary is a person or organization that acts on behalf of another person or persons to manage assets. Essentially, a fiduciary owes to that other entity the duties of good faith and trust, the highest legal duty of one party to another. Being a fiduciary requires being bound ethically to act in the other’s best interests.

Start Your Journey

“A man who does not plan long ahead will find trouble at his door.”

— Confucius