Fee Only Financial Advisors

The costs associated with investments can vary greatly. In the past, you may have worked with brokers, fee-based advisors or fee-only financial advisors. How do you differentiate between them and figure out what is best for you?

At Lyke Financial we are registered investment advisors (RIA) who collect fee-only compensation. That means we don’t receive commissions on the products we share, unlike fee-based agents or brokers who collect fees and/or commission on product sales and transactions. We are not tied to specific products and transactions when we give financial advice, which allows us to provide a full range of options for you.

fee only advisors

Our compensation philosophy aligns with our core belief to serve clients with absolute integrity, putting their best interest first. Fee-only compensation is also tied to a legal, fiduciary responsibility.

Fiduciary:
A person legally appointed and authorized to hold assets in trust for another person. The fiduciary manages the assets for the benefit of the other person rather than for his or her own profit (Investopedia.com)

We give our clients investment information with no hidden agendas. Our financial advice is based on what you need to implement your financial goals.

Benefits of fee-only financial advisors:

  • Legal responsibility to act in your best interest
  • Compensation structure is not based on product sales or trades
  • Provide comprehensive advice for you to review options

We adhere to strict professional and ethical guidelines, ensuring that you receive solid advice and investment strategies.

If you are ready to learn more about our financial advisor fees and structure, contact an advisor to get started.