Fiduciary, Independent, Fee Only Financial Advisors
Many fee-based advisors not only receive pay from clients but also earn commissions from brokerage firms, mutual fund companies, or insurance companies when they sell products. Fee-only advisors are a subsect of fee-based advisors who do not earn commission, so they are exclusively paid by clients. Interestingly, most of the fee-only financial advisors' fees are not any higher than fee-based financial advisors' fees.
The main difference between fee-only advisors and fee-based advisors is that fee-only advisors earn no additional compensation beyond the fee that is paid to them by clients, whereas fee-based advisors may also earn commissions on the sale of certain products. That distinction may seem small, but the right compensation incentives align the advisor's interest with the client's.
In most cases, a fee-only advisor is going to be the best choice because they're incentivized to act as a fiduciary for their clients, and typically, you won't have to worry about potential conflicts of interest when they're making recommendations.
There are many fee-based financial advisors. Many people who are looking for financial advisors for the first time are confused about "fee-based" vs. "fee-only." The difference is significant despite similar-sounding designations. Very few financial advisors are "fee-only." It is only about 1.5% ~ 2% of the financial advisors in the US. The 2% of genuinely independent fiduciary financial advisors can become a member of The National Association of Personal Financial Advisors (NAPFA). It is the country's leading professional association of Fee-Only financial advisors— highly trained professionals committed to working in the best interest of those they serve. We are one of them.
We have a client meeting location in Saint Paul.
UAK Diversified within
The University Club of Saint Paul
420 Summit Ave,
St Paul, MN 55102
Alternatively, we can meet clients in Eagan.
UAK Diversified within
Regus - Grand Oak
860 Blue Gentian Rd Suite 200,
Eagan, MN 55121
Please use the "Click to Schedule" button below to schedule an appointment.
Or call us at 763-355-2337.
All written content on this site is for information purposes only. Opinions expressed herein are solely those of UAK Diversified LLC dba UAK Diversified Wealth Management and our editorial staff. The information contained in this material has been derived from sources believed to be reliable, but is not guaranteed as to accuracy and completeness and does not purport to be a complete analysis of the materials discussed. All information and ideas should be discussed in detail with your individual adviser prior to implementation. Advisory services are offered by UAK Diversified LLC dba UAK Diversified Wealth Management a Registered Investment Advisor in the State of Minnesota. UAK Diversified Wealth Management is not affiliated with or endorsed by the Social Security Administration or any other government agency.
*UAK Diversified LLC dba UAK Diversified Wealth Management a Registered Investment Advisor in the State of Minnesota. We can also serve clients where otherwise legally permitted.
The presence of this website shall in no way be construed or interpreted as a solicitation to sell or offer to sell advisory services to any residents of any State other than the State of Minnesota or where otherwise legally permitted. All written content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions.
Images and photographs are included for the sole purpose of visually enhancing the website. None of them are photographs of current or former Clients. They should not be construed as an endorsement or testimonial from any of the persons in the photograph.
These materials have been independently produced by UAK Diversified LLC. UAK Diversified LLC is independent of, and has no affiliation with, Charles Schwab & Co., Inc. or any of its affiliates (“Schwab”). Schwab is a registered broker-dealer and member SIPC. Schwab has not created, supplied, licensed, endorsed, or otherwise sanctioned these materials nor has Schwab independently verified any of the information in them. UAK Diversified LLC provides you with investment advice, while Schwab maintains custody of your assets in a brokerage account and will effect transactions for your account on our instruction.
We are Fiduciary, Independent, and Fee only financial advisors. You can expect Objectivity, Open Communication, Accountability, Discipline, and Coordination. We are Registered investment advisors serving Saint Paul, Minneapolis, Rochester, and near Twin City areas and where otherwise legally permitted. Please Email us with inquiries.