Fee-Only Process

Definition of Fee-Only:

Water Oak Advisors is a Fee-Only firm that takes on a fiduciary responsibility to choose investments that are in the best interest of the client. A Fee-Only financial advisor is compensated solely by the client with neither the advisor nor any related party receiving compensation that is contingent on the purchase or sale of a financial product¹.

Water Oak Advisors does not participate in any of the following fee or investment arrangements:

• We do not sell insurance
• We do not sell annuities
• We do not own or sell proprietary investment strategies
• We do not participate in soft or hard dollar arrangements
• We do not participate in revenue share in any of the investments we use

How Fee-Only is different than Fee Based?

While a Fee-Only advisor’s sole compensation is from the client, a fee based financial advisor can receive fees paid by you, commissions, or revenue share arranagements.  While both fee-only and fee based financial advisors may have accounts they manage where they charge a percentage of the assets they manage, the investments they place inside these accounts can be and typically are very different.

¹Source: NAPFA Fee-Only Standards