The Beginner’s Guide to Working with a Fee Only Financial Advisory Firm

If you’re starting to think about saving money, planning for retirement, or investing for the future, you’re not alone. Many people want to take control of their finances but aren’t sure where to start. One of the smartest steps you can take is working with a Fee Only Financial Advisory Firm. These firms are known for giving honest advice that’s focused only on what’s best for you. This guide is written to help you understand what that means and how to get started.

What Does “Fee Only” Mean?

Let’s break it down. Some financial advisors make money by selling products like insurance or investment plans. They get a commission when you buy something. That means they might suggest something that helps them, not you.

A fee only financial advisor is different. They don’t earn money from sales. Instead, they charge you a clear fee—either by the hour, a flat rate, or a percentage of the money they manage for you. Because they’re not getting paid by outside companies, their advice is all about helping you—not making a sale.

Why People Choose Fee Only Firms

People like fee only advisors because they’re trustworthy. You know up front how they’re getting paid. There are no hidden fees, no surprise charges, and no pressure to buy anything you don’t need.

Here are a few more reasons people choose them:

They give clear, unbiased advice.
They work for you—not a company trying to sell products.
They take the time to understand your goals.
They help with budgeting, saving, investing, and more.

Whether you’re just getting started or planning for a big life change, a fee only advisor can be your guide.

What Can a Financial Advisor Help With?

You might be thinking, “I don’t have a lot of money—do I really need a financial advisor?” The answer is yes. You don’t have to be rich to get help with your finances.

A financial advisor can help you with:

Creating a simple monthly budget
Setting up a savings plan
Understanding your 401(k) or retirement plan
Paying off credit cards or student loans
Planning for big goals like buying a house or saving for college
Managing money after a big change—like getting married, changing jobs, or having a baby

No matter where you are in life, an advisor can help you make a plan that works.

Questions to Ask Before You Choose

Before you start working with a financial advisor, it’s important to ask the right questions. Here are a few to help you get started:

Are you a fee only advisor?
What are your qualifications?
How do you charge for your services?
What kinds of clients do you usually work with?
Can you help with the specific things I need?
How often will we talk or meet?
Is there anything else I should know about your process?

Asking these questions helps you feel confident and make sure the advisor is the right fit for you.

What It’s Like to Work with a Fee Only Advisor

When you first meet with your advisor, they’ll ask about your goals. They’ll want to know what’s important to you—like saving for a home, retiring early, or just getting out of debt. They’ll take a full look at your income, expenses, savings, and any debts you have.

Then, they’ll help you build a simple plan. This plan will show you what steps to take, one at a time. They won’t rush you or use confusing words. And they’ll check in with you over time to help you stay on track.

How to Know If It’s the Right Fit

You should feel comfortable asking questions and talking about your money. A good advisor will explain things in a way you understand. They’ll listen to your worries and help you figure things out step by step.

If something feels off, it’s okay to look for someone else. You deserve to work with someone who respects you and wants to help you succeed.

Final Thoughts

Working with a Fee Only Financial Advisory Firm can give you peace of mind and a clear path forward. Whether you’re saving your first $100 or planning for retirement, the right advisor will walk with you every step of the way. One trusted name that provides this kind of support is Masuda Lehrman Wealth. With honest guidance and a focus on your goals, they help make money matters easier to understand and manage. Taking the first step is easier than you think—and your future self will thank you for it.