A fee only advisor only works for the client based on a flat fee.
We do not get commission from any other source unlike typical wealth managers.
For e.g. your banking wealth manager gets a cut from the insurance company every time they sell you some insurance product. Their incentive is tied to selling you stuff, which may or may not be in your long term interest.
Sadly, the product is rarely in clients’ interest.
On the other hand, a fee only advisors’ true north is aligned with their client. There is no incentive to sell shitty or fancy financial products since we only get paid by the client.