A Different Client Focused Approach To Wealth Management
Fiduciary versus Selling
KMH, being a fiduciary, is a “Fee-Only” advisor which puts its clients’ interests first.
Financial institutions such as banks, financial services firms/brokerages, insurance companies and trust companies offer “advice” to clients which usually translate into the financial institution “selling” the client a product. This advice can come at more of a price than the client understands if the annuity, mutual fund or other investment product is not in the best interest of the client. Since commissions are derived from the sale of these products, the financial institutions often are the beneficiary and not the client.
Fee-Only versus Commissions
KMH offers its financial planning and investment advisory services on a Fee-Only Compensation basis, no commissions are paid to KMH. This compensation philosophy allows the firm to recommend products from the universe of investment options that the firm believes are the most appropriate for a client’s situation. The Fee-Only philosophy ensures that your best interests determine all decisions.
Fee-Only versus Fee-Based
The term Fee-Based Compensation should not be confused with Fee-Only. Fee-Based advisors charge fees for their advice and in many instances derive some of their fees from the sale of products. These commissions are not always obvious as they are credited towards the fee.
Certified Professionals versus Overnight Initials
We believe any person needing financial planning, investment advice and/or tax services deserves competent, honest, and objective advice from professionals that are held to professional standards. The CERTIFIED FINANCIAL PLANNER™ Professional or CFP® marks and the Certified Public Accountants Personal Financial Specialist (PFS) designations denote individuals who are educated in a variety of financial topics. Our professionals holding these designations must meet annual continuing education requirements and are held to a respective code of ethics. Additionally, our CERTIFIED FINANCIAL PLANNER™ professionals are held to the fiduciary standard of care which requires that an adviser acts solely in the best interest of the client, which includes finding the best investment alternatives with lower expenses when possible. Anyone can call themselves a “financial advisor” without any professional standards or certifications.
Financial planning is the process of meeting your life goals through the proper management of your finances. Through our experience, we feel this planning process is better served through certified professionals.
Our professionals also have other licenses, which include:
- Series 7 Registered Representative designation
- Series 65 Investment Advisor designation
- Series 66 Multi State Securities designation
- Life and Health Insurance Counselor
KMH Wealth Management, LLC is registered with the Securities and Exchange Commission (SEC) as an investment advisor. Registration does not imply a certain level of skill or training.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.