Mercer Advisors
Sharing Knowledge

Question

What is the difference between fee-only and fee-based financial advice?

Answer

Fee-only advisors are compensated directly by clients through advisory fees and do not receive commissions from financial products. Fee-based advisors may charge advisory fees while also receiving commissions in certain situations. Because compensation structures can create incentives, clients should review how their advisor is paid.

Related FAQs

What information should I bring to a meeting with a financial advisor?

How often should I meet with my financial advisor?

How are financial advisors typically compensated?

What certifications should a financial advisor have (CFP, CFA, CPA)?
What Clients Ask FAQs
Last Updated Aug. 5, 2026
Previous Next

Further Learning

Tax Planning Guide

Tax Filing Is Not the Same As Tax Planning

You may think you’re managing your taxes effectively when you file each spring, but are you sure? Learn the difference between tax preparation and proactive tax planning.

Tax Planning FAQ

What’s the difference between a qualified charitable distribution and a regular charitable deduction?

See the answer
Tax Planning FAQ

Where can I learn more about the One Big Beautiful Bill Act changes?

See the answer
Tax Planning FAQ

How does holding positions and avoiding capital gains compare to tax-loss harvesting?

See the answer
Back to Sharing Knowledge

About Mercer Advisors

We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.

Explore Our Solutions

Financial Planning
Estate Planning
Tax Planning & Preparation
Insurance Solutions
Investment Management
Trustee Services

Want to learn more about Mercer Advisors?

Let’s Talk