Transitioning to Fee-Only
The decision to become a Fee-Only financial planner is one of the most important — and best — decisions you can make as a professional looking to work in the best interests of your clients. But once that decision is made, there are other associated decisions for the transitioning Fee-Only financial planner to make:
- What compensation model should I use as a Fee-Only financial planner?
- Should I partner with someone for my back end solutions?
- What information do I need to know when starting a practice?
Luckily for you, NAPFA is dedicated to assisting new Fee-Only financial planners with resources designed to help them make informed decisions about making the switch to Fee-Only financial planning. Below are some resources to get you started, and we welcome you to reach out to us at firstname.lastname@example.org with any additional questions.
NAPFA Genesis is a peer-to-peer networking group designed to encourage young NAPFA members’ and affiliates’ professional growth and development. Membership is open and free to all NAPFA members, affiliates and students who are 33 years old and younger. If you’re interested in advancing yourcareer or lending a hand to those just starting out, Genesis is a great place to begin. Click here for more information.
Held in conjunction with NAPFA conferences, Practice Foundation is a valuable educational opportunity for new and prospective Fee-Only financial advisors. Led by veteran NAPFA members, this is your chance to learn from c-suite influencers and high-performing advisors. Interactive case studies and extensive Q&A provide a strong foundation for your growing advising career.
Career Corner is a platform for posting or finding job opportunities. That platform is open to all. Members and non-members post available positions at Fee-Only firms on the NAPFA websites. NAPFA-Registered members can post for free. Students entering or continuing in the financial planning industry, submit your resumes to NAPFA. Resumes will be posted on the NAPFA community for 90 days—free of charge! Click here to visit the Career Corner today!
NAPFA has a mentor program that matches new advisors with more seasoned professionals, and it can be found here on NAPFA Engage. Fill out your profile or search our network of experienced NAPFA members today, and get connected to an advisor who can help to answer questions or guide you in your career path.
NAPFA works with several networks dedicated to promoting the Fee-Only financial planning profession and helping new planners and career changers get started. Visit this page to learn more about ACP, Garrett Planning Network, and the XY Planning Network.
CFP Board is a non-profit organization acting in the public interest by fostering professional standards in personal financial planning through its setting and enforcement of the education, examination, experience, ethics and other requirements for CFP® certification. All NAPFA-Registered Financial Advisors are required to hold the CFP® certification. To get more information, and access to resources about financial planning, please visit the CFP Board here.