Fee Only Advisor Comparison Chart

Critical differences between an independent, fee-only advisor like the Goff Financial Group and fee-based and commission-based advisors	Independent, Fee-Only Advisor (Goff Financial Group)	Fee-Based & Commission-Based Advisors
Type of Advisor	Investment Advisor Only	Investment Advisor, Broker and/or Insurance Agent
Type of Advisor Relationship	Client Relationship	Customer Relationship
Only paid by the client for services provided?	Yes	No
Fiduciary duty to put your interests first for all your accounts, not just retirement accounts?	Yes	No
Fiduciary duty to put your interest first based on the fiduciary standard as defined under the Investment Advisers Act of 1940, as amended?	Yes	No
Independent from third parties (e.g. banks, brokerage firms, mutual fund companies and insurance companies)?	Yes	No
To eliminate potential conflicts of interest, works independently from your tax and legal advisors (e.g. CPA, estate attorney)?	Yes	?
Coordinates services as needed with your tax and legal advisors (e.g. CPA, estate attorney)?	Yes	?
Over 20 years of experience managing investment portfolios for long-term investors?	Yes	?
May receive fees from financial products held in your accounts such as mutual funds and annuities?	No	Yes
May receive commissions on transactions in your accounts?	No	Yes
May also be a broker?	No	Yes
May also be an insurance agent?	No	Yes
Sales quotas to push in-house financial products?	No	?