A financial planner who has a financial stake in the course of action that he/she recommends to a client faces an inherent conflict of interest and cannot be considered objective and unbiased. This is true even if the planner truly believes that he/she has only the best interests of the client at heart. Unfortunately, the vast majority of financial advisors in the United States are sellers of financial products. Some or all of their income may be dependent upon their ability to steer their clients to a limited number of the thousands of financial products available today. (Putting aside the conflict-of-interest factor, this limiting of choices, in and of itself, often is enough to impact the quality of the investment advice.)

K-Mack is a Fee Only advisory firm. We receive no other fees except what we charge our client and which is fully disclosed on the monthly statement. K-Mack doesn’t participate in sales contests, or a share of marketing expenses, or marking up the cost of investments or any other form of compensation. This creates a twofold advantage to you in that it eliminates any conflict of interest and it reduces the cost to you, which can substantially affect your return on investments over time. John Bogle, founder of low cost Vanguard Funds has stated, “The best way to be in the top tier of performance is to be in the bottom tier of fees,” and we operate by this statement.

Sarasota’s Trusted Fee-Only Financial Planner

If your advisor generates more income from recommending some products over others than they generate from you than it stands to reason you are not the client, you are the inventory. It is their role to bring you to their vendors and as such they are well compensated for doing so.

Because K-Mack Financial has no monetary interest in your purchase or investment decision, you do not have to wonder if the recommendations offered are being influenced by commissions or other forms of vendor-paid compensation. And since there are no third-party influences to color the financial and investment recommendations rendered, Fee-Only planners can concentrate on providing the highest level of personalized service and offer professional, independent, unbiased advice. Contact K-Mack Financial to schedule your free consultation.

Call for a Free Consultation
with Kevin McKenney

(941) 209-9694

Email: Kmackfinancial@Verizon.net

Kevin-McKenney

K-Mack Financial, LLC is a Fee-Only Registered Investment Advisor. We do not receive any fees or commissions
from any bank, brokerage
house, or insurance company.

Investment decisions are not
influenced by any criteria that would
benefit us at the expense of the client.
“K-Mack Financial, LLC is in the business of investment management and tax
planning. Decisions are not made as isolated incidents but with an eye on how investments impact taxes and how taxes impact investments.

Smart planning keeps taxes lower. Low tax preparation fees keep costs lower. We do both.