Here is a list of the flat fee financial advisors that I have heard of, categorized by state. Please use this list of flat fee financial advisors by state to contact flat fee or advice-only advisors close to you for networking or other purposes.
A quick disclaimer
But before you crack into it…
In no way does this serve as a recommendation to do business with any of these people listed below. Please conduct your own diligence. I did cursory research but did not verify by their ADV in all cases.
Now, it’s getting late and my eyelids are starting to droop, so I didn’t confirm by ADV for all the people on this list to see if they are pure, flat fee advisors (meeting the definition articulated prior in this blog) or if they give clients the option to pay an AUM fee or a flat fee (the latter not being the definition of flat fee advisor in its purest form).
This list may change; there is no guarantee these advisors will always charge a flat fee in the future. And lastly, by no means would I claim this list to be comprehensive – it’s likely there are flat fee financial advisors I left off inadvertently.
Please note that some of these flat fee advisors in certain states such as FL, VI, OR, and IL) are required to maintain an insurance license purely to advise, not sell but advise, clients on insurance decisions.
Alright, without further ado here is the flat fee advisor list broken out by state.
Flat fee advisor list by state
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Arizona
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California
Retirement Road Map Financial Planning
Colorado
Delaware
Florida
South Shore Financial Planning
Family First Financial Planning
Georgia
Datapoint Financial – for tech professionals
Illinois
Indiana
Iowa
Arnold and Mote Wealth Management
Massachusetts
Michigan
Mississippi
Minnesota
Missouri
Nevada
New Jersey
New Mexico
New York State
North Carolina
Ohio
Truly Prosper Financial Planning
Oregon
Pennsylvania
Tennessee
Texas
Utah
Virginia
Manuka Financial – has a waitlist
Washington state
Scaled Finance – for tech employees
Maura Madden Financial Planning
Washington, DC
Wisconsin
Direction Financial Management
United Kingdom
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What is a transparent financial advisor?
- A financial advisor who clearly discloses fees on the website and in all places where cost is discussed, in actual dollar amounts
- A financial advisor who does not charge AUM fees
- A financial advisor who does not charge commissions
- Charges on a flat fee, hourly, or advice-only basis
If you would like to learn more about joining our movement and fighting for higher logic, transparency, and fairness in financial advice, join the Transparent Advisor Movement.
Disclosures
Please understand that this is not an endorsement of any particular company. Please conduct your own due diligence and come to your own decision. Also, I am under no obligation to update this list and the conditions of service offered by these firms may change over time without being reflected here. Although nobody paid me to be on this list, from time to time I may have a business relationship involving the sale of goods and services with the firms on this list. Firms listed here may attend conferences held by my company.
I can’t say it enough – you have to do your own research. This is not an endorsement of anyone mentioned here, and situations could change and not be reflected here in this blog. Also, there is selection bias inherent in this list. I did not interview all the hundreds of thousands of advisors out there, I conducted research using Google, consulted with my network, and posted on social media. So this is limited to what I had access to given my resources. Again, conduct your own research; this list of low fee advisors is intended to be a starting point but by no means is it exhaustive or conclusive. Also, the examples in this list are not presented in any particular order relative to meaningfulness; this is not a ranked list, and the order is random.
Grillo Investment Management, LLC does not guarantee any specific level of performance, the success of any strategy that Grillo Investment Management, LLC may use or mention in any of its content, or the success of any program it may mention in any of its content. Grillo Investment Management, LLC will strive to maintain current information however it may become out of date. Grillo Investment Management, LLC is under no obligation to advise users of subsequent changes to statements or information contained herein. This information is general in nature; for specific advice applicable to your current situation please contact a consultant or advisor. I want to be clear that nothing in this podcast or blog can be interpreted as an investment recommendation of any type. Also, nothing in this podcast or blog can be interpreted as legal or compliance advice. For advise on such matters, contact a legal or compliance advisor.
Sara Grillo and Grillo Investment Management, LLC are not compensated for including any of the aforementioned individuals on this list. There is nothing that guarantees that accuracy of this content and it is subject to change without notice and Sara Grillo is not obligated to update this information.
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