The Fee Only Approach...
Did you know that most brokers, investment advisors, and financial planners are compensated entirely by commissions from the providers of products recommended and sold? In fact, these types of advisors provide advice that is strictly incidental to the sale of a product. Many times these fees are never disclosed to the client. Some advisors refer to themselves as "fee-based" meaning that they charge both a fee and a commission. Hoosier Financial uses neither method and provides full disclosure of all compensation. In addition, fee-only compensation is surprisingly affordable and is frequently much less expensive than commissions that are charged for the sale of financial products. A fee-only approach eliminates any conflict of interest with our clients. It is our legal and ethical duty to put our client's interests first. By taking a fiduciary oath we show our commitment to you and to our chosen method of practice.
We believe it to be the future of the financial industry.