Are there financial planners/advisors that charge a consultation fee for assessing and organizing your finances to fit your best interests? Instead of taking a commission off the financial product?

Hi anon,

If you are looking for a fee based advisor, there are such advisors out there, who won't advice until you pay for their service.

Likewise, there are also advisors who don't charge a fee but will give you advice based on your situation. You are of course not required to get anything from them.

No model is perfect.

So it's more important to find an advisor whom you can work with, and also with some basic understanding of financial planning, you will be able to tell if the advice makes sense or not, and if it suits your interests.

I think your question is flawed.

You should be able to identify which advisor have your best interest at heart based on the discussion of your finances and the advice provided.

Ask yourself if the advise makes sense. Give yourself time to read up and also question his words.

Just because an advisor charges you a fee by the hour doesn't mean he would necessarily have your best interest at heart. Likewise, just because an advisor earns from the commissions does not necessarily meant he will be selling you all sorts of junks.

You should learn about the basic fundementals of financial planning and have a decent concept of how each type of products work, then you can be your own judge.​​​