To avoid conflicts of interest, our investment advisory fee is our only source of revenue from clients. We receive no commissions or other compensation related to the investment options that we recommend to our clients. At Allodium Investment Consultants, our fee-only financial advice is designed to prioritize your goals and financial welfare. Each fee-only financial planner from our team in Minneapolis, MN is a fiduciary and required by law to adhere to the fiduciary standard of putting the client’s best interests first.
The National Association of Personal Financial Advisors (NAPFA) defines a fee-only financial advisor as one who, in all circumstances, is compensated solely by the client, with neither the advisor nor any related party receiving compensation that is contingent on the purchase or sale of a financial product.
Unlike investment professionals providing fee-based financial advice, fee-only advisors do not receive commissions on the sale of products, such as mutual funds, annuities, or life and disability insurance.
Allodium provides a buffer between the individual investor and commission-based financial advisors. The benefit of working with a fee-only investment advisory firm like Allodium is that you will no longer have to talk with commission-based investment product sales representatives at the banks, brokerage firms and insurance companies. We refer to our fee-only approach as "passionately independent advice."