Financial Glossary

Credit Report - A report issued by a credit reporting agency that indicates how a person has used credit in the past. It is generated from data provided by creditors and public records upon the request of consumers, creditors, and others with a legitimate business reason to check the report.

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FAQ

There are several commonly accepted methods of compensation:

• Fee-only: The planner is compensated entirely from fees for purposes of consultation, plan development or investment management. These fees may be charged on an hourly or project basis depending on your needs, or on a percentage of assets under management.

Do you or someone you know need a Financial Planner? Contact a Financial Planner in your county or state today!

• Commission-only: There is no charge for the planner’s advice or preparation of a financial plan. Compensation is received solely from the sale of financial products you agree to purchase in order to implement financial planning recommendations.
  
  
• Combination Fee/Commission: A fee is charged for consultation, advice and financial plan preparation on an hourly, project or percentage basis. In addition, the planner may receive commissions from the sale of recommended products used to implement your plan.
  
  
• Fee-offset: Commissions from the sale of financial products are offset against fees charged for the planning process.
  
  
• Salary: Some planners work on a salary and bonus basis for financial services firms.

Do you or someone you know need a Financial Planner? Contact a Financial Planner in your county or state today!