Hourly-Fee Financial Planners & Investment Advisers

The most transparent Financial Planning Fees in the world...
...which results in the highest alignment between the Client's interests and the RIA

United States:

Allan Roth

Rick Ferri

Jon Luskin

Ross Berlin

Cody Garrett

List by Harry Sit that is behind a paywall…

…which may or may not contain one additional person

 

India:

Avinash Luthria

If you are an Hourly-Fee Financial Planner & Investment Adviser in the United States, United Kingdom, India, Canada (English-speaking countries among the top-10 countries by nominal-GDP) who:

(1) charges only an Hourly-Fee and publicly discloses your Hourly-Fee purely as an illustration: in the US, a fee of USD 400 per hour of effort (this is because a Fixed-Fee e.g. USD 4,000 without disclosing the Hourly-Fee is not as transparent) and

(2) does not directly / indirectly charge a percentage of Assets Under Management and

(3) does not directly / indirectly earn any commission and

(4) does not directly / indirectly earn any referral fee from 'Percentage of AUM Financial Planners' nor Distributors that earn a commission and

(5) is registered with the appropriate regulator in your country that requires you to have a fiduciary duty to your client (e.g. a Registered Investment Adviser (RIA) in the US & India) and you are completely compliant with all regulations and

(6) does not directly / indirectly offer other higher-fee services including but not limited to managing a portfolio of stocks and

(7) does not recommend Active Investing e.g. Active Mutual Funds (including Factor Funds) so as to push clients to renew the engagement each year,

then please send me an email with an explicit confirmation on each of these seven criterion at avinash@fiduciaries.in

Notes / Disclaimers:

(1) This list excludes several people who claim to be Hourly-Fee Financial Planners but do not meet the definition mentioned on this site. For example, it excludes several people who recommend Active Mutual Funds so as to push clients to renew the engagement each year. This is because, such RIAs are not fiduciaries, in spirit. 

(2) Hourly-Fee does not mean that a client can request for an engagement of just one hour of effort (including back-end effort). Also Hourly-Fee here, does not refer to a definition by any regulator.

(3) There is some subjectivity involved in whether or not to (proactively) include a Financial Planner in this list. It is also possible in some cases that a particular Financial Planner subjectively meets the criteria on this site but they subjectively decide that they do not meet the criteria on this site and hence they have not provided their approval to list their name here.

(4) While I have checked the information on this site at the time of my adding a name on this list, users of this list should do their own diligence.

(5) I am trying to locate at least one such person in each of the UK & Canada but I have not yet been able to locate one.