Importance Of A
Fee-Only Advisor

Vanguards of the fee-only approach, Ogorek proudly pioneered this compensation model in WNY, mitigating conflicts of interest and protecting investment clients. Fee-only financial advisors – commonly referred to as “no commission” or “fee for service” advisors – ONLY receive compensation directly from you as a client, charging only for advice and/or ongoing portfolio management.

As such, Ogorek advisors do not receive commissions, rebates or any financial disbursement from third parties, working solely in your best interest. In addition, our fees are fully disclosed and easily understood.

An investment in Ogorek is an investment in your financial future.

Often confused with fee-only, it’s NOT the same. In contrast, fee-based advisors charge you a fee, not only for the advice provided, but oftentimes receiving payments for products sold or recommended. In some instances, commissions received may be credited towards the fee, giving the appearance of a value-priced option.

Any supplemental or ‘outside’ compensation may lessen an advisor’s ability to maintain objectivity – and perhaps more importantly, reduces your advisor’s ability to put your interests first & foremost.

Before hiring anyone, it’s wise to ask:
How do YOU get paid?

Advisors receiving compensation through commissions are primarily salespeople. As with any commissioned salesperson, you must always ask yourself: Is this truly in my best interest, or is it the most lucrative product for the advisor? Unfortunately, the real answer is often the latter. In fact, commissioned advisors are typically required to put your needs second to those of their employer.

If you’re not paying your financial advisor, who is? That’s who they’re working for.