# Fee-Only Advisor

*Careers & Credentials — Finicade finance glossary*

A fee-only advisor is paid solely by clients — hourly, flat fee, or a percentage of assets — and takes no commissions from product sales. The deliberately confusing near-synonym is fee-based, which means fees plus commissions. Fee-only removes product-sale conflicts; it does not remove all of them, since an asset-based fee still discourages advice to pay off a mortgage or buy an annuity.

**Also known as:** fee-only, fee-based vs fee-only, flat fee advisor

**Related terms:** [Financial Advisor](https://finicade.com/glossary/financial-advisor), [Conflict of Interest](https://finicade.com/glossary/conflict-of-interest), [Fiduciary Duty](https://finicade.com/glossary/fiduciary-duty), [Commission](https://finicade.com/glossary/commission), [Management Fee](https://finicade.com/glossary/management-fee)

Source: https://finicade.com/glossary/fee-only-advisor