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This content was written for Kevin O’Neil

What is the difference between financial consulting fee based planners and financial consulting commission based planners? The difference is quite simple, but it can mean a lot when it comes to with who you want to go with for your financial planning. The fee-based planner simply charges you for their time and has a fiduciary responsibility to act in your best interests. Versus a commission based planner who gets paid off of the commissions of the products that they sell you. You can see how this might cause a conflict of interest no matter how good intentioned the financial planner is. Human nature often gets in the way whether we like it or not. To talk with an expert fee-based financial planner call Kevin O’Neill 915-373-0989.

I’m sure you’re like most people when it comes to your money. You want to ensure that everybody you are working with you have complete trust in. One who you are sure will do the absolute best things with your money and with what you need your money to do for you. That, in essence, is what fiduciary responsibility means. The definition on Google is “involving trust, especially concerning the relationship between a trustee and a beneficiary.” This is an extremely important piece of the puzzle when you’re hiring a financial planner.

Financial consulting fee based planners automatically have this built into their way of doing business. Since they are not getting paid on commission for selling one thing and another commission for selling another thing they are not influenced one way or another by what they sell you. What they want to get you set up on is the best possible plan in order to ensure your success and repeated business. Therefore, the way their businesses set up they automatically have a fiduciary responsibility that also becomes their responsibility in their business because they want their business to thrive.

When it comes to financial  consulting fee based planners in El Paso one of the best is Kevin O’Neill at O’Neill financial planning. His number one goal is to help every single one of his clients achieve financial prosperity. He does this by ensuring that they are set up on the correct plan for them to ensure that they have a solid foundation and a game plan for their retirement, their estate, and if they have children their children’s college tuition. As a fee-based planner, he doesn’t need to worry about the commissions he is getting from the products he is putting people on instead he needs to worry about whether those products are the absolute best for the clients.

To get in touch with Kevin O’Neill to see if he is going to be the best financial planner for you, you can call him at 915-373-0989 or visit his website at The three areas of financial planning that Kevin O’Neill really focuses on our financial planning for your family, financial planning for your business, and financial planning when it comes to money management.

Fee Based Financial Planners El Paso

This content was written for Kevin O’Neil

So you’re looking for a financial planner, and you come across two different types, financial consulting fee based planners and the financial consulting commission based planners. So who do you go with and how do you know. You met with a whole bunch of financial planners some of them fee-based some of them commission based.  Most of them were super nice people. They all seemed like they had your best interests at heart. They all seem like they have somewhat of a similar plan for you but different products that they would put you on. So what you do? Well if you are in El Paso you call one more guy, his name is Kevin O’Neill at O’Neill Financial Planning. His phone number is 915-373-0989.

Let me explained to you really quick the difference between  the financial consulting fee based planners and the financial consulting commission based planners. The commission-based planner basically gets paid off commission.  So a percentage or a fee for referring a client to a specific product. For example if your commission based planner sold you a life insurance policy with a specific company that life insurance policy is going to pay him a commission based on that referral. Another example is if a financial planner who’s commission based gets his client on a 401(k) plan with a specific company that specific company is going to pay that  commission based financial planner a fee for setting the client up with them.

The financial consulting fee based planners are paid simply for their time just like most regular jobs pay people. They get paid on a per hour rate, or they get paid on a type of consultation rate. Either way, the biggest thing about the differences between these two is that one is getting paid on commissions for recommending specific services and specific companies and the other one is simply getting paid for their time to sit down with their clients and figure out the best solution. As you can see, there is a huge discrepancy here about who you think would be the best one to service you when it comes to handling your money.

The majority of people once they understand the difference between financial consulting fee based planners and the commission based planners will almost always automatically think that the fee-based planner is a better way to go. And from a human nature standpoint that is probably correct. Now, when that wouldn’t be correct is in the case where you’d be dealing with a difference in experience level. If you have an extremely experienced and well-versed commission based financial planner and a totally inexperienced fee-based financial planner then that can be your call whether you want to go with the fee-based or the commission-based planner.

However, when you are comparing two financial planners of the same experience level typically, your better option is to go with the fee-based financial planner.  The fee based financial planner don’t have to worry even about human nature getting in the way.  They have no reason to sell you something you don’t need because it does nothing for them.