AARP, Education Watch, August 13, 2003 – “Many fee-only planners cater to high-income individuals, often charging fees based on a percentage of managed assets,” says writer Susan Garland. “Your best course is to find a fee-only planner who will give you a one-time overall review and occasional check-ups.”

“Besides checking with NAPFA, you can find a fee-only planner in your region who charges on an hourly, as-needed basis by visiting www.GarrettPlanningNetwork.com. Sheryl Garrett, a certified financial planner in Shawnee, Kansas, created the network to serve middle-income people. Planners in the network usually provide a free consultation of up to an hour and then charge $100 to $200 per hour. Their fees are relatively low because they design investment strategies that clients themselves can execute. ‘We focus on how to empower the client to implement the recommendations, perhaps by using an online discount brokerage,’ Garrett says.”