Episode 13

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Published on:

3rd Mar 2021

Episode #13 - What the hell is Fee Only?

“Fee Only means I only get paid a fee from my clients. I don’t get paid fees from products, from brokerage firms, from banks, from insurance companies… I only get paid by the client and that is the person I’m responsible to.” - Brent Hoskins, CFP®, CKA® of Focal Point Financial Group 

“One of the questions you need to ask advisors you’re interviewing is, ‘how do you get paid?’” - Donovan Brooks, CFP®, CKA® of Storyline Financial

In episode 13, we're talking about what the hell is Fee Only?

Brent Hoskins, CFP®, CKA® of Focal Point Financial Group and Donovan Brooks, CFP®, CKA® of Storyline Financial, sit down with Kyle to discuss what it means when an advisor says they’re a “Fee Only advisor”. Do you know how your advisor gets paid? They break down the two basic ways advisors are compensated by their clients, which leads to the three different types of compensation structures (Commission, Fee Based, & Fee Only), which leads further into the various Fee Only models (AUM, Flat Fee, Hourly, and more). 

Tune in!

"Do you want to pay for products that you can get for free, or do you want to pay for the advice?" Kyle Hill, CFP®

 

Resources:

Man of the House (1995),

Rochester Brewing and Roasting Co.: Stone Fruit Pale Ale,

River Bluff Brewing,

Roasterie: Full Vengeance,

Drink your coffee,

Roasterie: Betty’s Recipe,

Parenthood - Forever Young,

What is Fee-Only Financial Planning by NAPFA,

XY Planning Network,

NAPFA,

Donovan Walk-up song: Lecrae - Over the Top /Andy Mineo,

Brent Walk-up song: Alphaville - Forever Young

Kyle Walk-up song: Jump Around by House of Pain


Brent Hoskins, CFP®, AWMA®, CRPS®, RICP®, CKA® - Focal Point Financial Group

Website,

Email,

LinkedIn,

XY Planning Network (XYPN),

NAPFA,

FEE-ONLY Network

Kingdom Advisors,

CFP Board


Donovan Brooks, CFP®, CKA® - Storyline Financial

Website,

Email,

LinkedIn,

KCFAN (Kansas City Financial Advisors Network),

XY Planning Network (XYPN),

NAPFA,

FEE-ONLY Network

Kingdom Advisors,

CFP Board


Kyle Hill, CFP® - Hill-Top Financial Planning, LLC

Website,

Email,

LinkedIn,

KCFAN (Kansas City Financial Advisors Network),

XY Planning Network (XYPN),

NAPFA,

FEE-ONLY Network

CFP Board


*This podcast uses sounds from freesound: Dry Transition by Electroviolence , Metal Door Slam Shut by ecfike, and Scream by ngrib

Listen for free

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About the Podcast

Personal Finance from the Hill-Top
Smart, Practical Personal Finance for Every Stage of Life
There are plenty of retirement podcasts out there, but what about the financial challenges facing families, professionals, and retirees navigating life today? Personal Finance from the Hill-Top (PFFTHT) brings you real, straightforward conversations about money—without the confusing industry jargon.

Hosted by Kyle Hill, CFP®, owner of Hill-Top Financial Planning, LLC, this podcast dives into the financial topics that actually matter to you:
✅ How to build wealth while raising a family
✅ Saving for college and retirement at the same time
✅ Smart tax strategies for high earners and retirees
✅ Investing, insurance, and making confident financial decisions
✅ Avoiding common money mistakes and planning for the future

You’ll hear expert interviews, real-world financial tips, and practical advice you can actually use—whether you’re in your 30s juggling career and kids, in your 50s preparing for retirement, or somewhere in between.

💡 Join us as we break down personal finance in a way that’s fun, engaging, and built for real life.

🎧 Subscribe now and start taking control of your financial future!

About your host

Profile picture for Kyle Hill, CFP®

Kyle Hill, CFP®

Kyle is a CERTIFIED FINANCIAL PLANNER™ professional and owner of Hill-Top Financial Planning, LLC, an independent financial planning firm that he started to help younger adults develop financial confidence and create a path to financial independence. He provides comprehensive financial planning and investment management services. With his subscription model (think Netflix for your finances) he's able to bring objective, Fee-Only advice to an underserved population, Younger Adults. He lives in Kansas City, MO with his wife, two boys, and two bassador dogs (Bubba & Charlie Gibson... yep, after the former news anchor!).