Fee-Only Compensation: This model minimizes conflicts of interest. It is the required form of compensation for members of NAPFA (The National Association of Personal Financial Advisors). A Fee-Only financial advisor only charges for his or her advice and/or ongoing management. No other financial reward is provided by any other institution, which means they do not receive commissions on the actions they take on the clients’ behalf. Compensation is based on a percentage of assets managed. In essence, Fee-Only financial advisors sell only one thing – their knowledge.