# Advice-only financial planning

> An advice-only financial planner gives planning advice for a fee but does not manage or hold your investments.

Canonical page: https://find.wellspent.co/glossary/advice-only/
Also called: advice-only planner

Advice-only planners help with decisions such as saving, retirement timing, taxes, insurance, and estate coordination, then leave implementation to you. Because they don't manage assets, they don't charge an AUM fee.

The term is widely used in Canada, where advice-only planners are often paid flat or hourly fees.

## Sources

- [Advice-Only Network](https://adviceonlynetwork.com/)

## Related terms

- [Flat-fee financial planning](https://find.wellspent.co/glossary/flat-fee.md)
- [Hourly financial planning](https://find.wellspent.co/glossary/hourly.md)
- [Fee-only financial advisor](https://find.wellspent.co/glossary/fee-only.md)