# Flat-fee financial planning

> Flat-fee financial planning means paying a fixed price, per project or per year, that does not depend on the size of your investments.

Canonical page: https://find.wellspent.co/glossary/flat-fee/
Also called: retainer planning, fixed-fee planning

Flat fees are set by the complexity of the work rather than your account balance. An annual retainer usually covers ongoing planning and check-ins; a project fee covers a one-time plan.

People with large portfolios, or with most of their wealth in a 401(k), home equity, or a business that an advisor wouldn't manage, often find flat fees easier to compare and easier to justify than a percentage of assets.

## Sources

- [NAPFA: what fee-only means](https://www.napfa.org/)

## Related terms

- [Assets under management (AUM) fee](https://find.wellspent.co/glossary/aum-fee.md)
- [Hourly financial planning](https://find.wellspent.co/glossary/hourly.md)
- [Subscription financial planning](https://find.wellspent.co/glossary/subscription.md)
- [Advice-only financial planning](https://find.wellspent.co/glossary/advice-only.md)