Garrett Network Offers Its Fee-Only Planners Group Health Benefits

Tuesday, November 01, 2011 06:41
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Garrett Network Offers Its Fee-Only Planners Group Health Benefits

Tags: planning

The Garrett pay-by-the-hour financial planning approach has gotten so successful that the network can now offer its affiliates a group health plan and other perks.

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Sheryl Garrett announced the new benefit program at the group's annual conference.

 

The move indicates how much scale the biggest fee-only businesses have achieved over the last few years.

 

Far from being a one-woman operation, the Garrett network has expanded to 320 full-fledged planners scattered around the country, as well as a crowd of paraplanners, administrators, and other support staff.

 

They did this without watering down their "planning first" fee-only philosophy.

 

And now they're big enough that group benefits make sense.

 

How big is "big?" Garrett planners jointly manage $1.3 billion. 

 

That might be the benchmark for other independent advisory networks looking for a way to reward existing affiliates and attract new talent.

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