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.
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.