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Fee-Based Financial Advisor in Wichita, KS

How your advisor is paid shapes the advice you get. We keep it simple: advisory fees agreed in writing, and any commission on a recommended product disclosed before you decide.

Commission-Based vs. Fee-Based: What's the Difference?

Commission-Based

  • Advisor earns money when you buy a product
  • Commission often embedded — you may not see it as a line item
  • Creates structural incentive to recommend higher-commission products
  • Annuities, life insurance, and mutual funds often carry significant commissions

Fee-Based (StewardRight)

  • You pay us directly for advice and management
  • Fee structure is clear and disclosed upfront
  • Any commission on a recommended product is disclosed up front
  • Fiduciary obligation — we're legally required to act in your interest

Why Fee-Based Advice Matters

Commission-based compensation isn't inherently unethical. But it creates a structural incentive to sell — and in financial services, the products that pay the most commission aren't always the ones that are best for you.

Annuities, in particular, are a product category with notoriously high commissions. That doesn't make every annuity a bad product. But it's worth knowing that when someone recommends an annuity to you, there's a financial incentive behind that recommendation. A fee-based fiduciary either has no stake in that decision — or discloses any stake they do have.

For clients navigating major financial decisions — rollovers from Spirit AeroSystems or Textron Aviation 401(k) plans, early retirement offers, large insurance purchases — transparent fiduciary advice matters most exactly when it's hardest to find.

How We Charge

StewardRight uses a transparent fee structure. For investment management, we typically charge an annual fee as a percentage of assets under management. For comprehensive financial planning, we offer flat-fee and retainer-based arrangements depending on the scope of services.

Mike Proctor maintains an insurance license. If you buy a policy through him, he earns a commission from the insurance company. We disclose that before you decide, and you're always free to buy elsewhere.

We'll tell you exactly what you'll pay in our first conversation — before you commit to anything.

What You Get With a Fee-Based Advisor

When you work with a fee-based advisor, you're paying for time, expertise, and a fiduciary obligation — not for product recommendations. What that looks like in practice:

  • A financial plan built around your actual goals, not around a product lineup
  • Investment management driven by your needs, not by fund company relationships
  • Insurance guidance based on your needs, with any commission disclosed up front
  • Honest answers when the right move is to stay the course, change nothing, or reverse a previous decision

Get Transparent Fiduciary Advice

StewardRight, LLC · 515 S Main St, Suite 103 · Wichita, KS 67202 · (316) 768-7526

Serving Wichita, the surrounding communities, and clients nationwide.

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First call is free. We'll explain exactly how we charge and what you get.

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Frequently Asked Questions

Look at their fee structure, their credentials (CFP® is the gold standard), and their fiduciary status. Ask how they're compensated for specific services — an advisor who earns fees AND commissions should clearly disclose the commission arrangements. StewardRight discloses all compensation in our first conversation.

It depends on your situation. Good advice can help you avoid costly mistakes, coordinate complex decisions, and gain clarity. In your first call, we'll explain what we'd do for you and what it costs, so you can decide.

Fees vary widely by firm, portfolio size, and services. Our current fee schedule is in our Form ADV Part 2A, and we'll walk you through your exact fee, in writing, before you commit.

Both are possible. We work with clients on an ongoing basis for comprehensive planning and investment management, but we also offer project-based engagements for specific planning needs — a retirement decision, a rollover, a business exit.

Advice First. Every Fee Disclosed.

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