Our Company

Jim K Wyatt CPA was founded in Cary, NC over 20 years ago with the goal of assisting our clients in every aspect of their financial lives. We’ve provided the most comprehensive and personal service available, thus earning a reputation for excellence in our industry. For each of our clients we strive to create financial stability and security to provide financial independence and peace of mind.

Our Commitment

Our staff consists of experienced professionals with a "hands on" approach to financial guidance. Not only will you find our team members knowledgeable, but you will also discover that our staff truly cares about making your dreams a reality. As your Financial Professionals, we will do everything in our power to keep you focused on where you want to go, advise you on how to get there, and continually remind you of the importance of maintaining a disciplined approach to realizing your dreams.

Our Principle

We are Fee-only financial planners with a fiduciary responsibility to act in their clients' best interest. There are many benefits to working with a financial advisor who is compensated only by the fees he or she charges directly to clients and not via the commissions earned from sale of financial products. To be clear on terms, an advisor who is compensated only by fees is called fee-only. These fees might be hourly, a flat retainer or be based on a percentage of your investment assets that they manage.

Fee-based or fee and commission advisors, in comparison, generally are compensated via both fees for advice and commissions on the sale of financial products that may be used to implement their advice. And commissioned advisors are paid solely by the commissions they earn from selling various financial and insurance products.

Fee-only status can be claimed by many advisors who abide by that compensation structure. While there has been some debate as to how fee-only compensation should be defined, it generally only allows compensation from fixed, flat, hourly or percentage-based fees.

Pros of Using a Fee-only Advisor

One of the major benefits of selecting a fee-only advisor is the freedom from the inherent conflict of interest that can arise when a significant portion of the advisor’s income comes from selling you financial products. The concern you should have as a potential client is whether or not the advisor is recommending a certain financial product because it enhances his/her bottom line and if the products recommended are truly in your best interest. In fact, in there are some registered reps and others who earn all or part of their compensation via commission that may be required to favor products offered by their employer. These products may or may not be the best vehicles for your situation.