The expense and method of compensation are important factors to consider when deciding on a particular financial planner. Financial planning services can be provided on a fee or commission basis, or a combination of these. CPA financial planners who provide these services are bound by the state laws in which they practice. Some states allow CPAs to accept commissions from products you buy.

It is important to ask the financial planner to advise you in advance as to the cost of the services you are seeking and the method of compensation. If you need to keep within a certain budget, let him or her know that there is a maximum dollar amount you can spend.