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DATAPOINT FINANCIAL PLANNING
Datapoint Financial Planning offers hourly financial advice to individuals, families, and small businesses. It is a fee-only firm that does not manage assets...
Overview
Datapoint Financial Planning offers hourly financial advice to individuals, families, and small businesses. It is a fee-only firm that does not manage assets but provides specific investment advice tailored to clients’ circumstances. The firm uses a fiduciary fee-only hourly model with no asset-based fees, kickbacks, or commissions. Clients typically engage for comprehensive planning and then for ongoing questions or annual reviews.
General information
Firm type
Asset Manager
Principals
David E. Barfield
CFP®, Founder
David E. Barfield
CFP®, Owner
Frequently asked questions
What is the difference between an RIA and a broker-dealer?
An RIA, such as DATAPOINT FINANCIAL PLANNING, provides advice for a fee and is legally bound by a fiduciary standard, requiring them to eliminate or disclose conflicts of interest. A broker-dealer executes trades on behalf of customers for a commission and is bound by Reg BI (Regulation Best Interest), which requires them to recommend products that are in the client's best interest but does not impose a continuous duty of care or loyalty outside of that transaction. This structural difference directly impacts how client portfolios are constructed.
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