Our proven planning process begins with a review of relevant documents and a discussion of your current financial situation. We then identify and prioritize your goals and aspirations.
Using powerful, goal-based planning software, we develop and review your financial plan, identify any planning gaps, and create an action plan for eventual implementation.
In the third phase, we agree to concrete action steps for implementation, and craft personalized investing and risk management strategies to support the financial plan.
A financial plan is not a static document. We meet with you as necessary, but at least once per year, to update your financial situation and goals, measure progress and make course corrections where needed.
A Registered Investment Advisor is a firm that’s regulated by their state or the Securities and Exchange Commission (SEC) under the Investment Advisors’ Act of 1940. Among other requirements, this law compels the firm and its representatives to always act in the best interest of the client. The vast majority of financial advisors, including traditional broker/dealers, are not held to this fiduciary standard when investing on behalf of their clients.
What is a fiduciary?
A fiduciary is someone who has a legal duty to act solely in another party’s best interest. Fiduciaries may not profit from their relationship with a client unless they have the client’s express informed consent, and they have a duty to avoid conflicts of interest between themselves and their clients. A fiduciary duty is the strictest standard of care recognized by the U.S. legal system.
What is your approach to financial planning?
We believe strongly that financial planning and investment advisory services are closely linked, which means without preparing a financial plan, we can not know how a client’s investments should be managed. Our planning approach typically follows a three-phase schedule. Phase one is to review the scope of the planning process and gather data on the client’s financial situation and goals. In phase two, we review a draft financial plan, identify any planning gaps and discuss how to close them. The outcome of this phase is an action plan and steps for implementation. Phase three consists of a review of the action plan and development of investing and risk management strategies to support the financial plan.
What is your philosophy on investing?
Our investing strategies are evidence-based, which means that we focus on broad diversification and a tailored asset allocation strategy that fits your individual goals, time horizon and tolerance for risk. We believe it is impossible to consistently predict short-term movements in the stock market or the economy; therefore we do not utilize market timing or short-term trading strategies. We believe that the most effective ways to improve portfolio performance are to reduce commissions, fees and other investing expenses, and to effectively manage income taxes.
Do you have a minimum account size?
No, we do not require clients to have a minimum amount of assets to invest. Our targeted minimum fee for the development of a financial plan, which covers a 12-month period, is $2,000.
Do you receive commissions from brokerages or mutual fund managers?
No, we do not receive compensation or incentives from any third parties. Our relationship is exclusively with our clients and we receive compensation only from them.