FREQUENTLY ASKED QUESTIONS
- When should I get a financial planner?
- Which plan is right for me?
- What type of clients do you usually service?
- Am I too young for a financial planner? Am I too old (is it too late)?
- Is my information confidential and protected?
- Are investment management fees tax deductible?
- Is there a charge for the first meeting?
- What are my payment options?
- What makes you different?
- Why fee only?
1. When should I get a financial planner?
Financial planning should start as soon as possible, not towards the end when you’re about to “retire." The sooner you get your financials together, the higher your chances are for success and the more prepared you are for any future financial headwinds.
And for those of you who think you have all your finances together, consider it like going to a dentist for a checkup: there may be a cavity you couldn’t spot on your own. By getting a “wealth checkup,” you may be surprised to find some money saving opportunities or worst, a financial blind spot you may have missed.
Don’t wait until you hit a financial roadblock or encounter a major life change. Let us build a strong coat for you so that when those things do happen, you’re prepared for that financial headwind.
3. What type of clients do you usually service?
Most of my clients are Millennial women entrepreneurs, medical professionals, and attorneys. I also work with new graduates from graduate and doctoral programs.
However, that doesn’t mean I won’t work with you if you don’t fall into those groups. I work with individuals and families who actually want to make a difference in their lives through financial planning.
4. Am I too young for a financial planner? Am I too old? Is it too late?
Time is your greatest asset that you can never regain. The sooner you start, the stronger your financial foundation. Keep in mind: there’s never a “too old.” Age is just a state of mind.
5. Is my information confidential and protected?
6. Are investment management fees tax deductible?
Section 212 of the Internal Revenue Code permits an itemized deduction for tax and/or investment advice in the miscellaneous section of Schedule A. It is subject to a 2% floor of the adjusted gross income on your tax return. Consult with a tax professional to see if you can take advantage of this deduction.
7. Is there a charge for the first meeting?
No. There is no charge for the initial Introductory meeting where we get to know each other. When you decide to engage formally in our financial planning services and work with us, we require an Engagement Deposit before any formal plan or work is delivered.
8. What are my payment options?
First, choose whether you want view your engagement options.
If you choose a financial planning service package, the retainer is assessed monthly. If you want to “build your own planning package,” an hourly rate is applied and you will receive a final invoice at the end of the Implementation Meeting and delivery of the plan. We accept checks or ACH payments. Currently, we do not accept credit card payments at this time.
For clients who want us to manage their investment assets, the investment management fee is debited directly from the account(s).
9. What makes you different than other financial planners?
There are so many financial advisors out there. Trust me; I run into them all the time! And they all kind of say the same thing but maybe in different ways.
What it really boils down to is this: trust and respect. The major difference is that I want to make sure there's mutual trust and respect between us. Of course I would love to work with you, but only if you feel comfortable with me and we can trust and respect each other.
If, however, after our first meeting or during our time working together you discover that we are not a good fit, I will refer you to another advisor with whom you may form a better connection. You’ve already made the right decision to seek financial advice, so it’s my priority to make sure you get the answer you need and work with someone you can be happy with.
10. Why fee only?
So we can sit at the same side of the table as you.
With our fee only planning model, we avoid conflicts of interests because we are not paid based on products we sell but rather on the advice and the breadth of financial planning we deliver.
It's a priority that our planning and investment management fees are straightforward, transparent and easy for you to understand. It's our policy to fully disclose all fees and expenses to our clients.
View our engagement options.
And keep in mind: Price is what you pay, but value is what you get out of it.
11. What is a CFP®?
Most people think all financial planners are "certified," but this is certainly not true. While others may call themselves financial planners, only those who have met the rigorous requirements and standards established by the Certified Financial Planner Board of Standards, Inc. are rewarded the CFP® distinction. Those who have acquired the designation are held to a much higher standard of professionalism, competency, and ethics than a typical financial advisor.
We are held to a fiduciary standard of care in which we are required to act in the best interest of clients.
In order to obtain the distinguished CFP® mark and become a CERTIFIED FINANCIAL PLANNER™ professional, an applicant must:
- Hold a bachelor's degree from an accredited college or university
- Complete a CFP® Board-registered education program
- Pass the 10-hour CFP® certification exam
- Have at least three years of qualifying full-time work experience in financial planning
- Pass a professional fitness standards and background check
- Once appointed, a CFP® professional must meet continuing education requirements every other year in order to maintain the certification.
Read more about the CFP® designation by visiting http://www.cfp.net
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