Frequently Asked Questions
We think you should have a full understanding of our background, services, fees, philosophy and methodology so that you can make an informed decision. You can find the answers to most of your questions regarding our firm on this web site, but the following are some frequently asked questions.
Why should I pay for a financial plan when some companies provide them for free or at a lower cost?
The free financial plan has been used for years by brokers as a ploy to sell high-cost propriety products. These companies have an inherent conflict of interest and do not hold to a fiduciary standard. Some reputable companies like Vanguard offer low-cost plans which are pretty good, but they are often limited to investmens and don’t offer the level of customization that you get from a personal financial advisor. More importantly, they are not independent because they also sell their own products. If you want unbiased financial advice crafted to your unique circumstances, we think that our services offer a better solution.
I'm not experienced with investments so don't I need someone to handle my portfolio for me?
No. The great majority of people can and should manage their own investments. We can help you work with a low-cost custodian of your choice, such as Vanguard or Fidelity, and provide all of the support you need to construct and maintain your portfolio. This combination of leading edge service and independent investment advice allows you to enjoy worry-free investing with minimal effort and cost. Read Self-Directed Portfolio Manament to learn how you can get better results yourself than by using a full-time money manager.
What is your Open Line Policy?
We invite our clients to call if they have a question between formal review meetings. It’s like the game show Who Wants to be a Millionaire where contestants have a lifeline to Phone a Friend. We don’t want our clients stewing over questions when we might be able to address their concerns with just a few minutes on the telephone. Questions like “should I add to the same fund in my Roth IRA this year” are easy to answer and we don’t charge for them.
How do I get started?