No, I am a fee-only financial planner. This not only means I won’t accept a commission, but I’ve also separated the standard “1%” fee that most advisors wrap financial planning and investment management into. I charge for these services separately so that I can work with anyone regardless of their assets.
I began working on gaining appropriate qualifications after briefly working at a company that rushed me through the licensing to sell mutual funds to my friends and family. After sitting down with a close friend, I acknowledged that I had little qualifications to help him and decided this company wasn’t going to be a fit for me. I then began a master’s program at California Lutheran University that specialized in financial planning. As I approached graduation, I began working in a supportive capacity for seasoned financial advisors where I gained five years of work experience. Along the way, I studied for and passed the CFP® exam and attained the marks of CERTIFIED FINANCIAL PLANNER™.
No. The only restriction I have on my investment management service is that you must be a financial planning client.
Yes! I adopted the fiduciary standard from the start. As a CERTIFIED FINANCIAL PLANNER™, I hold myself to the fiduciary standard that I will always give advice that is in your best interest. This is why I offer fixed fees for my service rather than selling commissionable products.
Financial planning is like any other service offering. You can do it yourself or you can hire an expert, with varying degrees of necessity. For example, you can do your own gardening but you probably wouldn’t do your tonsillectomy. Financial planning probably falls into the category of “doable” on your own, but it does require a good deal of time to do it properly. While I’m confident that physicians have the smarts to do it on their own, I’m not confident that they have the time to do it effectively. Another good reason is that a financial planner creates accountability for you to follow through on the planning. Because what good is a plan if you don’t follow through with it.
I’m more concerned about serving the right demographic than I am about proximity. If you happen to be in the Salt Lake City area, we can meet face to face. For most clients, however, we will meet virtually. I prefer to video conference using Google Meet, but we can also interact over the phone or email.
We start by meeting for 30 minutes to determine if my services are a fit for you and if you fit as a client for me. There is no cost or obligation to this meeting. Should you choose comprehensive financial planning, we’ll meet again to first determine what your needs are and prioritize them. Then I go to work to begin crafting the one or two most important areas of financial planning. We’ll meet a third time in a relatively short period of time to discuss the recommendations of these topics and I’ll help you to execute them. After that, we will meet every six months and build on the first topic(s) to build your plan over time. Once all topics are completed, we continue to meet semi-annually to revise them as necessary. I’m also always available to you with any questions you have as they come up. If you choose to do an hourly engagement instead, generally we meet twice, first to determine what you need and gather information, and second to present to you a written recommendation based on your situation.