Frequently Asked Questions
What primary services do you offer?
We offer a personal finance course, financial coaching, and comprehensive financial planning.
What do you specialize in?
We specialize in financial planning for young professionals.
What are the rates for your services?
Our rates are listed on our website here and can be found in ADV Part 2A.
What is your privacy policy?
You can read our privacy policy here.
Do you make money from commissions or referrals?
No. We are a fee-only financial planning firm. Our only source of income is from what we charge you.
Do you have a minimum asset or income for clients?
We have no minimum for assets or income.
Do you provide investment management services?
No. We currently do not offer investment management services.
Do you prepare tax returns?
No. The tax planning section of your financial plan is used to make recommendations to identify tax consequences and efficiencies.
I have no money to invest. Why do I need a financial planner?
A financial planner does more than just investments.
With a comprehensive financial plan, we cover all aspects of your finances, which may include cash flow management, insurance, investments, tax planning, retirement planning, and estate planning.
At the end of the day, our goal is to provide you with a plan of action and the knowledge to make smart financial choices.
Do you meet with clients in person or virtually?
As of Fall 2021, all meetings are held virtually via Zoom.
What is the optional upfront fee for comprehensive financial planning?
Client can elect to pay an upfront fee up to $499 to reduce the monthly payment.
Payment of an upfront fee does not result in savings. Purpose is to reduce monthly payments to help with cash flow management.
Example: For a $2,400 comprehensive financial plan, the monthly payment would be $200 for twelve months. Paying an optional upfront fee of $360 would reduce the monthly payment by $30 to $170 for twelve months.
What’s the difference between the plan created for financial coaching and comprehensive financial planning?
Clients of financial coaching and comprehensive financial planning receive a financial plan.
However, the financial plan offered to financial coaching clients generally only covers cash flow and debt management.
The financial plan offered to comprehensive financial planning clients may include but is not limited to: identifying financial goals; cash flow and debt management; college planning; insurance review; risk management; investment analysis; retirement planning; tax planning strategies; and estate planning.
What is passive investment management?
Passive investment management is a style of management associated with mutual funds and exchange-traded funds (ETF) where a fund’s portfolio mirrors a market index. Passive management is the opposite of active management in which a fund’s manager(s) attempt to beat the market with various investing strategies and buying/selling decisions of a portfolio’s securities.
We primarily practice passive investment management. We are not a good fit for clients focused on stock-picking, active management, or “beating the market.”
How do you gather information from clients?
We use several tech tools to gather financial information and efficiently deliver services, which clients must be comfortable using. These include:
• RightCapital for data gathering, bank/brokerage account aggregation, and file sharing
• Precise FP for surveys and questionnaires
• AdvicePay for electronic payments
• Calendly for scheduling meetings
• Zoom for conducting virtual meetings