The cards are stacked against the average consumer who is seeking financial advice. Legions of insurance salesman, stockbrokers and financial institutions sell plans aimed at the profitability of their organization rather than your best interests. The maze of commissions, fees and surrender charges can be enough to boggle the mind.
We do not charge for our basic financial planning services, nor do we generate 100-page boilerplate, leather bound documents that are both costly and are seldom revisited after the first night’s presentation. Our plans are straightforward, living documents that need to be revisited annually.
We have to know where you want to go before we can design your financial plan. If we do not ask you enough questions that will allow us to intelligently design a plan for your future, we are no better than the random call you receive at dinner suggesting investment ideas.
Our plans cover estate planning, insurance analysis (we do not sell insurance), educational funding, and retirement planning.
Our plan preparations require an hour interview for data gathering and a follow-up hour to present. The resulting plans and investment services we offer are focused on you and your needs rather than on our own profitability.
We are a fee only firm which means we charge no commissions. Instead we manage your assets for an annual fee of between 1/2 to 1% determined by both size and character of the account. We use individual stocks, bonds no load mutual funds and exchange traded funds, and all assets are held with our custodian Fidelity Investments.
We are registered investment advisors with the Securities and Exchange Commission. This means we have a Fiduciary responsibility to always place your interest in front of ours, or the firm’s. And we are liable if we do not live by that standard.