What does it mean to be fee only?
A 'fee only' firm that only collects revenue from fees that are paid by clients. What this means in practical terms, is a 'fee only' firm is able to maintain independence as they do not have an incentive to 'push products' that generate commissions paid by an insurance or investment company to an advisor. Better independence helps to lead to better outcomes for clients.
What is your investment approach?
We are subscribers of Modern Portfolio Theory, which is a Nobel Prize winning concept that focuses on building a portfolio that seeks to maximize expected returns based on a given level of risk. We accomplish this through diversification (not putting all your eggs in one basket) and asset allocation (having several baskets). In an effort to maximize returns, we seek to select investment vehicles that are low cost, and where necessary, tax efficient.
How do we meet with clients?
We are happy to meet with clients in-person, video conference, or phone. We are a home office based firm and have kids and dogs that are friendly (most of the time), we are happy to welcome you into our office, your home/ office, or other location that would be most comfortable and convenient for you.
What is your Planning Process?
We follow a 5-step planning process with clients:
1. Define what is important to you and why?
2. Identify your resources (financial and lifestyle).
3. Plan Development. We will combine your goals and resources together into a plan that includes coordinated investment and tax planning.
4. Plan Launch. We will implement your agreed upon plan using flexible vehicles that account for cost and performance.
5. Adapt. Life changes, and your plan should too. We'll work closely together to monitor your plan and life and will adapt along the way.
Do you prepare taxes?
No. We are not tax preparers. We offer tax planning that can be done in conjunction with your tax advisor. We will provide a letter that summarizes the tax planning that we have done over the prior year that you can provide to your tax preparer to ensure nothing is missed. We can also be authorized by clients to speak directly to tax preparers as well to streamline the process. If you're looking for a tax preparer, we have relationships with trusted professionals and can help provide an introduction.