Some people are looking for a financial advisor. Others are simply wanting to get a second opinion and have no intention on finding a new advisor. I offer planning for both types of people. I charge a low flat planning fee (explained in ‘what I charge’ below). I’ll do my best to communicate how different my services are from many other advisors.
If you are looking for an advisor, there is a possibility that we could be a good fit. Please read the short description of who I typically serve and how I work. In both cases this would be a complimentary, no obligation initial interview.
I really like my clients and they are a pleasure to work with. I’ve been fortunate to be able to be of service to them over the past years. Everyone is unique, but there are a few similarities and traits that we look for to determine whether a person or family would be a good fit. Check these out to help determine if you might be similar.
- Most clients are either already retired or within 10 years of retirement.
- Most clients are generally conservative and value safety in their income plan as a priority and place less priority on taking high risks in attempt to create maximum return.
- My clients are not interested in short term trading. Instead they appreciate a custom asset management plan that helps them clarify their decisions and measure the outcomes of the various financial decisions throughout the rest of their lives.
- My clients want to use “results in advance” planning, which is a way for them to make better decisions throughout retirement. They observe the affect the decision would have on their entire financial plan.
- Most clients are family oriented, live life with purpose, and live in a way that far exceeds only money and the things that money buys.
How I Work
I am a fee based advisor which means that I receive no back end commissions on securities. I do however, receive commissions from insurance related products. This means that I keep both separate, either a fee or a commission. I transparently disclose exactly how I’m paid when a person implements a plan.
I’m dedicated to remaining independent in my relationships with insurance companies. Being a Fiduciary for my clients means that I have an obligation to put client’s interests ahead of my own. Independent means that I am able to work with only what I determine are the best offerings and am not limited. This can not be said for non-independent advisors or employees of financial companies.
My area of focus is retirement income planning. Retirement income planning is an area of special care. This includes several ancillary areas pertaining to this special season of life. I have a great team with unique skills in these areas that specialize in taxes, estate planning, Medicare, reverse mortgages, long term care, portfolio risk management and more. Each client benefits from having a custom financial plan that makes navigating an enjoyable retirement organized and simple.
I communicate regularly using email, blog & video. Email is my preferred medium for communication.
I visit with each client 1-3 times per year and provide unlimited email support between meetings. Some of my clients are not local to me and we work virtually. Under this arrangement we use web conferencing, phone, and email to communicate on a regular basis.
As mentioned I have a wonderful team that makes everything simple. Getting ahold of me anytime I’m needed is easy, though I’m typically not the person that answers the phone or handle service related needs.
If you’re the type of person that would need frequent unscheduled direct phone support with me personally then we’d probably not be a good fit. My experience has been that meetings with definite objectives are productive and very welcome. You can schedule those by phone anytime and I welcome them.
All clients have 24/7 secure online access to their accounts through large and very well known custodians and providers. We also invest in technology that allows our clients to organize and create simplicity in their financial plan. Additionally, we provide a proprietary monitoring system called WealthGuard that monitors accounts and makes sure that all planning is done in advance and when needed, rather than reactionary which is the method by which many other advisors provide support.
I offer financial planning for a simple, flat fee. In most cases it’s $600 and comes with a 100% satisfaction guarantee or you pay nothing. This is a way for you get objective advice and plans to ‘do it yourself’ or to simply get a second opinion on your current plan.
Imagine being able to do this with a realtor if you needed to buy a house. For instance, you need that specialized knowledge the realtor has but everyone in real estate gets paid a commission. You are stuck feeling like you are ‘using’ that realtor. In my service, you are able to avoid the pain of ditching the advisor because you paid for the objective advice. It’s a win/win. You get the info you need with no commitment to the advisor outside of providing the accurate information for us to plan with.
For people that decide they want ongoing help managing their plan and investments, fees are based on the total value of assets under management. We strive to keep costs as low as possible. If you’d like complete details regarding my firm’s fees just use the contact form and I’d be happy to give you an estimate. If insurance products such as certain annuities are what you decide upon then I do get paid a commission from the insurance carrier, again that would be disclosed clearly.
Its important to note that when we manage investment accounts it is done utilizing an independent custodian and we never every take custody of a client’s assets. This is important because it protects you from fraud and theft. It also ensures that I never make a commission for securities transactions since I am not a representative of any financial custodian. We primarily use either Fidelity, TD Ameritrade or Charles Schwab for our custom portfolios.
What I Do For Clients (Texas and all over the USA):
I have found that most retirees make decisions in a vacuum. This means that their decision to buy Long Term Care insurance for example, is usually made outside of what paying that premium is going to do to the longevity of their plan. I advocate “results in advance” planning. This means that you should make your decisions by looking at a comprehensive plan and observing what that decision would do in advance.
I recently met a man that would have made the decision to buy Long Term Care. However, when we added the cost verses what it did to the longevity of his money he discovered that he had potentially reduced the life of his portfolio by seven years! Decisions need to be made in light of the longevity of the portfolio. This is a huge difference from looking at other goals. Many times decisions are made without considering the impact on the long term success of the spending and lifestyle goal.
Most people hire an advisor and need to wait 3-5 years to discover whether they are any good. With “results in advance” type planning people do not need to go down that road.
My clients are able to make better, more informed decisions throughout retirement because they have a simple, responsive, yet comprehensive plan that they run major decisions through first. The numbers can speak for themselves and help them make the decision.
To me this is invaluable.
I’ve created something called the Money Master Plan, and it helps you with these five important areas; 1. Income distribution plan 2. Investment plan 3. Tax optimization plan 4. Healthcare plan 5. Legacy plan. Sadly, many people I see have never seen a written income distribution plan for retirement. The Money Master Plan helps to fix that.
Well, I’ve done my best to describe my work and services. My promise is to be the best resource that I can for my clients to continually earn and maintain their trust in me and my firm.
Due to advancements in technology I’m now able to consider more clients that are not local to me. If you’ve never thought about working with an advisor virtually, I think you might find it pleasant and convenient.
Could we work Together?
If after reading the above you’d still like to have a conversation about working together I’d be happy to invest an hour of my time getting to know you better to determine if I can add value to your retirement life. To set up an appointment click here or you could also call my office at 1-214-988-9178 and talk to one of my support staff.
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All the best,
I dedicate a little time to answering questions regarding Social Security, retirement income planning and anything related to my posts. If you have any questions are need a little free advice feel free to reach out through the form below. I usually respond within a day.
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