What does “fee only” mean?
Fundamentally, it means no conflicts. To maintain objectivity, I do not sell any investment products, annuities or insurance. Nor do I accept any commissions, 12b-1 fees, or other monetary compensation from product providers. This allows me to seek extremely low-cost investment products for my clients, including institutional-style mutual funds not normally available to individual investors. I charge a fixed fee for determining your income needs in retirement, then I help you obtain the products you need to generate this income.
What is a fiduciary?
Professionals who have a fiduciary duty to their clients are legally responsible to follow prudent investor practices and serve their clients’ best interests.
What other services do you provide for your fee?
I not only set up your income investment portfolio, but I also take the time to educate you about fixed income investing. As a comprehensive financial planner, I look at all aspects of your financial planning. This means I will prepare your tax returns and make sure your estate plan is in order.
What is the advantage of being a Certified Public Accountant (CPA) and a Certified Financial Planner (CFP®)?
Before candidates can sit for the exam that leads to licensure as a Certified Public Accountant, they must meet rigorous criteria in education, experience and ethics. This includes 150 hours of study that typically take five years to complete.
Similarly, to receive authorization as a Certified Financial Planner, candidates must pass a rigorous exam and meet exacting requirements in ethics and experience. Areas of financial planning that must be mastered include Insurance Planning, Investment and Securities Planning, Asset Protection Planning, Retirement Planning and Estate Planning.
To maintain certification, professionals in both fields must meet continuing education requirements on an on-going basis.
Thanks to this combination of training and experience, I understand tax law and the tax consequences of investing in fixed income. I also know how to use taxable and tax free bonds appropriately to lower your tax liability.
Do we have to meet in your office?
No. I am happy to accommodate your needs by meeting with you at your home or office.
What types of clients do you work with?
My clients consist of retirees who want to protect their hard-earned savings while providing the necessary income to maintain the lifestyle they are accustomed to.
Do you have minimum client requirements?
Although I do not have minimum client criteria, I do not accept everyone as a client. I want you to receive exceptional value from my services. If I do not believe that I can provide this value, I will not pursue a relationship.
Where do I begin?
My primary goal during the first meeting is to understand your goals, objectives, time horizon, personal beliefs, investment experience, and willingness and ability to take risks. If we mutually agree that I can meet your planning needs, I will formalize the engagement by entering into an agreement for services.
How do you get paid?
I charge an annual fee, paid quarterly. This fee encompasses all of my financial planning, investment advisory and tax services.
How are you regulated?
I am an Oregon Registered Investment Advisor. All of my new clients receive Form ADV Part 2, which sets forth additional information regarding my firm.
Who controls my investments?
You do. I monitor your accounts and make recommendations when appropriate, but you must pre-approve the trades and transactions in your account. I do, however, accept a limited form of “discretion” over our clients’ accounts in order to effect trades. My clients’ investment accounts are held by TD Ameritrade Institutional.
What reports will I receive on my accounts?
You will receive a monthly brokerage statement detailing your account values and transactions. You will also receive a quarterly report from me showing your accounts along with their performance measures.
Can you advise me on investments you do not manage?
Yes. As your financial advisor, I review these accounts as part of your overall investment plan. For investments such as a company 401k or 457 plan, I can guide you when it comes to choosing the best funds for you and your financial requirements.