FAQs

Financial planning is the process of creating a roadmap for helping you achieve your financial goals, including retirement, education, debt management, investment planning, and estate planning.

We will meet with you on an ongoing basis to review your financial plan and make adjustments as needed. We most commonly set meetings twice a year, once after taxes have been filed in the Spring, and once in the fall prior to end of year cutoffs. The frequency of our meetings can depend on your specific financial situation and goals.

Fee Only Financial Planner In Plano, TX

There any many ways that financial advisors can be compensated. Is a fee only financial planner the way to go for you? What does that mean and what are the differences in the fee only world vs other models?

Fee only financial planners offer financial planning services as the name implies – for a fee. As a fee-only financial planning practice, we charge a fee on the assets that we manage for clients directly. We are not compensated through commissions or anything that is not fully transparent to clients. Our fee is tied to the balance of the accounts to keep us equally yoked to clients. We do better when you do better. 

Financial planning helps you to set realistic goals, create a budget, manage your finances, and invest wisely, ultimately leading to a confident financial future.

Yes, you can do financial planning yourself, but it can be time-consuming and complicated. A financial planner can offer guidance, provide an objective perspective, and help you avoid costly mistakes.

Look for a financial planner with relevant qualifications, experience, and a good reputation. Ask for referrals from friends or family members and check online reviews to make an informed decision.

Your financial planner should listen to your financial goals, provide personalized advice, and explain the pros and cons of different investment strategies. They should also review your advisory based financial plan and make adjustments as needed.

1) How are you compensated? Are their any other potential ways that you receive indirect compensation?

2) Are you a fiduciary 100% of the time or are their situations where you aren't required to put my interests before anything else?

3) How did you acquire training in the industry? What degrees and certifications do you have? When is the last time you received a new degree or certification that's related to financial planning?

4) How many clients do you have and how frequently do you meet with your clients? What do those meetings look like?

5) What is the average trading cost or expense ratio in your clients' portfolios?

6) Can you offer investment advise alone, or do you require clients to engage in other areas of financial planning?

7) How long has your firm been in existence? If it went away tomorrow, what would happen to your clients?

8) In what situations would you find yourself selling insurance policies to clients?

9) How frequently are you able to beat the market?

10) How do you facilitate investing in things your clients believe in from a values perspective?