Financial planning involves three basic steps - determining where you stand today, where you want to be, and the best way to get there.
With A New Approach Financial Planning, the process involves an initial in depth review of your current financial situation and creation of a blueprint, your personal financial plan, which shows you how to achieve your goals and objectives. If you prefer advice on only key issues, as opposed to a complete financial plan, I gladly offer that service. I also offer a retainer service for ongoing advice.
First, I focus on your goals, priorities and values.
For example, enjoying a secure financial future in your retirement years is likely to be one of your most important long term goals. Another goal in life for some people is helping to fund education or leaving a legacy. The next step is an in depth review of your current financial situation including your time horizon and risk ability. Next, a customized plan is developed for you. Finally, to achieve the intended results, I help you implement and monitor your plan. For more details, see my 7 Step Process.
If you are looking for financial peace of mind, you can benefit from working with a good financial advisor.
I serve people of all income levels and from all walks of life - whether the need is to answer one quick question or ongoing financial planning and investment advice. Because I charge on an hourly or project basis, I offer an affordable opportunity for beginners, middle-income Americans, and do-it-yourselfers to get quality financial and investment advice.
Each individual's situation is unique. Someone just starting out may need a detailed, long term plan while someone else already on the road to achieving their goals may need a new strategy, professional insight, or a second opinion of an existing plan. That's why I work to custom tailor my services to meet each individual's needs.
I work with many busy people. I offer several options including face to face, virtual and phone meetings.
Most plans are completed in 2 to 3 weeks. To make the best use of your time, I have streamlined the information gathering process so we can spend the majority of our time together on your financial future.
By choosing an advisor who is paid directly by you, you pay only for the advice you need and receive.
This is independent of any investment purchases you may make. By removing potential conflicts of interest, you can be assured of receiving objective advice that is the best for you. I do not accept commissions, referral fees or third party payments.
Anyone can say that he or she is a financial planner or advisor.
I am a fiduciary to my clients. This is an important question to ask of all advisors you are considering.
Their answer and reasons may provide valuable insight on their approach to their clients.
A fiduciary is a person in a position of trust that is required to place the interests of those they serve above their own. I embrace this role and the responsibility of placing my clients' interests first.
No! Although a comprehensive financial plan yields the greatest benefits.
I also limit my services to your specific needs like investment analysis, cash management and budgeting, retirement plan recommendations, income planning, or college funding - whatever is critical to you right now.
No! A New Approach Financial Planning has no income or investment account minimums for clients.
I can work with you on an hourly basis for as much or as little advice as you require.
I can provide specific investment recommendations appropriate for your situation.
I can also advise you on the suitability of specific financial products such as annuities or other investments.
Yes! I am happy to provide advice to clients who have tax deferred plans through their employer.
Absolutely not! I offer recommendations to meet your needs and objectives, but you are under no obligation to purchase anything.
The extent of my involvement in helping you implement your purchase of a product or investment is up to you. I can help you purchase investments and/or set up your accounts with a third-party custodian such as a discount broker. You can manage your accounts yourself or I will coordinate complete investment management. Since I am not compensated by others, you can be assured that my recommendations are based on what I believe is in your best interests. I take my fiduciary role seriously.
As a financial advisor and investment consultant, I use the following fundamental principles when designing an investment portfolio:
• The purpose of a client's investment portfolio is to fund current and/or future financial goals.
• The design of the portfolio must take into account your financial goals and objectives, time horizon, risk profile, liquidity needs, current income needs, estate planning, taxes and other unique situations.
• The appropriate allocation of investment assets for your goals and risk tolerance is the most important component in developing an investment portfolio. Investments should be allocated among different asset classes to safely maximize returns and lessen risk.
• I believe that a diversified, well-balanced portfolio, combined with affordability and patience, increases the likelihood that you will achieve your long-term financial objectives.
Before I recommend any investment, I consider how this investment fits within your portfolio given your objectives and risk ability.
Next, I consider the current economic conditions and the outlook for the asset class or type of security. For equity investments, I focus primarily on the philosophies, experience and track record of the management team. With fixed income investments, I look for appropriate yield for a given quality of credit and security. As a fiduciary to my clients, I strive to obtain the most appropriate investment vehicles to meet your objectives, while being very conscious of risk exposure and total expenses.
I provide advice on many types of securities, including open and closed end mutual funds, ETFs, stocks, bonds, bank deposits, annuities, limited partnerships and REITs.
I also provide advice on investment vehicles such as 401(k), 403(b), IRAs, Roth IRAs and other retirement programs. If it has to do with money and finances, I can provide counseling and guidance to you.
First, there is no charge for the initial consultation, which will generally take about 45 minutes.
Beyond that, I charge my hourly, fixed project or ongoing retainer fee. Once we agree on specific financial planning or investment services, I will provide you with a written price quote. My price quote is based on the estimated time involved in meeting with you, research, analyzing your situation, developing recommendations, and providing advice.
Yes, with certain limitations.
Section 212 of the Internal Revenue Code permits an itemized deduction for tax and/or investment advice in the miscellaneous section of Schedule A. All combined miscellaneous fees must be greater than 2% of your adjusted gross income in order to be deductible.
Depending on your needs, the engagement may end at this time however, the majority of my clients continue with periodic reviews or ongoing retainer program (see 7 Steps to Success).
Because financial planning is a process, not an event, I recommend periodic reviews to assure you stay on track to your goals.
Call me at 941.927.9590 to schedule an appointment.
There is no charge for the initial consultation, which will generally take about 45 minutes. I ask that you complete my Online Questionnaire or Confidential Financial Questionnaire and FAX or upload it to my secure site before our meeting. At our meeting, we will discuss your financial planning goals and needs. I will explain my services in detail and provide you with a written price quote.