What is financial planning?

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.

How do you create this blueprint (financial plan)?

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.

How can a financial advisor help me?

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 am very busy – how long will the financial planning process take?

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.

Why is a working with an objective financial planner or advisor important?

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.

What should I know about choosing a financial planner or advisor?

Anyone can say that he or she is a financial planner or advisor.

That's why it's essential to be sure of the qualifications and credentials of any "planner" or "advisor" before you sign anything or entrust them with your financial matters. I am a fiduciary and a Certified Financial Planner™ professional. As a fiduciary, I am legally obligated to put your best interests first. I have completed extensive training, a rigorous exam, and am committed to maintaining my qualifications. I am an independently registered investment advisor. Please review my Advisor Disclosure, Privacy Policy and Code of Ethics.

Are you a Fiduciary? Just what is a Fiduciary?

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.

Do you provide just comprehensive financial planning?

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.

What if I only want investment advice?

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.

If I use you to develop a financial plan, am I obligated to purchase any products?

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.

What is your firm’s investment philosophy?

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.

Read more ...

How do you select individual investments for a client?

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.

For what types of securities and investments do you provide advice?

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.

How do you charge for your financial advisory services?

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.

Are your fees tax deductible?

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.

How do we get started?

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.

16 June 2017
Bradenton Herald Articles
A friendly warning: Don’t unknowingly give your property to the state.Common law in the United States includes a process in which unclaimed property is turned over to states. The intent of this process, called escheatment, was to ensure that property...
24 April 2017
Bradenton Herald Articles
With the 2016 federal tax return filing deadline of April 18 – yes, that is correct – rapidly approaching, let’s talk about how you can use your tax forms to improve your finances.Before you file away your 2016 tax forms, spend a few minutes to see h...
15 March 2017
Bradenton Herald Articles
When investing and managing your money, you must consider and deal with a number of potential risks. These include general market moves, individual company, interest rate, inflation, default, political, currency, liquidity, volatility and others.Some...
11 December 2016
Bradenton Herald Articles
Everyone should own bonds or bond-like investments, though you might ask why would anyone want to own bonds at this time. Interest rates are going up and the math says the financial value of bonds will decrease. The value in owning bonds is...