FAQs
- What should the customer know about your pricing (e.g., discounts, fees)?
The fee for my advice is structured differently depending upon what you desire my help with. In a typical scenario, you might pay me an annual fee in return for my advice and assistance regarding all things financial in your life throughout the year (budget, risk management and tax as well as the accumulation, growth and transfer of your familys wealth). In another scenario you might pay a project based fee to assist you with setting up investment accounts, establish asset allocations and establish well diversified portfolios to minimize risk and maximize return. The fee would be based on a predetermined number of hours to complete the project at an hourly rate of between $75 to $100 per hour. Still another scenario might involve a fee determined as a percentage of the investment management assets I am advising on. In this case, my fee is usually 1% of assets under management.
- What types of customers have you worked with?
Assist small business owners with setting up simple, effective, efficient and cost effective retirement plans designed to fund their retirement while managing tax liability.
- What advice would you give a customer looking to hire a provider in your area of work?
12 Questions to Ask a Prospective Financial Adviser: 1. Are you licensed as a stockbroker, insurance agent, or investment adviser? 2. How are you compensated? 3. What costs will I incur in addition to your compensation? 4. What are your services? 5. What is your investment methodology? 6. Do you personally own the same investments youll be recommending to me? 7. What kind of people do you usually work with? 8. How long have you been in this business? 9. Do you have a clean regulatory record? 10. Do I have to sign a contract? 11. Why did you choose this work? 12. Why should I choose you?