FAQ

We can be either depending on your needs and what you’re looking for! Some clients only want us to build a comprehensive Financial Plan, so we’re Fee-Only (in its truest sense) and might not manage any Investment or Insurance products for them. Others might not be ready for an actual financial plan yet but want help with Investments and/or Insurance. Oftentimes clients want us to both build the plan and help them implement it. Either way, it’s up to you!

On the Investment front, that depends on the dollar amount, account type, and the money managers, platforms and styles that we might, together, choose to utilize. We’ll definitely discuss all of those details once we get to know your situation, needs, style and preferences. If clients want to pursue an actual Comprehensive Financial Plan, we charge a flat fee based on the complexity of the client’s situation, to engage our planning department (Spectrum Strategies) to work with them for a 12 month period. Included in this is the creation of your personal eMoney site, entering in your data and lifestyle goals, helping link your accounts, testing What-If decisions, the creation of and working through a Priority Checklist, and an Annual Review at the end of the 12 months to discuss the improvements you’ve made. After that, we just discuss what level of service the client might want going forward to determine if there’s an ongoing fee-for-service.

In my role as a Financial Advisor, depending on the product or service being provided, I have oversight through my broker/dealer and its full-time compliance officer, the SEC, FINRA (Financial Industry Regulatory Authority) and the State of Texas.