Financial Planning can be integrated and comprehensive, where all elements of your financial affairs (like retirement planning, investments, insurance and college funding) are brought together into a coordinated, cohesive plan. Or, it can be very specific, focusing just on a single issue of importance or concern to you. In either case, financial planning is a multi-step process that provides you with two important deliverables. First, an in-depth review of your current situation (either comprehensive or specific, depending on your planning objective) and secondly, a road map that provides clear direction on how to achieve your planning goal(s). It is important to remember that financial planning is a dynamic process, not a single, one-time event. The economy, your planning objectives and earned income can all change, necessitating a revisit of the road map.
Any individual, couple or family seeking financial advice can benefit from our services. As a member of the Garrett Planning Network, we have taken a pledge to offer our services to all persons, regardless of their income or assets. We welcome clients who simply want a one-time financial review or are interested in a second opinion before making a major financial decision. Equally welcome are those persons who are seeking ongoing financial coaching and plan monitoring over a longer period of time.
Our Financial Planning fees are determined on a project basis. The total fee for a financial plan will vary from client to client based on the specific needs and complexity of the situation. An estimate is provided after the free Get Acquainted Meeting, when your current personal needs are fully identified. My hourly fee is $135 and most of our full plans range from $1,485 to $2,160. Smaller projects may be lower cost and more complex plans may be above this range.
Do you offer your services to businesses that would like to provide objective investment advice to their employees?
Any organization (profit or non-profit) wanting to provide unbiased, conflict of interest free advice and financial education to their employees can benefit from our services. We can also provide financial advice and coaching to rank and file employees and/or senior executives on a retainer basis. Your employees will appreciate the fact that you have engaged an independent, fee-only firm, thus eliminating the possibility of sales pressure related to product sales or bundled services. Call us for details (910) 867-8464.
Fee-Only financial planners are paid only by their clients. They never receive any commissions, sales incentives, bonuses or special perks paid by insurance companies or other financial service entities for selling their products. Stalwart Financial Planning is a true Fee-Only financial planning firm. Knowing this, you can approach us with the full knowledge that we will be bringing recommendations that are in your best interest only. You do not have to worry that we will need to “sell you something” in order to be paid for providing you advice.
We will advise you on financial products such as investments and insurance, but we do not sell them or receive any benefit from their sale. We can recommend ethical and competent insurance agents to assist you in addressing an insurance need, or we can help you to secure coverage through the services of a no or low-load Internet-based insurance company. We can also assist you in establishing a brokerage account at a discount broker (Fidelity, Scottrade, Vanguard, Schwab, T.D. Ameritrade, and etc.). We can provide minimal or full support in helping you create an online brokerage account. For more information on this service, call (910) 867-8464.
Our fees are based on the time we spend meeting with you, either in-person or over the phone, researching and analyzing your situation, and formulating our recommendations that are specific to your situation. Before you hire us, we will always provide you with a written quote of the full cost of the engagement. We fully disclose all of our fees. We offer an initial consultation, up to one hour, that is complimentary to prospective clients. Following the delivery of our financial plan, if you have questions or need clarification on anything we recommend, please feel free to give us a call. We will not bill for modest amounts of additional time spent during the 30-day period after we present our recommendations to you. We realize that our plan must be understood by you to secure the necessary emotional ownership required for full implementation.
For a complete description of the financial planning services offered by Stalwart Financial Planning, review our services.
The following principles and convictions will inform the investment recommendations that we present to our clients:
- The asset allocation decision will be the most significant factor in determining your long-term investment performance. Asset allocation refers to the way you divide your investments between stocks, bonds and cash. We believe that there is a direct correlation between risk and return- i.e. investors receive a “risk premium” in the form of higher returns for choosing investments that carry greater risk.
- We believe that investing in stocks requires a time horizon of at least five years or longer. Investors who will need access to their funds within five years should not be in the stock market. As we experienced from 2000-2009, stocks are capable of delivering 0% returns for an entire decade.
- We do not believe in market timing, which is a strategy that seeks to move in and out of the market (bond or stock) in anticipation of either upward or downward market movements. Few (if any) investment professionals have, over a long period of time, demonstrated their ability to consistently add value beyond a “buy and hold” strategy. We believe in controlling risk through a prudent asset allocation strategy, not by attempting to “time the market”.
- We believe that there is a role for both active and passive investing strategies. To clarify, “active” management is an investment approach where fund managers choose securities based on research, judgment and financial analysis. “Passive” management is a buy-and-hold strategy that seeks to provide broad market exposure and typically tries to replicate the returns of a designated index (like the S&P 500). Passive investors make no attempt to exclude or include a stock in their portfolio based on criteria used by active managers. For many investors, we recommend a “Core + Satellite” investing model. Conventional wisdom holds that the purpose of core portfolio holdings has been to harness the long-term appreciation potential of traditional assets such as large-company stocks and high-quality bonds. The goal of asset allocation has been to strike a balance between these two low correlation asset classes that optimizes their risk-adjusted returns. However, following the economic crisis of 2008-early 2009, we believe that there are three key factors that need to be considered in constructing the core portion of investors’ portfolios. These factors are: historically high volatility, historically low interest rates, and renewed awareness of the potential for historical correlations to break down. In this environment, traditional holdings – especially long-only stocks- may be too volatile for many investors, especially those nearing or in retirement. We believe that post-crisis core portfolios may benefit from some revisions to traditional asset allocation, and believe that hedged equity, global fixed income and risk-managed alternative investments may be more appropriate for many investors
- We believe that fees and expenses have a very negative impact on our client’s wealth over a long period of time. For example, if two investors with $100,000 are able to earn an average of 9% per year over a 20-year time period, but one investor chooses higher cost investments that assess an extra 1% per year in fees, the investor with the higher costs will have $94,345 LESS at the end of the 20-year period. Expenses and fees must be carefully managed.
- We believe in Sustainable Investing. Sustainable Investing is the full integration of environmental, social and governance (ESG) factors into investment analysis and decision making. By combining rigorous financial analysis with equally rigorous ESG analysis, we believe that it is possible to identify better-managed companies that:
– Are leaders in their industries
– Are more forward-thinking
– Are better at managing risk
– Are better at managing risk
– Meet positive standards of corporate responsibility
– Focus on the long-term
- We believe that companies with superior sustainability performance are also better long-term investments. By investing in these companies, we intend for our clients to benefit from their vision and success
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 on your Federal Income tax return. It is currently subject to a 2 percent floor of adjusted gross income.
The “7 Steps” approach was designed to clearly communicate the way that we work our clients and to clarify the roles and responsibilities of the financial planner and the client. Review a detailed description “7 Steps” process.
Call us at (910) 867-8464 or e-mail us at info@StalwartPlanning.com to schedule an introductory meeting. We offer a no-fee, no obligation “Get Acquainted” meeting, either by phone or in our office. Our office is located at 4200 Morganton Road, Suite 200, Fayetteville, NC.
How much savings will I realize from hiring a Fee-Only Financial Planner to assist me with Self-Directed Portfolio Management?
Although an investment advisory fee of 1% of assets under management may seem like a modest price to pay for investment management, when compounded over time, this “modest” fee can add up to some very large sums of money. Please review the “Comparative Cost Analysis of Investment Management” that illustrates the cost savings that can accrue to those investors who are willing, with professional guidance from a fee-only financial planner, to take more control and involvement in managing their investments. Please call us with any questions at (910) 867-8464.
For additional questions about our company or services offered, contact us at (910) 867-8464, or send us a message.