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FAQs and Resources

Important Questions You May Have In Mind

Is there an asset minimum?

We generally have an asset minimum of $300k. However, we will assist our client’s family members regardless of asset size. 

Do you meet with clients virtually?

Absolutely. Whether you have retired to a different country or simply prefer to not deal with crosstown traffic, we gladly meet virtually via Zoom, with secure video discussions and screen sharing capabilities.

What do you charge?

We charge an inclusive fee that is a percentage of assets under management. There are no separate charges for planning or consultations.  

Are you a fiduciary?

Yes. We are professionally and legally obligated to act in your best interest. This seems like common sense (we all hope the people helping us invest our money are acting in our best interest) however, not everyone in our industry is a fiduciary. Many brokers and insurance agents work for a commission and can recommend products that may not be in your best interest.

What is a CFP®?

A CERTIFIED FINANCIAL PLANNER™ (CFP®) professional is an individual that is authorized to use the CFP® certification marks by the CFP Board. CERTIFIED FINANCIAL PLANNER™ (CFP®) professionals must first acquire the knowledge required to deliver professional, competent and ethical financial planning services to clients. Additionally, they must pass a comprehensive certification examination, complete three years of professional financial planning experience and adhere to the high standards of ethics and practice outlined in the CFP Board’s Standards of Professional Conduct.

CFP® professionals are also required to complete 30 hours of continuing education every two years, including two hours of ethics education. CFP® professionals providing financial planning services must also abide by a fiduciary standard, meaning they must in good faith act in the best interest of the client.

How often do we meet?

Typically, the onboarding process involves four meetings. The first allows us to get to know each other and determine if we are a good fit. During the second meeting, we will develop and review your financial plan. The third meeting consists of reviewing and developing your investment policy. The fourth meeting typically takes place 60 days later and reviews the status of the earlier action items.

From there, clients typically meet with us on a quarterly, semi-annual or annual basis depending on their individual preferences. In addition to scheduled meetings, clients are strongly encouraged to contact us at any time they have questions or encounter a situation that needs immediate attention.

In between meetings clients will receive regular status updates, event invitations and newsletters.  

What do I need to bring to the first meeting?

Prior to the initial meeting, we will send a checklist of items to consider gathering, a link to our wealth management system and a link for securely sending any documents you wish to have reviewed in advance.

If this is our first meeting and you are trying to get a feel for who we are and whether we will be a fit, no preliminary information is required. However, during our discussion, we will try to get a sense of your goals and expectations.

Do you prepare taxes?

We do not prepare tax returns. However, we develop tax strategies as part of our financial planning process and will work closely with your tax preparer to make sure everything is properly accounted for. If you do not currently have a tax preparer, we can help provide referrals.

Can you help me with a will?

We do not prepare any of your estate tax documents. However, we develop estate strategies as part of our financial planning process and will work closely with your estate attorney to make sure everything is properly accounted for. If you do not currently have an estate attorney, we can help provide referrals.

Do you sell insurance or annuities?

While some of our employees may be licensed to sell insurance in Texas, we do not sell insurance to our clients in order to avoid conflicts of interest. However, we develop risk mitigation strategies as part of our financial planning process and will work closely with your insurance professional to make sure everything is properly covered. If you do not currently have an insurance specialist, we can help provide referrals.

Can you help my kids and grandkids get started?

Absolutely. One of our favorite charts shows two investors. One invests $5000 / year from age 20 to 30 and never again. The other invests nothing from age 20 – 30 and then invests $5000 / year every year thereafter until retirement. Because of the power of compounding, the one that never invested a penny beyond age 30 still has more money.  

In other words, we are passionate about getting future generations on the right track with good financial behaviors.

To that end, we will work with your family members to get them set up with a proper financial plan and get their money invested in an account which we can help them manage. If they just need help with budgeting and managing student loans, we can work with them on that as well.

What if I’m not in the energy or petrochemical industry?

Not a problem. We have plenty of clients in other industries and often, in two-income households it is common for one family member to be in the energy or petrochemical sector and the other to be involved in something completely different. As comprehensive financial planners, we are able to accommodate nearly every planning scenario regardless of which industry you are retiring from.

What does my financial plan look like?

We do not believe there is value in lengthy, static, financial planning reports that are obsolete a moment after they are printed. Instead, we’ve built wealth management portals that aggregate our client’s financial life and update daily. We then generate and stress test scenarios, make changes as necessary and develop contingency plans to prepare for an array of outcomes.

For clients that prefer paper reports as opposed to digital portals, our planning deliverables will be shorter, more specific to your concerns and focused on action items.

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