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| Wealth Planning & Management, LLC. |
- How long has Wealth Planning & Management been in business?
- Do I have to pay for the first interview? How much does a planner
typically charge?
- Are your fees deductible?
- Can you take my money?
- What are all those letters behind your name? CFP®, ChFC, CEA®
- Do you guarantee returns?
- What is your financial planning process?
- How do you create this Roadmap?
- What is "Fee-Only" financial planning and why should that be important
to me?
- I have already accumulated substantial assets and think I am doing
quite well. But as I progress things seem to be getting more
complicated. I want to be sure I am on track, but I don’t always have the
time or inclination to manage the myriad details by myself. Can you help
me?
- I have not come across a firm quite like yours before. What type of
company is Wealth Planning & Management LLC?
- Why do you have a minimum quarterly fee?
- How can I get started?
How long has Wealth Planning & Management been in business?
WP&M was started in 1997 by former brokerage firm account executives
who wanted a new business model: discretionary, fee-only money
management.
(Back to Top)
Do I have to pay for the first interview? How much does a planner
typically charge?
Like other professionals, the rates financial planners charge depend on their
experience, geographic location, level of services and your needs. Interview
more than one planner to get an idea of the going rate for financial planning
services. Please see our fees under the Fee Schedule page on our site.
(Back to Top)
Are your fees deductible?
IRS Code Section 212 states that investment advisory and financial planning
fees incurred may be deductible. We encourage our clients to ask their
accountant or CPA about the deductibility of fees.
(Back to Top)
Can you take my money?
No. TD Ameritrade Institutional custodies your portfolio. As custodians they
have implemented safeguards to protect you and your financial assets. For
example:
Any money leaving your account will only be sent by the custodian directly to
your address of record and in your name. Your address cannot be changed
without your written consent, and the Institutional Service Team verifies
your signature matches the one they have on file for such a request;
Any money transferred out of your account (with the exception of the firm’s
investment management fees) may only be transferred into an account with
the exact same registration. For example, an account in the name of John
and Jane Doe may only transfer to another account in the exact name of
John and Jane Doe.
Custodians retain on file a copy of the Firm’s most current Form ADV.
Attempts to debit your account for investment management fees
substantially in excess of the norm are immediately flagged as an excessive
percentage of your portfolio and validated with an appropriate reason only
(in the case of client fees for several accounts being taken from one account
for example).
(Back to Top)
What are all those letters behind your name? CFP®, ChFC, CEA®
They’re all professional credentials.
CFP ® - CERTIFIED FINANCIAL PLANNER™ - This designation is achieved
through the CERTIFIED FINANCIAL PLANNER™ Board of Standards and
requires two years of coursework study in financial planning and related
financial areas, as well as a comprehensive two day test and agreement to
an oath of ethics.
ChFC - Chartered Financial Consultant – This designation is achieved
through the American College and requires a total of 8 courses of study
primarily in estate and insurance planning, as well as comprehensive testing
and agreement to an oath of ethics.
course and comprehensive testing in the area of estate planning & asset
protection.
protection.
(Back to Top)
Do you guarantee returns?
No. We absolutely do not guarantee returns whatsoever. Rather we put
together solid and focused financial and retirement plans for our clients
designed to help them achieve their goals. Financial and investment
planning is more of an art than it is a science, and we cannot predict the
future nor guarantee returns in any form.
(Back to Top)
What is your financial planning process?
Financial planning is a multi-step process that provides you with two
important things: (1) An in-depth review of your current financial situation,
and (2) a roadmap that shows you how to achieve your goals and
objectives for the future. At Wealth Planning & Management, LLC , the
financial planning process consists of six distinct steps. It is important to
remember that financial planning is a process . . . not an event.
(Back to Top)
How do you create this Roadmap?
First, we focus on your goals, objectives, priorities and values. For instance:
the reduction of current and future income taxes may be an immediate goal,
funding a quality education for your children and/or grandchildren may be an
intermediate goal, and enjoying a secure financial future in your retirement
years is likely to be one of your most important long-term goals. Another
great goal in life for some people is creating wealth and/or leaving a legacy
for your chosen beneficiaries or charities. You may already be on the road to
meeting these objectives and simply need a new strategy, professional
insight, or to fine-tune your plan. You may just be starting out, or you may
be somewhere in between. Whatever your unique situation may be,
everyone needs a periodic assessment of where they are on the road to
meeting their financial goals.
That’s why we do an in-depth review of your current financial situation.
Next, you need to know how you can set about achieving (or continue
working toward) your financial goals. By focusing on cash flow, investments,
taxes, pensions and retirement plans, estate planning, insurance issues,
savings opportunities and other general financial matters, we design a
customized financial plan for you. Finally, to achieve the intended results,
you must implement and monitor your plan. We can assist you with this as
well.
(Back to Top)
What is "Fee-Only" financial planning and why should that be important
to me?
Because we are Fee-Only financial planners, all conflicts of interest regarding
compensation are removed. We do not accept sales commissions; we work
solely for our clients. Because we do not sell financial products such as
investments and insurance, there are no third-party relationships or outside
influences to color our thinking and financial recommendations.
In addition, our firm is a Registered Investment Advisor (RIA); as such, we
must comply with a host of regulations designed to protect the consumer.
One important question you should always ask when considering a financial
planner’s services: ''May I please have a copy of your ADV Part II?'' This
document contains important information about the planner’s qualifications,
fiduciary duties, history of any past violations, etc. We would be happy to
send you a copy of our ADV Part II. Please contact us to request your copy.
(Back to Top)
I have already accumulated substantial assets and think I am doing quite
well. But as I progress things seem to be getting more complicated. I
want to be sure I am on track, but I don’t always have the time or
inclination to manage the myriad details by myself. Can you help me?
Yes. People who need more sophisticated financial planning or advice will
find our services appealing and beneficial. If you have a desire to simplify
your financial affairs, our Ongoing Client Program may be right for you.
(Back to Top)
I have not come across a firm quite like yours before, what type of
company is Wealth Planning & Management LLC?
Candidly, there are very few firms like Wealth Planning & Management LLC.
We intentionally developed a professional firm that is uniquely suited to help
people live successfully in the new era that is unfolding. Traditional
approaches just can’t respond effectively to today’s realities and demands.
So, we have condensed the best concepts offered by financial planners,
family offices, trust companies, and investment firms to create a new
concept. In essence, we help people clearly define the life they truly wish to
live, capture and highly-focus the significant untapped potential that already
exists in one’s life and business, then provide the support and coordination
that produces freedom, peace-of-mind, and well-being.
(Back to Top)
Why do you have a minimum quarterly fee?
When you work with Wealth Planning & Management LLC, you will work
directly with Paul Coan, CFP®, ChFC, CEA and/or John Guy CFP. They both
possess substantial experience, knowledge, and credentials to work for
each and every client equally. Rather than providing smaller clients the
disservice of a lower level and quality of service as most other financial
advisors do - They provide every client the same attention to detail and
excellent planning services. An average new client relationship takes
approximately 15 to 20 hours of meetings, consultations, reviews, and
behind the scenes planning and preparation - and that's just the first few
months of a relationship!
The $500 quarterly client minimum fee ensures we can continue to provide
each and every client of Wealth Planning & Management LLC, the same high
standard of excellence in financial advice, personal service, attention to
detail and overall quality relationship.
(Back to Top)
How can I get started?
The first step is an initial inquiry from You. Call us at 317-577-4426 or email
us by clicking here: mail to us here. We offer an initial no-cost, no-
obligation - Get Acquainted Meeting. Should you decide to engage our
services, we can discuss which of our services and client tracks is
appropriate for you.
(Back to Top)
WP&M was started in 1997 by former brokerage firm account executives
who wanted a new business model: discretionary, fee-only money
management.
(Back to Top)
Do I have to pay for the first interview? How much does a planner
typically charge?
Like other professionals, the rates financial planners charge depend on their
experience, geographic location, level of services and your needs. Interview
more than one planner to get an idea of the going rate for financial planning
services. Please see our fees under the Fee Schedule page on our site.
(Back to Top)
Are your fees deductible?
IRS Code Section 212 states that investment advisory and financial planning
fees incurred may be deductible. We encourage our clients to ask their
accountant or CPA about the deductibility of fees.
(Back to Top)
Can you take my money?
No. TD Ameritrade Institutional custodies your portfolio. As custodians they
have implemented safeguards to protect you and your financial assets. For
example:
Any money leaving your account will only be sent by the custodian directly to
your address of record and in your name. Your address cannot be changed
without your written consent, and the Institutional Service Team verifies
your signature matches the one they have on file for such a request;
Any money transferred out of your account (with the exception of the firm’s
investment management fees) may only be transferred into an account with
the exact same registration. For example, an account in the name of John
and Jane Doe may only transfer to another account in the exact name of
John and Jane Doe.
Custodians retain on file a copy of the Firm’s most current Form ADV.
Attempts to debit your account for investment management fees
substantially in excess of the norm are immediately flagged as an excessive
percentage of your portfolio and validated with an appropriate reason only
(in the case of client fees for several accounts being taken from one account
for example).
(Back to Top)
What are all those letters behind your name? CFP®, ChFC, CEA®
They’re all professional credentials.
CFP ® - CERTIFIED FINANCIAL PLANNER™ - This designation is achieved
through the CERTIFIED FINANCIAL PLANNER™ Board of Standards and
requires two years of coursework study in financial planning and related
financial areas, as well as a comprehensive two day test and agreement to
an oath of ethics.
ChFC - Chartered Financial Consultant – This designation is achieved
through the American College and requires a total of 8 courses of study
primarily in estate and insurance planning, as well as comprehensive testing
and agreement to an oath of ethics.
course and comprehensive testing in the area of estate planning & asset
protection.
protection.
(Back to Top)
Do you guarantee returns?
No. We absolutely do not guarantee returns whatsoever. Rather we put
together solid and focused financial and retirement plans for our clients
designed to help them achieve their goals. Financial and investment
planning is more of an art than it is a science, and we cannot predict the
future nor guarantee returns in any form.
(Back to Top)
What is your financial planning process?
Financial planning is a multi-step process that provides you with two
important things: (1) An in-depth review of your current financial situation,
and (2) a roadmap that shows you how to achieve your goals and
objectives for the future. At Wealth Planning & Management, LLC , the
financial planning process consists of six distinct steps. It is important to
remember that financial planning is a process . . . not an event.
(Back to Top)
How do you create this Roadmap?
First, we focus on your goals, objectives, priorities and values. For instance:
the reduction of current and future income taxes may be an immediate goal,
funding a quality education for your children and/or grandchildren may be an
intermediate goal, and enjoying a secure financial future in your retirement
years is likely to be one of your most important long-term goals. Another
great goal in life for some people is creating wealth and/or leaving a legacy
for your chosen beneficiaries or charities. You may already be on the road to
meeting these objectives and simply need a new strategy, professional
insight, or to fine-tune your plan. You may just be starting out, or you may
be somewhere in between. Whatever your unique situation may be,
everyone needs a periodic assessment of where they are on the road to
meeting their financial goals.
That’s why we do an in-depth review of your current financial situation.
Next, you need to know how you can set about achieving (or continue
working toward) your financial goals. By focusing on cash flow, investments,
taxes, pensions and retirement plans, estate planning, insurance issues,
savings opportunities and other general financial matters, we design a
customized financial plan for you. Finally, to achieve the intended results,
you must implement and monitor your plan. We can assist you with this as
well.
(Back to Top)
What is "Fee-Only" financial planning and why should that be important
to me?
Because we are Fee-Only financial planners, all conflicts of interest regarding
compensation are removed. We do not accept sales commissions; we work
solely for our clients. Because we do not sell financial products such as
investments and insurance, there are no third-party relationships or outside
influences to color our thinking and financial recommendations.
In addition, our firm is a Registered Investment Advisor (RIA); as such, we
must comply with a host of regulations designed to protect the consumer.
One important question you should always ask when considering a financial
planner’s services: ''May I please have a copy of your ADV Part II?'' This
document contains important information about the planner’s qualifications,
fiduciary duties, history of any past violations, etc. We would be happy to
send you a copy of our ADV Part II. Please contact us to request your copy.
(Back to Top)
I have already accumulated substantial assets and think I am doing quite
well. But as I progress things seem to be getting more complicated. I
want to be sure I am on track, but I don’t always have the time or
inclination to manage the myriad details by myself. Can you help me?
Yes. People who need more sophisticated financial planning or advice will
find our services appealing and beneficial. If you have a desire to simplify
your financial affairs, our Ongoing Client Program may be right for you.
(Back to Top)
I have not come across a firm quite like yours before, what type of
company is Wealth Planning & Management LLC?
Candidly, there are very few firms like Wealth Planning & Management LLC.
We intentionally developed a professional firm that is uniquely suited to help
people live successfully in the new era that is unfolding. Traditional
approaches just can’t respond effectively to today’s realities and demands.
So, we have condensed the best concepts offered by financial planners,
family offices, trust companies, and investment firms to create a new
concept. In essence, we help people clearly define the life they truly wish to
live, capture and highly-focus the significant untapped potential that already
exists in one’s life and business, then provide the support and coordination
that produces freedom, peace-of-mind, and well-being.
(Back to Top)
Why do you have a minimum quarterly fee?
When you work with Wealth Planning & Management LLC, you will work
directly with Paul Coan, CFP®, ChFC, CEA and/or John Guy CFP. They both
possess substantial experience, knowledge, and credentials to work for
each and every client equally. Rather than providing smaller clients the
disservice of a lower level and quality of service as most other financial
advisors do - They provide every client the same attention to detail and
excellent planning services. An average new client relationship takes
approximately 15 to 20 hours of meetings, consultations, reviews, and
behind the scenes planning and preparation - and that's just the first few
months of a relationship!
The $500 quarterly client minimum fee ensures we can continue to provide
each and every client of Wealth Planning & Management LLC, the same high
standard of excellence in financial advice, personal service, attention to
detail and overall quality relationship.
(Back to Top)
How can I get started?
The first step is an initial inquiry from You. Call us at 317-577-4426 or email
us by clicking here: mail to us here. We offer an initial no-cost, no-
obligation - Get Acquainted Meeting. Should you decide to engage our
services, we can discuss which of our services and client tracks is
appropriate for you.
(Back to Top)
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We Find a Way