Here are nine reasons why you should consider working with us. We might turn out to be a good fit for your needs.
Financial planning should be an ongoing conversation because life and external factors continue to change. You might want to switch jobs, spend more money, take care of a family member, or adjust your retirement plans. You could be hit with rising tax rates, volatile markets, and unexpected health events. All of these things can happen at any time and without warning which is why it is important to continuously review and update your plan with a trusted advisor. We have designed a structured process to review client financial plans each year and when life events happen so you can sleep well at night knowing you are on track.
Taxes are a crucial part of the planning process that is often ignored. We help you manage your tax situation by adjusting where you save or withdraw money each year, fine-tuning how your portfolio is invested based on each account's tax status, implementing strategic charitable giving strategies, and converting pre-tax funds to Roth when optimal.
We will review your previous year's tax return and, when informed of changes, seek to identify possible tax savings opportunities.
To us, every client is unique. You may approach us in the middle of a life event such as retirement, a job change, or the birth of a child. Either way, a good life doesn't plan itself. We are here to help you define and achieve actionable targets each step of the way. This is why we like to review financial plans with our clients every year.
Unfortunately, our industry is filled with advisors who recommend similar portfolios to dissimilar clients, all in the name of keeping things simple. We see many of the same investment vehicles (such as high-cost mutual funds) and asset allocation plans implemented by other advisors regardless of client circumstances. We do not believe in following the herd. We are not incentivized to "sell" a certain strategy or product for a commission. Each client portfolio is customized to match the personal financial plan and risk profile of the client.
The financial services industry does not require stringent educational and licensing requirements before allowing someone to call themselves a financial advisor. Regardless, our team is committed to continuing education and gaining practical knowledge to improve our clients' lives. We are active students of the financial services industry who have worked hard alongside one another to earn the CFP® certification, CFA® Charter, Ph.D., and other professional designations and degrees. Our firm financially supports all continuing education for employees.
Fiduciary is a term that has recently been grabbing headlines in the financial media but is nothing new to us. In 1974, we became one of Virginia's first firms to register as an RIA (Registered Investment Advisor). RIAs owe a fiduciary duty to their clients which means that they must place their clients' interests ahead of their own.
We understand no two clients are the same. Hence, we tailor each financial plan to your needs. We not only focus on the big picture, such as retirement, but also help you quantify the smaller decisions that add up over time. Whether it is the purchase of a new car, a job change, home remodel, or an expensive vacation, we will help you understand how those decisions impact your future and provide you peace of mind knowing you are making these decisions with the eye on the ultimate prize—financial independence.
An issue many consumers have with financial advisors is the feeling of being "sold" something. We have been advising clients professionally for many decades. We do not think it is appropriate to suggest any solutions or changes to what you already have until we have created your plan and informed you of your options.
Suggesting portfolio changes before a plan is put in place is counter-productive when done without understanding the total picture.
Many other advisors are compensated primarily on sales activity and transaction volume, which incentivizes them to continuously add clients even if they do not have the capacity to service them properly. Our advisory teams are limited to working with a manageable number of clients to deliver personalized service and be there when you need us.