How do we get you from where you are now to where you ultimately want your life to be?
Big Picture Financial Planning
Empathy & Transparency
At FWM, we pride ourselves in being experts who listen. Too often, experts feel the need to demonstrate their knowledge, when the true power in knowledge is using it in a way that maximizes the utility for those we serve. That is why ranked in our list of values as a firm, empathy comes first. If we don’t spend our time with you listening to you, listening to your goals, dreams, and worries, then we are not serving you in a way that will lead you to financial wellness. Empathy is our guiding value.
Part of creating a space where you feel properly served is making sure you understand what our services cost and how we get paid. That is why we choose to list this on our website along with discussing it when we meet. Relationships without transparency are relationships without trust.
We work under an assets under management cost structure. We have chosen this structure because it aligns our incentives (both you and the firm are happy as your assets appreciate in value and unhappy when they decline) and we limit our conflicts of interest (we don’t get paid more to sell you one investment over another, we simply are compensated for our ongoing advice). If both you and our team determine that we are the right fit for each other, depending on the services we will provide, our annual cost ranges from 1.5% to 0.6% of assets under management.
This covers financial planning, insurance planning, investment planning, retirement planning, tax & estate plan document organization, risk management, investment management, budgeting, and other issues related to personal financial planning. The underlying investments (mutual funds, ETFs, etc.) contain their own additional costs; we do not have a conflict of interest and do not receive additional compensation based on the mutual funds and ETFs we recommend. There are no transaction fees. Fee structure is subject to change with notice. Current clients can refer to the costs listed on their applications and addendums. Because our goals are to serve our clients at the highest level and share the power of financial planning with those who need it, we also can discuss planning fees if you do not yet have assets to manage.