FAQs

Here are some of the most common questions I get asked:

Why is being a CFP® such a big deal?

It’s a big deal because only about 20% of registered financial advisors have earned the right to call themselves a CFP®. When I say earned the right I mean they went through a series of rigurous progams and exams, plus experience qualifications, and ongoing continuing education requirements. And, of those only 23% are women. So, when you do the math, you’ll see there are so few of us that it really is a big deal. I have been a CFP® for more than 20 years.

What happens in the first meeting?

The goal of the complimentary meeting to get to know you better — your goals and challenges. Then we will explore souktions. If I can help, I will let you know and if I can’t I will let you know that as well.

What is a fee-only advisor?

Fee-Only advisors (or planners) are Financial Advisors that have a fiduciary responsibility to act in your best interest. In other words, we work for you.

What is a fiduciary?

A fiduciary is someone who is bound ethically to act in their client’s best interest. They are not compensated on selling a particular product and that reduces the possibilities of conflicts of interest.

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Where would we meet?

I meet with most of my clients virtually on Zoom. I do this for two reasons: (1) the majority of my clients are not local; and (2) money is a stressful topic and I have found that people feel more comfortable in their own environment whether it’s their home of office.

Where can I find the free resources mentioned?

If they are not in the resources section, at the end of each month I send out a links in my newsletter to any resources I have mentioned during the month. If you are new to my community and you missed resources, my newsletter will also have a link to a page where most resources are stored. The first step is joining my newsletter list. Check the footer for a link.

I’m a business owner and I have an accountant, do I really need a financial planner?

It depends. If your only deals with your business finances or things that have happened in the past, then the answer could be yes. My idea of financial planning for business owners is two-fold. First, I can obviously help you with your personal finances, but more importantly because of my business and finance background, I can take a look at how you are managing your money in your business — income, expenses, cash flow, etc. — to see if there are missed opportunities to increase your income and profit margins, reduce your taxes and expenses, and plan proactively to keep more of what you make. If this sounds like something you would like to explore, let’s talk. Click here to schedule a complimentary consultation.

When you say you charge by the hour what does that mean — is the clock always running?

Generally no. Once we understand exactly what you are looking for we can give you a firm quote that will include meetings and our work time in the package. However, if you decide you just want to work with us by the hour, yes the clock will be running in 5 minute increments.

Am I going to be depressed about my finances if I give you all of my information?

I don’t know but what I do know is that a lot of people come to see me because they have a nagging feeling that something is not quite right with their finances and they are stressed out. Once they have a clear picture and a plan to fix any issues — they seem to feel better.

What about fees? How much does it cost to work with you?

PS Worth LLC is a fee-only fiduciary. I’m only paid by you. I don’t make money from product commissions. Also, unlike many financial advisors, I don’t charge a percentage of assets (the “Assets Under Management” fee model). Instead, I charge a flat fee based on the complexity and scope of your financial situation and requested services. And, for business services the same applies unless a specific fee is listed. Once I have an understanding of the type of service you want and the scope and complexity of work, I will be able to quickly provide you with a fee quote.

To learn more, the first step is to schedule a no-obligation introductory meeting.