Safe Landing Financial is a planning company that offers financial planning, retirement planning, investment management, social security optimization, tax planning, insurance planning, and estate planning. They focus on minimizing taxes, optimizing investments, and ensuring that their client’s money lasts through retirement. They aim to aid their clients in navigating the financial marketplace.
WorthPointe is a financial planning firm that specializes in custom solutions uniquely designed for each client’s needs. They provide an app called WorthPointe 360, a dashboard that allows you to monitor your investments, accounts, insurance policies, credit cards, and other important documents in a real time setting. It is also mobile enabled for mobility purposes.
Hamilton Financial Planning is a certified financial planner in Austin and Houston Texas. They specialize in helping baby boomers and retirees in creating a comprehensive financial plan and investment management that aligns with their values, visions and goals. Their aim is to simplify the complexities of the financial realm and aid in every decision making.
DESMO Wealth Advisors, LLC is an Austin, TX fee-only financial advisor and CFP providing financial planning, retirement planning for individuals age 50 and above, and investment management services. Founded by Massimiliano (“Massi”) De Santis with over 18 years of experience, who is also a Ph.D. economist and CFP professional specializing in financial planning and behavioral economics.
REAP Financial Group is a financial advisory firm that offers retirement services, comprehensive investment to estate planning, wealth management, tax mitigation, strategic charitable planning, efficient tax planning, asset protection, educational planning for heirs, and everything in between with regards to financial needs. As their way of giving back, here are some of the foundations they support: Safe Place and Make-a-Wish.
ATX Portfolio Advisors is an independent fee-only financial planning and registered investment advisor firm located in Austin, TX. They promote transparency in doing their business and can show you their accountable portfolios and pricing lists. Their services include accountable wealth management, insurance planning and risk management, employee benefits planning, estate planning, and retirement planning.
Stone Wealth Management is an independent fee-only investment advisory and fiduciary firm established by Morgan Stone in 2004 in Austin, TX. Their services cover wealth preservation, protection & transfer, diversified cost effective investment strategies, retirement and cash flow planning, saving for college assistance, and insurance planning. They serve executives and professionals, and women and public sector employees.
Prominent Financial Planning, LLC is financial firm managed by Garret M. Prom, a fee-only certified financial planner located in Austin, TX. With the belief that financial goals are more likely to be achieved when planned young, he specializes in working with generation X and Y or otherwise known as millennials.
Austin First Financial Inc. is a financial planning firm founded in September 1997 by Scott Campbell who is currently the standing president. They aim to provide information and guidance to clients in hopes of aiding them in smart investment and grow their savings in preparation for retirement. They also feature adult education classes for their clients.
Mercer Advisors is a financial planning firm in Austin, Texas that is composed of certified financial planner professionals, investment strategists, CPA’s, and estate planning attorneys. Their services include wealth management services, spanning investment management, retirement planning, estate planning, corporate trusts, and tax planning and preparation. They were the Winner of the Private Asset Management Awards 2020.
Gap Financial Services is a financial, investment, and retirement planning firm in Austin and Boerne Texas. Unlike most planning firms, they can cater to any individual with no regards to financial status. Their services include providing independent investment management and fee-only financial planning that is tailored to meet the needs of a client.
Archer Investment Management is a planning and investment management firm located in Austin, Texas that has been in service for the last 12 years. Their services include social security maximization, financial risk assessment, employee benefits review, detailed executive compensation planning, retirement planning, socially responsible investments options, enhanced cash management services, and low cost, tax-efficient investments.
Legacy One Financial Advisors is a fee-only, SEC registered financial planning and investment firm that has been in service for more than 20 years. They aim to help their clients achieve their financial goals by providing a customized and transparent planning. Their services include wealth management services with a diversified financial plan that is risk-adjusted.
Austin Private Wealth is an independent, fee-only advisory firm that has been in service for nearly 10 years. Their team of certified financial planner professionals are recognized for their unbiased recommendations, no commissions or referral fees policy, and in their transparency in what they are charging. They offer financial planning and investment management.
Austin Wealth Management is a fee-only financial advisory firm that advocates a no sales pitch, just education policy. They provide clients with knowledge to make important decisions with regards to their finances and how these decisions can impact their future financial status. Their services include giving advisories in financial security and on building wealth.
The Art of Finance is a fiduciary and fee-only financial advisory firm and was created by a couple named Philip Olson and Julia Lorenz Olson in 2015. They have catered to tech industry designers, massage therapists, writers, podcasters, festival runners, and CFOs. Most of them were ages between 25-45 who had different income structure.
Southwest Retirement Advisors is a financial planning and investment advisory firm in Austin, Texas. Their services include advisories on investment management, income planning, gift and estate planning, and risk management. As a way to give back, they volunteer and provide financial support to non-profit organizations in the Austin area like Central Texas Food Bank and Center for Child Protection.
Astoria Strategic Wealth is a financial advisors firm that provides fee-only, fiduciary, financial planning and investment management services in Austin, TX and the surrounding areas. They cater to retirees or near retirees, mid-career professionals, and young professionals. You can expect them to be available within 24 hours, whether by phone calls or emails.
Meridian Wealth Advisors is an independent planning and advisory firm in Austin, TX dedicated in providing a comprehensive and objective financial plans that is solely in the best interests of their clients. They cater to individuals and families, entrepreneurs, professionals, corporate executives, retirees, charitable organizations, endowment funds, and private foundations.
Palermo Wealth Management is fee-only registered investment advisory firm that specializes in personalized financial planning and ongoing asset management. Unlike other financial advisory firms, they do not have an account minimum criteria before they accept a client. They believe that every individual has the right to a competent, affordable, and professional advice.
Maxwell Locke & Ritter LLP is the largest locally-owned and managed CPA firm in the greater Austin area who offers audits, tax services, due diligence services, IT security and compliance, wealth management, and SOC examinations. They cater mostly to individuals, families, business owners, and nonprofit organizations. In addition to Austin, they also have an office in Round Rock.
The particular cost tends to depend on the range of services your chosen financial planner offers you, as well as their experience. Nevertheless, thorough financial planning can cost anything from $2100 to $11,000 each year.
Financial Advisors come in 3 basic flavours:
Transactional Advisors/Brokers/Insurance Agents charge clients a percentage or fixed amount for each purchase (and, in the case of stocks, bonds, or options, each sale, as well).
Financial Advisors who charge a fixed dollar amount to provide advice: for example, a financial or retirement plan, an asset allocation or an inheritance, tax, or succession plan. These Advisors have no asset minimum.
Investment Advisors (aka, Wrap-fee advisors, Fiduciary Advisors, Asset Fee-Based Advisors) both Advise and also Invest the money. They charge a fee that is a percentage of the assets under management. Typically, minimums are $100–200k, but maybe as high as $500k or a Million.
Given that there are over 100 certifications available to those in the financial industry, the CFP certification certainly stands out. For one, to be a CFP, one must be a fiduciary. This means that every CFP must put the needs of their clients ahead of their own. It can be surprising to learn that the majority of financial professionals are not required by law to do this and it is for this reason that the CFP and the CFP board unique and important entities where consumer protections are mentioned.
It means that your financial planner follows the fiduciary standard. This is a standard that means your financial planner puts your best interests ahead of their own. For example, if your financial planner has two similar investment products with varying fees, your financial planner that is also a fiduciary would have no choice but to recommend the investment product that has the lower cost to you, even if that means they would make less money from it. It is a standard that is great for you, the client and not necessarily for the financial planner.
What it simply means is that:
Generally, any professional that is able to help you take care of your money is to be considered a financial advisor. However, a financial planner is a financial advisor working within a specific niche known as financial planning. If your goal is to have a program that helps you achieve your long-term financial goals, then a financial planner would be the go-to professional.
The role of a financial planner is to provide expert assistance and advice in order to help you reach any financial goals you have set for yourself. These goals typically depend on your needs and your situation. A financial planner is able to help you with saving and budgeting, investing, debt reduction, estate planning, insurance, retirement, and tax optimisation.
Accreditation and certification
When talking to someone about your money and financial future, it is imperative that you know the person you aim to work with is actually qualified for the job. It is important to note that whilst accreditation is a wonderful sign, it does not guarantee that the individual is a great financial planner. This is why you ask for referrals and references.
Every financial planner comes with their own unique pay structure, so you have to select the one that helps determine if an investment was smart as it was intended to be. Generally, you want to avoid working with financial planners on a commission basis. They are likely to think more about their commission than meeting your needs.
Listen out for questions
A great way to ascertain the ethics of your chosen financial planner is to just listen to them while they speak. Additionally, you will want to pay attention to how many questions they ask you. Given that all financial situations and goals are different, there isn’t a cookie-cutter option. It is best to steer clear of financial planners that say otherwise.
Conduct a background check
Given the peculiarity of the relationship, there will have to be a fair amount of trust and transparency for your relationship with the financial planner to be successful. This is where you will want to learn more about their background. Find out if they have ever been investigated by an investment regulatory body or have been convicted for a crime.
There are quite a number of questions to ask a financial planner when you first meet them, however, the most important question is one that you pose to yourself; you have to know what you want in an advisor. Try to discover the type of services you will require and how much you are willing to pay for those services. Thinking about these questions will help you determine what questions to ask before hiring a financial planner. Below are the questions you should ask when hiring a financial planner: