Who is your typical client?

My typical clients are individuals and couples that have saved between $1,000,000-$3,000,000 (NOT INCLUDING REAL ESTATE) and are ready to set themselves up for a better financial future by implementing a holistic retirement plan in their best interest. However, they are not interested in get-rich-quick schemes or looking to buy the next hot stock or fad.  Their current plan consists of a stack of statements and a diversified pie chart. Rather, they are willing to follow a strategic approach to reaching their goals and are open to working with a financial professional that will also serve as an accountability partner.

If I hire you to manage my money, where do you invest it?

I use TD Ameritrade and Schwab as the custodian of your accounts. This means I never have possession of your money. I only have discretion to buy and sell within your accounts. I use  FormulaFolio Investments  to build your portfolios which are customized to you based on your risk tolerance, time horizon, and other pertinent factors.

What does a financial plan consist of?

Most individuals are unfamiliar with how a financial plan is created or what one actually looks like. I value assisting you with developing a financial plan that is transparent, simple and easy to understand. Beginning with where you are today, the MoKan Blueprint will show you immediate recommendations to address concerns and reach your goals. Investments, Income and Retirement Tax Planning all play a major role in how your plan is created.

What does a financial plan cost?

The typical financial plan will vary between $997-$2500. A financial planning contract is filled out and the planning fee is collected upon completion. Managements fees are separate from this one-time financial planning cost.

What is the fiduciary standard?

Fiduciary financial advisors must:

  • Put their clients’ best interests before their own, seeking the best prices and
  • Act in good faith and provide all relevant facts to clients.
  • Avoid conflicts of interest and disclose any potential conflicts of interest to clients.
  • Do their best to ensure the advice they provide is accurate and thorough.
  • Avoid using a client’s assets to benefit themselves, such as purchasing securities for their own account before buying them for a client.

All investment advisors registered with the U.S. Securities and Exchange Commission (SEC) or a state securities regulator must act as fiduciaries. Broker-dealers, stockbrokers and insurance agents are only required to fulfill a suitability obligation. This means that while they must provide suitable recommendations to their clients, they don’t have to put their clients’ interest before their own.