What exactly is financial planning?
Financial planning is the long-term process of wisely managing your finances so you can achieve your goals and dreams, while learning to prepare for the financial pitfalls that can arise in every stage of life goals. I often remind my clients that it’s not a matter of “if” something will happen, it’s a matter of “when.” Financial planning takes into account that something may happen to affect your finances and helps you prepare for the unknown.
Is financial planning just about investments?
No. People often confuse investment advice with financial planning. An investment advisor specializes in managing your investable assets, the money you’ve saved (and are hopefully growing) to help you meet your future goals. A financial planner will take a broader look across every aspect of your financial life – saving, managing debt and risk, investing, taxes and estate planning, and life insurance – and develop a plan designed to create a lifetime of financial security.
Do you work with men, too?
Yes, of course! Although my practice is designed to serve women specifically, I work with many couples. If you’re in a relationship, it’s very important to engage in financial planning together. It can be empowering to both of you to address the topic of money together. It can also bring a confidence to your relationship because you’ll both become clear on where you stand and where you want to go financially.
I also have several stand-alone male clients who appreciate my down-to-earth approach to financial planning.
Do you work with clients outside of New York?
Yes! I’ve built my business so I can work with people all over the country.
What are your hours?
I recognize that everyone is busy, so I offer evening and weekend hours to make it easier to fit financial planning into your life. My goal is to help you get started and stay on track, and not let pesky things like 9-5 office hours get in the way of your long-term planning agenda.
I am always available via cell phone in case of emergency. If something were to happen, such as a death in the family, it's important for you to know that you can call me to address your financial situation immediately. I'm here for you.
How do you get paid?
Typically, I get paid in 3 ways, none of which involve you having to pay out of pocket to meet with me.
- Assets under management. What does that mean? Well, I typically get paid to manage your money for you. The more money you have in your account (i.e., the more assets you have), the more money I make, so we are both incentivized to see your account balance grow.
- Commissions. For certain kinds of products, such as life insurance or annuities, I make a commission. This is not something you pay me directly. The insurance company with whom I place the business pays the commission to me. The beauty of working in the independent channel is that I don’t have an incentive to place the business with any one carrier. Instead, we select the insurance company that provides the best product or service offering for you.
- Referrals. Referrals are by far the most rewarding way that I get paid. When I have done an outstanding job for my clients, they repay me by introducing me to the important people in their life. Again, it puts us on the same side of the fence - if I am consistently working to exceed your expectations, you will want to introduce me to people you’d like to see benefit from my advice.
If you are not interested in investing or do not need a specific product, but simply want a money life coach, I also offer an hourly rate to tackle things like getting out of debt and budgeting. Contact me for details!
Do you have a minimum asset dollar amount for new clients?
The minimum we can invest is $50. Most people think they need thousands of dollars to work with a planner, but that isn’t the case. In fact, if you don’t have a ton saved just yet, it’s even more important to work with a planner to get started on the right foot. Remember, “The journey of a thousand miles begins with a single step.” - Lao Tzu
How can I work with you?
If you're ready to take your financial life to the next level, request a free discovery session with me today so we can begin the conversation. I've helped hundreds of clients take control of their financial lives and create a life they love using their money, and I'm excited to help you do the same.