First, we listen.
Financial planning–especially for retirement– is a process, and a partnership, not just a document.
We are fiduciaries. Therefore, we want to know what is most important to you before we can begin your plan. Once we understand what you are trying to achieve and what you require, we then can help organize, analyze, and implement a clear written plan.
We typically work in three meetings. There is no charge for initial meetings to determine how we can be of service. Once you become a client, you will never be charged for meetings and review. We are your life partner in building, growing, and protecting your money. You will find that we are family people and that we focus on you and your needs:
- Meeting #1: Discovery. Here we get to know each other and determine if there is a basis to continue. If we both feel we are right for each other, we schedule our next meeting.
- Meeting #2: Specifics. In this meeting, we will refresh and review what we learned in Meeting #1. We will then make sure we have gotten all of your big questions out on the table, and answered them satisfactorily. It is then time to illustrate and review our recommendations for you in detail. The goal is to eliminate waste, reduce risk, WHILE increasing income, and helping you gain confidence for the future. Here you will see how the Smarter Bucketing strategy allocates your money, and exactly which assets are recommended. You may feel ready to begin your plan here.
- Meeting #3: Implementation and final review. At this point, we have made sure that we have addressed every aspect of a financial plan that you understand. It needs to be clear plan with desired outcomes. Our goal is to focus on the safety of your capital, the preservation of your core capital of your retirement income for life, and the quality of your investments. Here is where we typically begin opening accounts.
We know that trust is earned… not simply given. We also know that the best way to “predict” the future is to create it.
That’s why we strive to listen more than we talk. Because your ultimate goal is a worry-free retirement that does not break down, we work to identify both the strengths and weaknesses of your current plan. We want to know specifically what you are looking to change and what an ideal plan would look like for you. We then demonstrate how the IQ Wealth Smarter Bucketing® Plan may better meet your needs and can lead to the attainment of your goals.
There is no charge for an initial consultation and mutually agreed-to follow-up meetings.
Fees and Compensation
There is no charge for a written financial plan when you become a client of IQ Wealth. Your plan will involve investments, annuities, and or insurance products. When you use IQ Wealth for those solutions, we reciprocate by waiving fees for planning. There are no advisor fees on annuities. Investments under management at Fidelity are all inclusive “wrap arrangements” (no additional fees of any kind.)
Annuities: 0% Advisor Fees
With insurance and annuity products, we are compensated by the insurance company that we agree to use to further your plan. We are not contractually bound to any one insurance company. Your annuity balance is not reduced by our compensation. We provide a valuable service to the many insurance carriers we represent by paying for all of our overhead and promotion. Without agents in the field, insurance companies would not survive. Agents save the insurance company many dollars in promotion and overhead. We act as an independent “manufacturer’s rep.” As a client of ours , you pay no management fee or advisor fee on annuities and life insurance. There are no upfront fees–100% of your money goes to work for you on day one.
Fee-based Investment Management
All investment assets are held in custody at Fidelity Institutional. Fees for investments under management: 0.95% for portfolios under $500,000 l 0.85% for portfolios from $500,000 to $999,999 l .75% for portfolios of $1,000,000+. The fee for professional management is all-inclusive and covers all costs of trading and transactions. It is a blanket fee known in the industry as a “wrap” fee. Every aspect of your investment experience is covered by one simple fee. There are no commissions. When you do better, we do better.
Tax planning and preparation
We can work with your tax preparer or make the appropriate referral from our list of approved CPAs
Estate Planning, Trusts, Wills, and Legal Document Preparation
We can work with your attorney or make the appropriate referral.
While our firm, advisors and strategic partners may be members of organizations or may appear on a media outlet periodically, no endorsement is accepted or implied. We encourage and require that clients and prospective clients make financial decisions based on the merits of each individual aspect of direct and personal advice and the offering, not on other factors. Only upon a personal and in-depth review can we discover what recommendations are suitable for you. No financial recommendations for any one individual are every made or implied from our radio program. We can only make recommendations based your personal circumstances, age, risk tolerance, and time horizon for income.
Annuities are insurance-based financial vehicles designed not for growth but for income preservation and sustainability. Annuities are not FDIC insured and may have surrender charges for a period of time. Generally, a partial withdrawal of 5 to 10 percent is allowed annually, penalty free. The annuities we recommend waive all surrender charges upon death. All guarantees rely on the financial strength and claims paying ability of the issuing insurer. At IQ Wealth, our policy is to require at least 100 years of successful track records and strong ratings for any insurance company we recommend.
Income riders are a means to enhance the income benefits provided by the underlying annuity contract. A discussion regarding whether an annuity would meet your needs and objectives should take place, before deciding if an income rider is appropriate.