How does Onward Financial Advising differ from other financial firms?

At Onward Financial Advising, I differentiate myself through transparency, fiduciary responsibility, and a flexible fee structure designed to meet my clients’ needs. Unlike many advisors who primarily charge based on assets they manage, I primarily charge on an hourly basis. This approach allows me to provide professional financial advice without the constraints of asset-based fees.

As a fiduciary, I am committed to acting in your best interest at all times. This commitment extends to advising on all aspects of your financial situation, including optimizing employer retirement accounts and offering comprehensive financial planning services. Whether you’re seeking a second opinion on your investments or looking for expert guidance as a DIYer, my hourly rates enable me to deliver personalized advice that aligns with your specific financial goals and circumstances.

What is a fiduciary?

A fiduciary is a financial advisor who is legally obligated to act in your best interest at all times. This means they must prioritize your financial well-being ahead of their own interests. Fiduciaries are held to the highest standard of conduct, ensuring transparency, honesty, and loyalty in their financial recommendations and decisions. At Onward Financial Advising, I adhere to fiduciary standards rigorously, providing you with peace of mind knowing that my advice is always aligned with your goals and objectives.

What does Onward Financial Advising specialize in?

At Onward Financial Advising, I specialize in helping mid-career professionals and families achieve financial security and build wealth for future generations. I offer personalized financial planning services that include retirement planning, investment management, tax strategies, and more.

When and how do you meet with clients?

At Onward Financial Advising, I prioritize flexibility and convenience for my clients. I offer a range of meeting options, including local consultations, virtual appointments via video conferencing, and phone meetings. These flexible options allow me to connect with you whenever and wherever is most convenient, ensuring that distance or scheduling conflicts don’t hinder our communication.

What can I expect during an initial consultation?

During your initial consultation, we will get to know each other, discuss your financial goals and concerns, and review my services and fee structure. This meeting sets the stage for developing a customized financial plan that addresses your unique needs.

How often will I meet with my financial advisor?

The frequency of meetings with me depends on the type of engagement you choose. For project-based financial planning services, meetings typically conclude upon delivery of your comprehensive financial plan. During this period, we will ensure all aspects of your financial situation are thoroughly reviewed and addressed.

If you opt for ongoing financial planning services, we conduct regular quarterly meetings. These meetings are integral to monitoring your progress towards your financial goals, adjusting strategies as needed, and ensuring that your financial plan remains aligned with your evolving life circumstances.

What is your fee structure?

At Onward Financial Advising, I offer transparent and flexible fee structures tailored to your financial planning needs. I primarily operate on an hourly basis of $275 per hour, ensuring unbiased advice without asset-based conflicts of interest.

For project-based financial planning, my fees range from $1,375 to $11,000, depending on the complexity of the engagement. My ongoing financial planning service involves a quarterly fee ranging from $825 to $1,650, which allows for regular updates and support.

For investment management, my fees are based on assets under management and are assessed monthly.

Does Onward Financial Advising manage investments directly?

Yes, I provide direct management of investments for clients who opt for ongoing financial planning. I also collaborate with trusted third-party managers to ensure your investment strategy aligns with your financial goals.

How does Onward Financial Advising handle confidentiality and security of my financial information?

Confidentiality and security are fundamental at Onward Financial Advising. I adhere to strict privacy policies and utilize secure technologies to protect your sensitive financial information. Your trust and confidentiality at all times are critical to our client-advisor relationship.

How does Onward Financial Advising approach risk management in financial planning?

At Onward Financial Advising, I learn about your risk tolerance and incorporate appropriate risk management strategies tailored to your financial goals. I assess various risks, such as market volatility and life events, to develop a comprehensive plan that will safeguard your financial future.