What is holistic financial planning?
We look at the big picture and consider all aspects of your life, not just investments. Check out our Iceberg Diagram for more details.
We’ll look at income, assets, liabilities, insurance, etc., but the real focus of what we do is help you identify and start planning your life goals. Prepare for retirement, buy a second home, plan for a child’s education, travel the world — we help you look long term and build a financial plan to help guide you in your decisions.
Here’s a brief explanation of what a comprehensive financial plan involves:
- A thorough review of your current financial situation.
- A discussion and understanding of long-term goals.
- Developing and presenting financial planning recommendations.
- Always monitoring and adjusting the plan as life happen.
Who will I work with on your team?
When you become part of the Eagle Wealth Management family, we’ll consider your needs, personality and stage of your financial life when selecting a team to support you. Your team will include a financial planner, a client service associate, as well as operational and administrative support. We work collectively and any team member will jump in with his/her expertise whenever it is needed. Learn more about us.
How often will we meet?
We'll meet quite a few times the first six months of our relationship, depending on the complexity of planning involved. We get to know each other pretty well through during this process and it's the foundation of our long-term relationship. Then, after your holistic financial plan is implemented and running smoothly, we meet at least annually to proactively update your plan.
It's during life's everyday changes and surprises where you may discover you need us the most, and it's where our expertise help you evaluate and simplify your decisions. Never hesitate to call us or schedule a meeting to discuss special circumstances such as retirement, real estate purchases, inheritances, tax planning, etc. We're here to help.
And of course you can expect to hear from us through our weekly emails, special market updates, monthly market videos, educational seminars, and our annual client appreciation event.
What if I don’t live in Central Oregon?
We're based in Bend, Oregon, but we use technology to offer the same great service to out-of-state clients. With our easy-to-use video conferencing, we share our computer screen with you to review financial plans, answer questions, and connect.
What about all the paperwork? With a few clicks of a button we send and receive documents through a secure electronic “vault” in your own personal financial website. Sometimes we need old fashioned signatures on paper, but often we can use electronic signatures if you prefer.
In addition to video and teleconferences, we hold in-person meetings in Bend OR, Portland OR, Ashland OR, San Diego CA, and the San Francisco Bay Area CA. Don’t hesitate to contact us — we know how to make long distance relationships work,
What is a fiduciary and are your advisors fiduciaries?
Bear with us as we give you a legal explanation, but this is very important. A fiduciary has the power and responsibility of acting for another in situations requiring trust, good faith and honesty. A fiduciary duty is the highest standard of care and by law it requires always acting in your clients’ best interest.
For us, it’s a no-brainer to do what's right for people. So yes, we absolutely are fiduciaries and will always put you first..
Bottom line: We choose people over profits.
Are you accepting new clients and do you have a minimum account size?
Yes, we are accepting new clients and no, we do not have a specific minimum account size. It's really about whether we're a good fit for each other, and if you've reached a point in your financial life where you would benefit from our holistic planning. If you're not sure, just call us and let's start a conversation. We're easy to talk to and are here to help.
What should I expect at my introductory meeting?
Our introductory meeting gives us a chance to learn more about you, discover some of your goals and priorities, answer questions about our process, and discuss what next steps are best for you. Since most of our relationships are lifelong, and often multi-generational, it's important all of us feel this is the right strategic fit. Maybe we’re a good fit, maybe not. Either way, we want to help and at least get you headed in the right direction.
What to bring. . . well that’s up to you! No pressure from us. If you have specific questions, feel free to bring statements and information on the items most on your mind. Here are some examples:
- Statements for bank, investment, and retirement accounts
- Pension information
- Social Security estimated benefit statements
- Tax return
- Mortgage documents
- Insurance policy information
- Pay stubs
What is a CERTIFIED FINANCIAL PLANNER professional and why does it matter?
CERTIFIED FINANCIAL PLANNERTM professionals have completed extensive training, experience requirements, and are held to high ethical standards. A CFP® professional must always act in their client’s best interest and are obligated to practice integrity, objectivity, competence, fairness, confidentiality, professionalism, and diligence. They help you bring all the pieces of your financial life together. You can count on a CFP® professional to have completed the following:
- Education - a bachelor’s degree and completed a comprehensive course which covers a personal financial planning curriculum approved by the CFP® board. In addition, a CFP® professional must complete continuing education based on professional competency and ethics.
- Examination - passed a rigorous test administered by the Certified Financial Planner Board of Standards.
- Experience - at least three years of hands on experience in the financial planning process.
What is a Family CFO?
Isn't it just like life that as you become more successful, your finances become more complex? That's why we're here, to make sense of it all so you can get on with enjoying life.
As your Family Chief Financial Officer, we partner with you to help organize and coordinate all your wealth strategies. We consult directly with you and your other trusted advisors to ensure everyone is following your master financial plan. We're here to make your life easier, to help you make sense of a complex financial world and to give you peace of mind.
How are you paid?
Our compensation is fee based, which means we’re paid a percentage fee based on the assets we manage for you. This is important because it means any decision we make on your accounts does not result in an extra fee or commission for us. Instead, our advisors are paid salaries, which means their income is not influenced by the recommendations they make for your plan. We are fiduciaries and we will always look after your best interest. That’s what being a fiduciary is all about — putting you first.
How will my assets be invested?
We’re firm believers that every investment should serve a purpose. We first and foremost start by focusing on your values-driven intentions that support your desired lifestyle. Once we’re in agreement of what’s most important to you, we’ll implement tax-efficient investment and distribution strategies across a well-diversified portfolio that meet your specific needs.
How can I monitor my investments?
We'll create a personalized financial website for you that provides an up-to-date snapshot of your financial life and is the main platform for ongoing financial reviews. With 24/7 access, this interactive tool helps organize all your accounts and monitor your holistic financial plan. Read more about our Wealthview software.
Can I continue working with my current tax preparer or attorney?
Absolutely. As your Family Chief Financial Officer, we don’t replace your tax preparer or attorney, but we do partner with them and other professionals to help organize and coordinate all your wealth strategies. With your permission of course, we’ll consult directly with your trusted professionals to ensure everyone is following your holistic financial plan. Let us do the busy work organizing everyone. Go enjoy life instead.