Sedona Arizona

FAQs

Here are some of our more frequently asked questions… and their answers. Learn more about our services.

What services do you provide as a fee-only financial advisor?

Our advisory services follow the seven key areas of financial planning. All seven areas are like a great spaghetti dish – they are ingredients that give tasty outcomes when working together.

The seven areas are:

Net worth – efficient strategies for what you own and what you owe, where your assets are located and how are they owned/held.

Cash flow – how and when is income received and outflows paid; think of this as less budgeting and more like managing the cash flow of a business entity.

Risk management – what is your risk exposure, how are you protected, what risks should be transferred to insurance coverage, and which risks can be self-managed (life, health, disability, personal and professional liability, long-term care, home and auto, etc.).

Investing – making the best possible use of your investable assets, aligned with your financial purpose and Risk Number®, and building the right investment strategy to fund what’s most important to you at the right time. This may also include company sponsored plans (401k, 403b, 457, etc), real estate, and other types of investments.

Tax planning – if you are investing, receiving income, acquiring assets of any kind, there is a tax implication involved. While we are not a CPA firm and are not licensed to give tax advice, we help with tax strategy in collaboration with your CPA.

Retirement planning – the word “retirement” can mean something different to everyone…. what does it mean to you? Whatever it is, we’ll define your vision and consistent steps needed to help you reach your “there.”

Estate planning – you’ll spend you whole life saving and acquiring things, so let’s plan for how your legacy reaches those you care about in the most efficient way. While we are not attorneys, we help with estate planning strategy in collaboration with estate planning professionals.

Do you offer a free consultation?

Yes. This meeting is offered by phone, virtual, or in person and is by appointment. You don’t need to bring any paperwork, fill out a long questionnaire, or sit through a sales presentation. This is an interactive meeting, so come prepared for a great conversation.

If you’re ready to get started, schedule your free consultation here.

What does it mean to be a fiduciary?

The fiduciary standard, established in 1940, requires advisors to prioritize their clients’ interests. Recommendations must be the best for the client, regardless of how it affects the advisor’s income. Advisors may also follow the suitability standard, but it may not place your best interest first. Always ask your advisor which standard they follow consistently.

Ask your advisor which standard they operate under. They should consistently operate under one standard or the other, but not both.

How is working with a CFP® professional different than other financial advisors?

CFP® professionals understand the responsibility of guiding your financial future and choose to be held to a higher standard of ethics and behavior. To earn this designation, CFP® professionals undergo lengthy experience and education requirements, as well as a thorough ethics and background check.

You can learn more about the CFP® certification and requirements here.

Do you earn commissions selling financial products, like annuities or insurance?

No.

Certain financial tools like insurance and annuities may be recommended as part of your overall wealth management strategy. Should these fit your needs, we will provide solutions that are provided specifically for fee only advisors and their clients.

As a fee only wealth management firm, we are paid directly by our clients and do not earn commissions for product sales or referrals. Learn more about our fees here.

Where will my investment assets be held?

Assets for clients of Life Moves Wealth Management are held at Charles Schwab, our chosen custodian. There are lots of options for custodians; Click here to see why we believe this platform is currently the right fit for clients of Life Moves Wealth Management.

I do not live in Scottsdale, or Arizona for that matter. Can I still work with you?

Yes! In fact, we already serve clients in multiple states. Life Moves Wealth Management is currently registered with the States of Arizona, Indiana, and in other jurisdictions where exempted.

Do you hold meetings by phone? Virtual? In person?

All of these meeting formats are available. When scheduling, we make it easy for your to choose the best format, day, and time for us to meet.

How often will we meet?

For most clients, we will meet 2-3 times per year. Our clients are busy people, so we have invested in great technology to update financial progress on demand, via mobile app and web portal. We also provide a proactive a brief monthly financial health vitals check-up.

Do you have a minimum?

Great question! We do not require a minimum investment level.

We know most business owners have their net worth tied up in their business. We also know most business professionals primarily save to company-sponsored retirement plans. Traditionally, this means you may not have access to quality financial advice.

Rather than waiting for you to have “enough” money, we’d rather be part of your financial journey.

How do I pay you?

Our fees are paid directly by our clients, generally on a monthly basis. With written authorization, fees may be debited directly from investment accounts we manage, and/or as an ACH arrangement from a suitable outside account. We will decide the best arrangement for you during our onboarding process.

Have a question that isn’t covered here?

Please contact us to send your question or schedule time to discuss.

The National Association of Personal Financial Advisors
The Society of Advice

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