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Cash Flow Planning
Understanding what’s coming in, and what’s going out… we provide a written financial plan to help you reach all your goals before and through retirement.
Learn moreFiduciary Fee-Only Investment Advisors providing a white-glove service to clients throughout the United States
How We Help
Comprehensive financial planning is a health plan for your financial situation and it goes far beyond Wealth/Investment Management. Comprehensive financial planning involves a detailed review and analysis of all facets of your financial situation.
Understanding what’s coming in, and what’s going out… we provide a written financial plan to help you reach all your goals before and through retirement.
Learn moreWe help our working clients determine how much income they will need to retire without the fear of running out of money, along with Social Security optimization, Medicare planning and HSA accounts. For those already IN retirement…we help them maximize their existing nest egg.
Learn moreIf you became incapacitated or passed away, who would manage or distribute your estate? These questions along with many others can and should definitively be determined by YOU, not the government.
Learn moreGood insurance and bad insurance…we help our clients understand the difference. Additionally, as our clients get closer to retirement, proper portfolio rebalancing can drastically lower risk and reduce volatility, creating a smoother glide path into their retirement years.
Learn moreWorking with Fischer Investment Strategies
At FIS, we realize that every client has different goals and a unique set of financial circumstances. Our mission for every client is simple: to provide the highest expected rate of return, with the least amount of risk based on the client’s situation, using a low-cost, globally diversified and tax-efficient portfolio.
During our complementary initial Discovery Meeting, we gather information that allows us to create a financial plan. From this foundation, we are able to provide financial planning, asset protection, risk management, tax planning, investment management, retirement planning and estate planning.
Understanding your financial goals is essential for us to help you establish a clear path to reaching them.
After understanding our client’s goals, we create a low-cost, globally-diversified portfolio that aligns with the client’s assessed risk tolerance, and then we monitor and rebalance the portfolio as needed to maintain the appropriate risk level throughout our client’s investment horizon.
We understand priorities and goals can change, so we like to meet with our clients at least one or two times per year to keep their financial plan current and on track.
The Fiduciary Standard
How can a Fee-based (AKA: Commission-based) advisor operate as a true fiduciary when their clients are likely limited to an investment menu that first-serves the advisor’s wallet or company, or both instead of the client?
There is a difference between “FEE-ONLY” and “FEE-BASED”. Fischer Investment Strategies is a NAPFA Certified Fee-Only firm.
"Of the roughly 285,000 professionals in the U.S. who offer clients financial advice, fewer than 2% are fee-only advisors who follow a true fiduciary standard that prohibits commissions on products recommended to clients and legally requires the advisers to always put their clients’ interests first."
Excerpt from this Wall Street Journal article."When you hire a fee-only fiduciary investment adviser to manage your investments, develop a financial plan, or both, you alone are paying a financial professional who is legally and professionally committed to acting solely in your best interests — otherwise known as the fiduciary standard. They don’t get paid by investment or insurance companies to sell their products."
Excerpt from this Kiplinger article."Fee-only financial planners are registered investment advisors with a fiduciary responsibility to act in their clients' best interest. They do not accept any fees or compensation based on product sales. Fee-only advisors have fewer inherent conflicts of interest, and they generally provide more comprehensive advice."
Excerpt from this Forbes article.“The time I want somebody to hire a commissioned salesperson or a traditional stockbroker to handle their investments is never, never, never, not ever,” Clark says. “The danger to you is so great when you hire someone who’s not a fiduciary, who’s not legally bound to put your interests first, that it’s like going in reverse with investing.”
Excerpt from this Clark.com article.Our Branches
Work with honest, caring people you can share a laugh with while mapping out your financial future. In addition to providing sound investment advice, we will help you create a comprehensive financial plan to maximize the probability of success in reaching all your financial goals over the entire span of your life.
Financial advisors offer a wide range of services designed to assist individuals and organizations in managing their financial health and achieving their financial goals. Some of the primary services provided by financial advisors include:
Specific services a financial advisor offers can vary based on their qualifications, areas of specialization, and the nature of their practice. Furthermore, not all financial advisors are fiduciaries, which means they might not be legally obligated to act in the client’s best interest. Therefore, when selecting a financial advisor, it’s essential to understand their credentials, the scope of their services, and their fiduciary status.
A financial advisor is considered a fiduciary when they are legally and ethically required to act in the best interests of their client. This means putting the client’s needs and financial goals above their own financial interests or those of their firm. It also involves a commitment to providing advice and recommendations that are grounded in professional expertise and thorough analysis. In practical terms, when a financial advisor is acting as a fiduciary, they adhere to the following principles:
In terms of specific circumstances when a financial advisor must act as a fiduciary, here are a few instances:
The distinction between “fee-only” and “fee-based” financial advisors is critical for clients to understand, as it can influence the advisor’s recommendations and overall approach to financial planning. Here are the primary differences:
2. Potential for Conflicts of Interest:
3. Fiduciary Duty:
4. Professional Affiliations:
While both fee-only and fee-based financial advisors can provide valuable services, it’s crucial for clients to understand the compensation model and potential biases that might influence the advice they receive. Clients should always feel empowered to ask their advisors about their compensation structure, potential conflicts of interest, and fiduciary status.
Finding the right financial advisor is a critical step in managing your financial health and securing your financial future. The following are structured steps to guide you through the process:
Determine Your Financial Needs:
Ask for Recommendations:
Check Credentials:
Research Potential Advisors:
Understand the Fee Structure:
Interview Multiple Advisors:
Check References:
Discuss Communication:
Evaluate Compatibility:
Clarify Their Fiduciary Status:
Stay Engaged:
Remember, the right financial advisor should provide value through expertise, align with your financial goals, and establish a relationship built on trust and clear communication.
A Certified Financial Planner® (CFP®) is a professional who has met the stringent education, examination, experience, and ethical requirements set forth by the Certified Financial Planner® Board of Standards, Inc. (CFP® Board). The designation represents a high standard of knowledge and expertise in the field of financial planning. Here’s a detailed look at the CFP® designation and what it represents:
Education:
Examination:
Experience:
Ethics and Conduct:
Continuing Education:
The CFP® designation is recognized internationally and is often considered a gold standard in the financial planning profession. When you see a professional with the CFP® designation, it signifies that they have achieved and maintain a level of competency, ethics, and professionalism appropriate for providing comprehensive financial planning services to clients.
When considering or selecting a financial advisor, it’s crucial to ask a series of probing questions to ensure they are the right fit for your financial situation and goals. Here are some important questions to pose:
Background and Qualifications:
Services and Specialties:
Compensation and Fees:
Investment Approach and Philosophy:
Fiduciary and Ethical Standards:
Client-advisor Relationship:
Performance and Reporting:
Availability and Continuity:
Client References:
Other Services and Network:
Contact us today to understand more about the white-glove service we provide to clients across the United States as their Fiduciary Fee-Only Investment Advisors.