Not just biologically but also in your lifestyle and your financial circumstances. You have a unique financial history with a unique financial perspective. The way your financial world interacts makes you financially unique. How you earn money. How you spend and save. Your financial benefits and assets. And, of course, what you want to do with your money is unique?
So why would you want to be a part of a financial grinding mill that categorizes you, makes you an impersonal number and lumps you inside a production line with standard practices?
For us to accomplish this part of our objective for you, it starts with organizing our structure to minimize and eliminate conflicts of interest. For similar reasons that our founding fathers of the Federal government set up our system of government, Money Concepts is also structured correspondingly. Three pillars of independent entities keep “check” on each other to help ensure accountability and the actions of each are “balanced” with client direction, regulations and ethical standards. The three independent pillars include the following:
In the Money Concepts structure, each of the three entities are totally separate entities and independently act separately in performing particular functions to serve you. By being separate entities, a natural incentive is inherent with each entity to monitor the other two entity’s functions. Each performs their functions to the best of their ability or face significant penalties, banishment or even total failure. Unlike many other financial firms and/or financial advisors, they may internally conduct one or more of the three functions internally under their own control creating conflicts of interest and potential managerial malfeasance.
Each of the three entities has their own corporate management, structure, income, expenses and operating procedures. Yet each entity works together for your benefit and protection.
Striving for the ultimate fiduciary responsibility to you means not having ulterior motives that conflict with doing what is best for you. Money Concepts is not owned or controlled by a financial services company that produces banking, insurance or investment products. We are not publically owned with shareholders, whose interests come before yours. We have no and are not associated with any proprietary financial products. In addition, your Money Concepts financial planner does not indulge in vendor preferences and revenue sharing. Therefore, the recommendations made by your Money Concepts financial planner will be made without any undue influence, prejudice or bias that can occur with other financial advisors, investment brokers, bankers, insurance agents or tax preparers who act on behalf of their company, not you.
Next, Money Concepts believes the best way to act in your best interest is to know your personal financial world as good, or better, than you do. This starts with a personalized, written, and comprehensive financial plan. Five key financial areas constantly interact and change to impact and shape your financial world – money management, tax management, risk management, wealth management and estate management. Money Concepts calls these 5 areas LifeLong Financial Strategies™. Without completely understanding how your strategies affect your financial objectives, our recommendations may only be suitable but not in our best interests.
When making financial recommendations, Money Concepts strives for full disclosure. Compensation is based on mutual agreement and the complexity of involvement with your financial situation. The flexibility in compensation methods through retainers, commissions, fees or hourly rates is on a discretionary basis. Fees, not commissions, may help ensure remuneration is a reflection of performance.
Plus, most of all, your Money Concepts Financial Planner acts only with your specific approval! We are relationship driven, not sales oriented. There are no sales quotas, contests or incentives to pressure you into an inappropriate sale.
To help you protect and grow your financial assets, your Money Concepts Financial Planner is fully licensed and registered with FINRA, the national Financial Industry Regulatory Authority. This means holding a Series 7 license allowing us to offer a wide variety of investment securities (versus a Series 6 which is limited to offering commission based mutual funds). A Series 66 license, or a combination of a Series 63 and 65, which allows us to offer investment advice and fee based compensation (versus just selling you a product). Plus registration with your state insurance department for offering insurance products.
Money Concepts International provides for 30 hours of continuing education (CE) annually to the financial planner, which is twice the industry recommendations. Furthermore, the state insurance department requires 30 more hours every two years, plus certification for annuities and long term care insurance which require additional updating every two years. Also, FINRA, the Financial Industry Regulatory Association, requires securities testing every two years. But that is not all, many financial trade publications and organizations grant CE credit after testing for article content.
On a consistent and regular basis, your Money Concepts financial planner studies and monitors current macro and micro economic and market events and trends. Cyclical and secular bull or bear markets plus leading, lagging and coincident economic indicators that affect your financial situation.
For instance, the Federal Reserve’s FOMC or Federal Open Market Committee reviews economic and financial conditions, determines the appropriate stance of monetary policy, and assesses the risks to its long-run goals of price stability and sustainable economic growth. Also, being aware of new and reoccurring Congressional legislation affecting the economy and markets. Plus the current and changing Internal Revenue Service (IRS) laws and codes that would affect your finances.
Like other reasons for our independent structure, we have access to a multitude of unbiased and non-proprietary resources for financial research and information from virtually all sources, including research and education institutions, investment companies, government and nonprofit organizations plus much more. Because our research is not produced internally, it is not self-serving and without conflicts of interest.
Although we neither own nor are affiliated with other financial product and service firms, Money Concepts represents over 250 different financial companies and over 10,000 products to better match your needs with the right financial product. And if there is a company or product we do not currently represent, we will conduct our due diligence to determine if it is in your best interest to be able to offer the financial product to you. Not all financial companies meet our due diligence scrutiny.
Your Money Concepts financial planning center offers a wide variety of personalized services. For instance banking services like regular bill paying, credit cards, and check writing all directly associated with your personal investment account. Plus you have total access to your Money Concepts financial planner who can provide guidance with house and car leases or purchases, small business financial operations and employee benefits, homeowners insurance and much more. Ask us how we can serve you better.
To help accomplish our main objective, your Money Concepts financial planning center helps you organize and simplify your financial world. Consolidating your financial activity into a single point of contact lessens your time and effort. We can help manage and assist in your banking, investments, insurance, employer benefits, tax / estate planning and more. We coordinate and work together with attorneys, tax professionals, real estate brokers, philanthropic organizations, mortgage brokers, portfolio managers, small business services, etc. Plus by consolidating your financial accounts, you can better manage the activity.
Many financial service organizations have a business model that incentivizes their financial advisors to constantly acquire as many clients as possible. Not your Money Concepts financial planning center! On average, the number of clients served by one Money Concepts financial planner is less than half that of the industry average. We do this so as not to jeopardize the personal, concierge service we provide to help meet our primary objective – to serve you! This allows us to maximize time and availability in serving clients. Firm growth is based on expanding services, growing client assets and adding financial planners as needed.
To be able to make your financial strategic recommendations, your Money Concepts financial planner must be directly involved in personally understanding your entire financial world. This cannot be done if, like many firms, they delegate responsibilities. We do not delegate or outsource the production of your written, personal financial plan. There is not a separate person representing insurance or investments nor accounts and customer service. Your Money Concepts financial planner understands you, so when you call or have an issue, he is knowledgeable in providing answers that are in your best interest.
Direct point of contact is always your Money Concepts financial planner who is immersed in your financial world. You have less people to deal with. Usually, the more you work together, the better the results.
At your Money Concepts financial planning center, we work together on your time schedule which may include evening hours and weekends. Plus a cell phone number is always available for immediate contact.
Clients find great comfort and peace-of-mind in our personalized approach and attention we give to their personal financial planning. Accomplishments are not measured by self-adulation but by what clients have experienced. It's all about you and helping you reach your most important financial goals in life!.
Are you one who has nagging financial issues? Even financial worries? Or definite financial problems? Do you search for more financial information – if you take the time and exert the extra effort which is sparsely available? Granted being more informed financially is always good. But evaluating whether the information you get is accurate, thorough, timely and personally appropriate for your situation may be seriously questionable.
You read all the consumer magazines, hear the media and attend the free-meal financial seminars that thinly disguise their purpose to sell you a product. It’s something like a dog chasing its own tail. You keep going in circles questioning whether what others offer is the right thing but never know for sure. So you keep looking, reading and hoping to find the answer to find your pot of gold. Even though others may emphasize what you want to hear not all that you should hear. Plus you are left to decide if what they say is really appropriate for you.
Please share with us the areas that concern you most?
____ Having adequate cash reserves
____ Managing debt and cash flow
____ Planning for disasters/emergencies
____ Preserving wealth
____ Calculating insurance costs and needs
____ Planning for Special Needs
____ Evaluating long-term care needs
____ Providing for spouse in case of death
____ Projecting income throughout retirement
____ Regularly managing investments
____ Ensuring adequate retirement income
____ Protecting future purchasing power
____ Minimizing federal income taxes
____ Providing for tax advantage investments
____ Structuring future tax benefits
____ Preparing proper wills
____ Minimizing estate taxes
____ Determining wealth transfer strategies
____ Determining Social Security benefits
____ Understanding Medicare and health insurance
____ Managing employer benefits
____ Other _______________________
The first step in developing a sound retirement plan is to have a clear idea of where you stand today. Please complete the assessment below to help determine your financial “feelings.”
Please check one that best describes you
______Need urgent financial care
______Need remedies to improve my retirement concerns
______Would like the “prescription” on how to achieve my retirement goals
______Feel comfortable with current situation, but have a specific need
for a complimentary meeting and an evaluation of your financial situation.