Frequently Asked Questions

How are you paid?

There are two main ways that we are compensated at our firm. The first is through Asset Management fees if we manage any investments for you. This fee is only paid on Assets managed by us through our Custodian TD Ameritrade Institutional and does not apply to employer 401ks or stock plans. We charge a percentage of assets being managed. When the balance of your account increases, we get a pay raise. When the balance of your account goes down, we get a pay cut.

The other fee we charge is a financial planning fee. Most clients renew their financial plan annually, but others pay the planning fee every other year or every 3 years. Each of our client’s financial plan is unique including how often to update the plan. The typical cost of a financial plan at other firms is $2,000-$5,000 but our firm’s average financial planning fee is less than $1,000.

Why work with GoalFusion?

We work for you, our client, and no one else. Most other advisors work for a large company or insurance broker who has set sales goals, pays commissions, and controls what advisors can and cannot do as their employee. Being an employee of a large firm doesn’t make those advisors bad people, but it can create potential conflicts of interest. At GoalFusion Wealth Management, we are a Fiduciary and must always act in your best interest. We do not sell products that generate a commission and we do not sell insurance.

How is our process different?

We begin our process by getting to know you as our client by talking through your dreams and goals and what is most important to you. We want to make sure that our firm aligns with your personal goals and that we would be a good fit to work together. Often we are able to tackle simple items together up front to give you a feel for how we work. After several meetings, we can then make a mutual decision whether to work together for the long-term. During this initial getting to know you process, we do not charge any fees or send you a bill for our time.

What does financial planning entail?

Financial planning can sound very generic so explaining the process is something we do often. The first step is to gather all your important financial documents and account balances to understand your personal situation. This also includes setting your goals like retirement, savings, and financial health. We then go to work to analyze your financial strengths and vulnerabilities and develop financial planning recommendations. We then present those recommendations to you and then assist with putting your financial plan into action. Lastly, we regularly monitor performance of your plan, and you can expect a collaborative partnership throughout the entire process

Do I need to have a minimum amount of money to invest to get started?

• Why work with a CERTIFIED FINANCIAL PLANNER™ Professional?

The CFP® certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold CFP® certification. It is recognized in the United States and a number of other countries for its high standard of professional education, stringent code of conduct and standards of practice and ethical requirements that govern professional engagements with clients.

To attain the right to use the CFP® marks, an individual must satisfactorily fulfill the following requirements:

Complete an advanced college-level course of study addressing broad financial planning areas including investments, social security, insurance, taxes, and estate planning
Attain a Bachelor’s Degree from a regionally accredited United States college or university
Pass the comprehensive CFP® Certification Examination
Complete at least three years of full-time financial planning-related experience
Agree to be bound by CFP® Board’s Standards of Professional Conduct

Individuals who become certified must complete 30 hours of continuing education hours every two years, including two hours on the Code of Ethics and other parts of the Standards of Professional Conduct, to maintain competence and keep up with developments in the financial industry and renew an agreement to be bound by the Standards of Professional Conduct. The Standards prominently require that CFP® professionals provide financial planning services at a fiduciary standard of care. This means CFP® professionals must provide financial planning services in the best interests of their clients.

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