THE SOLUTION

We’ve built Integrity Wealth Management to address these three major problems (for a recap, view THE PROBLEM).

 

SOLUTION #1

Conflicted advice

We believe the solution for minimizing conflicts is simple- always act in a fiduciary relationship (see FIDUCIARY).  It’s for this reason that we are licensed as Investment Advisors, but do not work with a broker-dealer, as our clients always come first.

ADVISOR LICENSE CHECK provides a database of all past and present advisors in the United States, listing whether they are licensed as a Broker, Investment Advisor, or both and also if the advisor in question has ever had any disciplinary action.

The following is an example of what you would see (advisor name and firm removed).  This particular advisor has one disclosure of a client complaint, of which you could see more details by clicking on the yellow tab.  The concerning part is being dual-licensed as both an Investment Advisor AND as a Broker.  The good news is that with the above search option, it’s easy to discern how advisors are licensed. 

SOLUTION #2

Outdated Method for Determining Fees

We believe that an ongoing flat-fee (also referred to as a retainer fee) makes the most sense for retirees.  This model is priced in a simple, straightforward way- based on the amount of time and education required to provide our clients with top-notch financial planning and investment management.  We have “trimmed the fat” of unnecessary expenses, middlemen, and anything that doesn’t provide our clients with value in return.

Additionally, a continuous relationship is important since retirees will have financial decisions on an ongoing basis, year after year.  Life is fluid and always changing.  Gone are the days that you walk out of an advisor’s office with a binder stuffed 2 inches with a financial plan, never to be looked at again.  Planning needs to integrate with Social Security, Medicare, taxes and new laws, changes to your life, RMD’s, income location and much more!

SOLUTION #3

Understanding All-In Fees and Their Impact

As the saying goes, knowledge is power!  We believe that understanding fees and their impact starts with having the conversation rather than hiding from it.  Transparency of licenses, fees, and working with a fiduciary who is a Certified Financial Planner™ is a great start.

In our RETIREMENT RISKS Analysis, we offer a report breaking down the different fees of your current plan, and estimate their impact over your desired retirement horizon.  When we get rid of percentages and speak in terms of real dollars, it hits home with most of the retirees we talk with.  The next step is simply figuring out what you’re passionate about and putting any saved dollars toward your goals!

Additionally, a continuous relationship is important since retirees will have financial decisions on an ongoing basis, year after year.  Life is fluid and always changing.  Gone are the days that you walk out of an advisor’s office with a binder stuffed 2 inches with a financial plan, never to be looked at again.  Planning needs to integrate with Social Security, Medicare, taxes and new laws, changes to your life, RMD’s, income location and much more!

CONTACT
833.279.7227

info@integrityguidance.com

CONNECT

 

Integrity Wealth Management is a BBB Accredited Financial Service in Waukee, IA