FREQUENTLY ASKED QUESTIONS
Here are some common questions that many people have before starting a relationship with a financial advisor. Please reach out directly if you have questions not on this list or would like more information.
Do I need to have a lot of money to work with a financial advisor?
No, though you do need to be able to comfortably afford our fees (see below). While building and managing wealth is part of the process, we will also look for smart ways to align your income and spending with your values to better and more quickly reach your long-term life goals.
Do I need to have a lot of money to start investing?
Not at all. A person can get started with as little as a few hundred dollars per month and Iseler Financial has no minimum account size requirement for financial planning clients. A thorough discussion of your goals, risk tolerance, and timeline will help determine which investment choices are right for you.
Can’t I do most of this stuff on my own?
Sure, going it alone is possible. But to do it right, you will need to spend time and effort learning the ropes, staying up to date, and monitoring your progress. For the very motivated and detail-oriented, that can be great; for many people, it ends up being a lot of stress, guesswork, or simply pushed to the back burner. In addition to the services provided, an advisor is also an accountability partner to help keep you on track, talk through ideas and answer questions, steer you away from bad decisions, and keep an eye on the big picture.
How does the firm get paid?
Iseler Financial is a fee-only registered investment advisor. Our rates are stated upfront (see below) and are never based on sales commissions – unlike many traditional financial advisors. This allows us to focus only on strategies that best suit your situation, goals, and preferences, rather than chasing commissions or kickbacks.
What does fiduciary mean?
As a fee-only fiduciary, Iseler Financial is required to put clients’ interests first – ahead of our own financial gains or sales goals. We strive to find solutions that match your situation, goals, personality, timeline, beliefs, and risk tolerance. Additionally, we act as an ongoing accountability partner on your journey, monitoring recommendations to make sure that they remain appropriate for you and your goals through life’s ups and downs.
How many meetings will we have?
You can expect frequent meetings during the first few months as we go through new account set up, identify and clarify goals and beliefs, collect and analyze data, and present your initial plan recommendations. Once a best course of action has been chosen, meetings will become less frequent – typically quarterly or semi-annually – as we monitor the progress of the plan.
What services do you offer?
Iseler Financial has three primary service offerings: Financial Sessions, Financial Planning, and Portfolio Management.
Financial Sessions are a cost-effective way to explore one or more topics of your financial path through a limited engagement. Focusing on one of several fundamental aspects of financial health, each Session is priced at a flat rate and several can be combined into one engagement.
Financial Planning, our most holistic offering, is a service to help achieve your long-term goals through the development of a customized financial plan. All decisions are driven by your goals, objectives, and risk tolerance.
Portfolio Management is a continuous and ongoing service to help achieve your financial goals through the development of a customized portfolio plan. All choices are driven by your goals, objectives, and risk tolerance.
Please refer to the Services page for more information.
How much does it cost?
Financial Sessions are billed at $650 per session. Financial Planning is billed as an annual retainer of $2400, paid at a monthly rate of $200 per month. Portfolio Management is billed as a percentage of Assets Under Management (AUM) and starts at 1.1%. Both Financial Planning and Portfolio Management require a one-time onboarding fee of $500.
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