I was on the hunt for a financial advisor to find out if my husband and I can afford retirement. I sat down with various types of financial advisors, some even connected with the bald guy, and all of them are only interested in two things: the size of our portfolio (one of them requires a $1M portfolio), and all of them work using the AUM model, who gets paid based on the size of your portfolio, whether it earns or not.
We went with Kevin of HCP Wealth Planning and we’re so glad we did. Here’s what we got working with him:
1. He is a flat-fee financial advisor, meaning it doesn’t matter what the size of your portfolio is.
2. Great communication via email and virtual meetings. No question was left unanswered.
3. Clarity of our financial picture. We found our biggest money drain.
4. He will make you work by making you visualize and plan what you want to do from here on out, up to the time you retire, and during retirement.
5. His financial software and the cash flow analysis allowed us to see our net worth, and gave us the picture of our spending plan now and during retirement.
6. A withdrawal plan that will put more money in your pocket.
7. Various appointment schedules that will work with your work schedule.
8. Financial literacy. There are no stupid questions when it comes to your hard-earned money, and he answered them all patiently.
9. Peace of mind knowing that we can retire earlier than 65, even pay for health care coverage outside of our employment before Medicare kicks in, even long-term care services.
10. He is not a pushy salesman who makes you buy other financial stuff. He will not make you put your money into an IRA that other financial planners want you to do so they dip into your money (the AUM model).
I can go on and on. If you are looking for a financial planner who has your best interest at heart, you will not regret getting his services.
Relationship to Financial Advisor: Former Client
Compensation: This reviewer received no compensation for this review.
Conflicts of Interest: There are no material conflicts of interest.
Leave a Reply