your questions, answered
general
-
The ideal clients for Just Advising are environmentally and socially conscious people in their 20s and 30s making $50-100k. Traditional financial planning says, “get rich and then come see me.” Just Advising says, “let me help you achieve your goals, today.”
Here, you don’t need hundreds of thousands or even millions. All you need is the desire to start.
If you’re interested in values-aligned-investing (ESG), this is a place for you. With ESG investing, you can choose to invest your money in companies making a positive impact on the world.
-
An advice-only financial planner (like myself) let’s you manage your own investments. It’s financial planning, just with more control on your end.
We’ll still talk about your investments, cash flow, taxes, insurance, and estate plan. All within the context of your goals and values.
-
Fee-only financial planning includes a type of fee-model known as Assets Under Management (AUM); advice-only does not.
Advice-only financial planning only charges based on flat- or hourly-fees.
AUM fees are based on a percentage of how much money you let your financial planner manage. An advice-only financial planner does not manage your money.
-
No. Never. Absolutely not.
If my fees are too high, you can split it up into a maximum of twelve equal monthly payments.
-
Just Advising offers financial planning services virtually nationwide.
If you live near Raleigh, NC, in-person financial planning services are also available if you prefer.
services
-
Just Advising offer’s two different services: Expedition and Provisions.
Expedition is a comprehensive financial planning service designed to create your financial plan. Taking into account your investments, cashflow, taxes, insurance, and estate plan all within the context of your goals and values.
Provisions are the five different parts within the Expedition: investments, cashflow, taxes, insurance, and estate. If you just want guidance one on or two pieces, for whatever the reason, this is the service for you.
-
Your financial plan will include a layout of your investments, cash flow, taxes, insurance, and estate plan all within the context of your goals and values.
We will go through three meetings:
Discovery
Guided by introspective questions, we’ll explore your goals, values, concerns, and more, shaping your Review and Advice meetings.
Review
Together, we will review your current financial picture. Being comfortable with where you are now helps when it comes time to make changes.
Advice
Shaped by Discovery and Review, we’ll walk through each step of your financial plan.
Optional
An optional fourth meeting is offered to everyone.
At the completion of your Advice meeting, you will receive a living, actionable financial plan full of digestible, jargon-free visuals.
-
Your provisions will include a layout of your investments, cash flow, taxes, insurance, or estate plan all within the context of your goals and values.
We will go through two meetings:
Discovery Lite
Guided by introspective questions, we’ll explore your goals, values, concerns, and more, shaping your Review and Advice meetings.
Advice Lite
Shaped by Discovery Lite, we’ll walk through my recommendations.
At the completion of your Advice Lite meeting, you will receive an actionable summer full of digestible, jargon-free visuals and to-do items.
-
No. Never. Absolutely not.
Just Advising believes you can manage your investments. Investing should be made simple.
If it’s too complex for you to manage on your own, it might be designed that way intentionally.
-
How often you should meet with your financial planner depends on your needs, comfort, and ability. But, meeting at least once a year is great for most!
This lets you update your financial planner on any key changes in your life. And your financial planner can review planning opportunities before entering a new year.
fees
-
A financial planning fee model dictates how your financial planner is paid, and this can dictate how they give advice.
Every fee-model has a conflict of interest. Including within an advice-only practice.
When working with a financial planner, make sure you understand their motivations. Regardless of the fee model, always ask “why did you choose this fee model?” and “how do you manage conflicts of interest?”
Also, ask if they are a fiduciary. A fiduciary must legally always act in your best interest.
-
Just Advising offers financial planning services based on an a two different flat-fees.
The Expedition service is based on a flat-fee depending on which category you fall in below.
Individuals: $1,800
Married and non-married couples: $2,700
The Provisions service is based on a flat-fee depending on which category you fall in below.
Individuals: $360
Married and non-married couples: $540
-
Just Advising is one a mission to make financial advice more accessible. To do that, they started with you in mind.
Since I work with environmentally and socially conscious people in their 20s and 30s, I looked up the median salary for this demographic in the U.S. I used $60,000 as my benchmark. 3% of that salary benchmark is the starting fee.
For a couple, the fee is multiplied by 1.50.
Because this fee may still be unaffordable to some, a payment schedule up to twelve months is offered.
-
Maybe! Financial planning is worth the cost for just about anyone.
But, maybe you’re already on the right track. Maybe after reviewing you current financial plan, we realize you’ve already achieved success.
Or, maybe you have modest income but don’t know where your money is going each month. A financial plan for you could be a game changer.
-
Maybe! Financial planning is worth the cost for just about anyone.
But, maybe you’re already on the right track. Maybe after reviewing you current financial plan, we realize you’ve already achieved success.
Or, maybe you have modest income but don’t know where your money is going each month. A financial plan for you could be a game changer.