Summit Wealth & Retirement Partners | Danville, CA

Why Work With Us?

And a few other frequently asked questions about choosing a financial advisor

Choosing a financial advisor really is about finding a good fit for you

But of course, it's more than simply enjoying our conversation.

No matter who you work with

There are a handful of questions you should be asking:

1

How do you charge for your services?

2

What licenses, credentials or other certifications do you have?

3

What types of clients do you specialize in?

4

Can I see a sample financial plan?

WSJ - Choosing the Right Financial AdviserForbes Article: Choosing a Financial Advisor

Our Costs

We’re a fee-based firm which means we charge a percentage of assets under management instead of product-incentivized charges.  Our asset management fee starts at 1% and GOES DOWN from there based on the size of the accounts we are managing.  We charge a flat, fixed fee for financial planning and that fee varies depending upon the complexity of your plan.

Licenses/Credentials

Our team consists of two Certified Financial Planners (CFPs), a Chartered Financial Analyst (CFA) and an MBA with a combined experience of over 60 years in finance

Our Specialties

Our client base runs the gamut from entrepreneurs to retired corporate executives.

That said, our specific expertise is helping women in transition due to divorce or loss of a loved one and families with complex financial situations.

Sample Plan

Of course.  We’ll go further and create a personalized plan for you at no charge.  You can then choose to work with us, implement it yourself or find another firm that better fits your needs.

A few other questions we get regularly

Is there a specific net worth needed to work with you as a financial advisor?

Summit Wealth & Retirement Partners does not set a minimum when talking with new clients.  However, in order for us to provide value to you as an advisor, there generally needs to be enough in assets, complexities or some combination of the two for our services to be cost-positive.  As a comparison, it wouldn’t make sense for someone to use a CPA to complete a 1040EZ tax return.

Part of our new client onboarding process is to provide a no-charge review of all of your financial documents, meaning we’ll be able to tell you in black and white, “Yes.  We can save you time and/or money that will more than pay for our services”, or simply, “We don’t think there’s enough complexity here for it to make sense for you to hire us.”

In short, we’d never let you hire us if we weren’t confident we could provide tangible value.

How often will we meet and talk?

As your financial advisor, we are at your disposal and will happily talk and/or meet as often as as makes sense for you.  While each of our clients’ financial plans are different, you can generally expect to meet with us a few times as we get started, at least quarterly for reviews and expect the occasional check-in if there’s anything that needs addressing.

Who has custody of my money if I hire Summit Wealth to manage it?

Our client’s accounts and assets are held at Charles Schwab, we are simply listed as the financial advisor on the account. This is for your protection and ours. We have access to select investments that are in line with your goals and place trades on your behalf, but your money stays at Schwab and all of your monthly statements come directly from them.

What exactly is a fiduciary?

The Fiduciary designation means we have both a legal and ethical responsibility for putting our clients’ interests before our own.  That means if we’re recommending a strategy or financial product, it’s because that approach is legitimately in your best interest and not because that approach benefits our firm in compensation or otherwise. That includes disclosing exactly how we are compensated, avoiding conflicts of interest and making you aware of any conflicts should they arise.

The future is not something that just happens.

It is something you create.

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