Frequently Asked Questions
Does Fearless Financial only serve women?
What do you mean by FEARLESS?
Fearless Financial Planning is not about having no fear. It’s more like the theme in Susan Jeffers’ book, Feel the Fear and Do It Anyway. Planning involves uncertainty, investing involves risk, and a lot of financial planning involves thinking and talking about things that can make us uncomfortable – like our own mortality. What makes financial planning fearless to us? Showing up and doing it!
Being fearless definitely isn’t being reckless. It’s having the courage to face the difficult stuff in your financial world: debt, estate planning, philanthropy, entrepreneurship, long-desired travel, leaving a legacy, etc. Most of all, being fearless is about achieving your greatest desires in life before you leave this Earth, without being overly worried about financial constraints. It’s about bravely deciding what’s most important to you and then having the courage to go for it with the right financial plan!
What does Advice-Only mean?
- Commissions (also referred to as sales-related compensation)
Commission-based advisors get paid to sell you a financial product (like an insurance policy, investment product, or annuity). While many high-integrity advisors sell clients products they truly need and want, the commission structure can create an opportunity for misaligned incentives between the client and the advisor. In the wrong hands, that kind of model can quickly become ruthlessly transactional (think coffee is for closers…) That’s not how we roll.
A Fee-Only Advisor is defined by the National Association of Personal Financial Advisors (NAPFA) as compensated solely by the client with neither the advisor nor any related party receiving compensation that is contingent on the purchase or sale of a financial product.
Fees can be calculated in a variety of ways such as annual, hourly, or flat fee. The most typical fee structure is to charge clients a percentage of their Assets Under Management (the AUM Model).
Some advisors are Fee-Based, which actually means they receive both fees AND commissions.
Fearless Financial is part of a small but growing group of Fee-Only advisors who choose to provide