Fee-Only|Financial Advice|Hourly Consultations|Flat Fees

Nine Myths of Financial Planning

Myth or truth about financial planning 

Can financial planning wait until I retire? Isn't financial planning only about investing?

There are so many myths about money, investing, financial advisors - here is our list of the top nine most common misconceptions about financial planning.

If a man empties his purse into his head, no man can take it away from him. An investment in knowledge always pays the best interest.

- Ben Franklin

Understanding Fees

Over the years, we've been asked, Isn’t financial planning only for the very wealthy? or, Is financial planning an expense or is it an investment in my future success? Our response is that once you experience the abundance of options and freedom that having a financial plan brings to your life, you’ll soon realize that financial planning is for everyone, regardless of your net worth.

Some of the many benefits of having a financial plan include: improved cash flow through better budgeting, reduced tax liabilities, boosting investment returns and less or no debt. There are also the intangible benefits such as peace of mind, time saved and a better focus on one’s financial life.

At Spiritus we utilize a fee-only approach to financial planning. Whether it's a project such as the development of a personal financial plan or an on-going financial planning relationship, we're paid on an hourly or flat fee basis.

One time development of a financial plan is billed on a flat fee basis. We provide a flat fee proposal for your planning project after our initial consultation, when your personal needs are fully identified.

Ongoing financial planning meetings are billed on an hourly or retainer basis. For hourly clients, our fees are based on the actual time involved in meeting with you in person or over the phone, researching and analyzing your current situation, and providing specific recommendations and implementation assistance. All fees are determined based on the complexity of the situation.

Unlike many financial advisors, you do not need a particular net worth or minimum amount of investable assets to work with us. At Spiritus, our advice is completely independent and objective. We do not earn investment commissions or receive referral fees when making investment recommendations. Our professional analysis and advice is what we provide, period.

Complimentary Initial Consultation

Entering into a financial planning arrangement is a very important decision and we want you to feel completely comfortable with us. We offer all new potential clients a 20-minute complimentary phone consultation to determine whether our firm is really the right fit for you and your needs.