How does financial planning work?
Financial planning is a process that determines how you can best meet your life goals through the proper management of your financial affairs. The key to effective financial planning is the ability to take into account all relevant aspects of your financial situation, and to identify and analyze the interrelationships among sometimes conflicting objectives. In this way we are free to provide our investment clients with the widest range of low cost, no-load or load-waived investment products. In certain cases, but only if it is beneficial to the client, we will substitute a commission based product for the asset management fee.
Why is financial planning important?
Life is a journey. On this journey, some people may choose to wander aimlessly and allow fate to choose their ultimate destination. We believe it is far better to take control of your financial life, and choose where you want to go and what you hope to achieve. Educate kids. Buy a home. Start a family. Buy a vacation home. Retire early. Start a business. All these goals are easier to achieve with proper planning.
Who can benefit from financial planning services?
At Watch City Financial Group, we believe everyone should have a formal financial plan. If you don't have the time or expertise to do it yourself, we can help. As an independent financial planner, we can help families in the following situations:
- Recent or upcoming marriage or divorce
- Recent birth of a child
- Children approaching college age
- Employment change (lost or changed job)
- Facing challenge of retirement
- Received financial windfall or inheritance
- Unhappy with advice from big corporate firms
- Unhappy with investment performance
Aren't financial planners just insurance salespeople in disguise?
Unfortunately many in the insurance and brokerage industries have used the financial planning process as a tool to sell financial products which are not in the best interest of their clients. We do not have proprietary products to sell you. We base our recommendations solely on what we believe you need to do to help meet your goals. We believe financial planning should be about reaching your goals, not ours!
How are financial planners paid?
Many financial advisors are paid a commission on products they sell you. This is largely true of insurance company planners and some of the largest advisory firms. Although this might make it appear that you are getting "free" advice, the commissions are built into the cost structure of the products they will sell you.
We choose to base our compensation primarily on fees. Doing so eliminates many of the conflicts of interest that plague much of the advice industry. We charge a reasonable fee for the advice we provide. Clients who choose to use our investment management services will pay an asset-based fee for that additional service. In this way we are free to provide our investment clients with the widest range of low cost, no-load or load-waived investment products. In certain cases, but only if it is beneficial to the client, we will substitute a commission based product for the asset management fee.
How do I learn more?
Just contact us to schedule your free, introductory consultation. We'll get to know each other, and you will have the opportunity to learn more about how financial planning may help you.
Where are you located?
Watch City Financial Group is conveniently located at 967 Main Street in Waltham, MA.