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Financial Planning and Wealth Management for GenX
Entrepreneurs, Small Business Owners, HENRYs, and Executives

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Financial Planning and Wealth Management for GenX
Entrepreneurs, Small Business Owners, HENRYs, and Executives

Slide

Financial Planning and Wealth Management for GenX
Entrepreneurs, Small Business Owners, HENRYs, and Executives

Slide

Financial Planning and Wealth Management for GenX
Entrepreneurs, Small Business Owners, HENRYs, and Executives

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Financial Planning & Wealth Management

Modern Wealth is an independent, fee-only, and fiduciary Financial Planning and Wealth Management firm virtually serving GenX Entrepreneurs, Small Business Owners, HENRYs, and Executives all over the United States.

Through our unique EVOKE® Financial Life Planning process and Wealth Management expertise, we inspire wealth within aspiring Entrepreneurs, current Small Business Owners, HENRYs (High Earners Not Rich Yet), and current Executives.

We do this by providing a virtual Family Office model of Financial Planning and Wealth Management, typically only available to the uber-wealthy, to our clients all over the United States.

Learn More

Fiduciary

Modern Wealth is a true fiduciary, regardless of what measure you use. We believe a fiduciary is a professional entrusted to manage your assets and wealth while putting your best interest first at all times.

Financial Advisors, Financial Planners, and Investment Professionals who follow a fiduciary standard must disclose any conflict, or potential conflict of interest, to you before and during the engagement. Fiduciaries should also adopt a code of ethics and fully disclose how they are compensated.

Modern Wealth is a true fiduciary that has signed a fiduciary oath, always looks for ways to reduce fees, and always puts our clients’ interests first. We believe that a partner you trust is essential with your financial livelihood at stake.

Independent

Modern Wealth is an Independent Registered Investment Advisor (RIA). We only work for our clients and are not influenced by a large corporation or shareholders.

That means we are not tied to a firm’s proprietary product or inventory and not tied to the production requirements of one specific investment or insurance company. Instead, we do what is best for our clients, have no other influence, and hold ourselves to a fiduciary standard.

To ensure your advisor or potential advisor follows a fiduciary standard, request to see their ADV (a form filed with the SEC) and ask if they have signed a fiduciary oath.

Fee-Only

Modern Wealth is proud to be a fee-only Financial Planning and Wealth Management firm.

The Fee-Only method of compensation is the most transparent and objective method available. This model minimizes conflicts and ensures that we act as your fiduciary.

Fee-Only planners are compensated directly by their clients for advice, plan implementation, and ongoing management of assets.

Financial planners tend to be either commission-based, fee-based, or fee-only. The three models could not be more different and very much influence if the advisor is a “true” fiduciary. We believe that to be a true fiduciary, a firm and a financial planner must be fee-only.

Schedule an Intro Call

If you feel our model could fit you, your family, your business, or your life, please schedule an Intro Call. We would happily have a no-obligation, transparent, and confidential call with you.

Schedule Now

Frequently Asked Questions

Are You A Fiduciary

Yes! Our clients entrust us to manage assets and their wealth, and if they exist, we disclose conflicts of interest before and during our engagement. We have also adopted a code of ethics, signed a fiduciary oath, and fully disclose how we are compensated.

What Are The Fees

EVOKE® Financial Life Planning and Wealth Management

​(includes EVOKE® Financial Planning and Investment Management combined)

1.25% per year of Assets Under Management
*Minimum of $500,000 of investable assets*

EVOKE® Financial Planning and Wealth Management

A one time up front fee of $1,200
+
2.5% of income as an annual retainer conveniently paid in either monthly or quarterly installments

Investment Management

1% of of Assets Under Management
*no minimum*

What Is Fee-Only

Fee-Only Financial Planners may be paid by retainer, as a percentage of Assets Under Management (AUM), hourly, or as a flat fee. We charge based on what is in your best interest and is most cost-effective for you.

What Is An Annual Retainer

An Annual Retainer is a fee we charge to engage in EVOKE® Financial Life Planning and Wealth Management. The fee can be paid in monthly or quarterly installments.

Example

​$240,000 (your current household income) x 2.5% (annual retainer fee calculation for EVOKE® Financial Life Planning and Wealth Management) = $6,000 (annual retainer fee for Financial Life Planning)

​This Annual Retainer can be paid in a monthly capacity ($6,000 / 12 = $500 a month) or quarterly capacity ($6,000 / 4 = $1,500 a quarter) out of your cash flow.

What Is An AUM Fee

An Assets Under Management (AUM) fee is charged to the money we manage for you as a fiduciary. The fee is billed as a percentage of assets under management and is charged quarterly out of the accounts.

Example

​$100,000 (money you entrust us to manage for you as a fiduciary) x 1% (annual AUM fee) = $1,000 (AUM Fee for the year)

​That $1,000 is then divided by 4 (the AUM Fee paid quarterly) = $250 (the AUM automatically comes out of your account quarterly).

Do You Pay For The First Meeting

No! You don't pay for the first two meetings. First, we need to understand if we are a fit. You are interviewing us as your Fiduciary and Wealth Advisor, and we are interviewing you as our client. Our relationship is not a transaction. It needs to feel right for all parties involved.

Our first meeting is an Intro Call, and our second is Exploration. At the end of the Exploration meeting, we will quote the exact fee to work together. If we agree we are not fit, we recommend another fiduciary that suits your needs or reach back out when you are ready.

Why Should You Work With Us

Our favorite question! The best answer we can give you is that we care and will care more than any other firm. We don't measure success by account of performance (of course, we know it’s important). Instead, we measure success by whether you and the people you care about are living their best lives, while also achieving your goals for the future.

​The traditional answer, which might be just as important to you, is that we have over a decade of experience helping good people and families achieve what’s most important to them. We have experience at reputable firms such as Merrill Lynch, Morgan Stanley, and Goldman Sachs.

We have also been featured and quoted in publications such as The Philadelphia Inquirer, The New York Times, MarketWatch, ABC, NBC, MSN, Fox News, Markets Insider, XY Planning Network, The Financial Planning Association, The Fee-Only Network, PR Newswire, and Ask.com.

Our education is among the industry's most prestigious, including the CERTIFIED FINANCIAL PLANNER™ pro, the Certified Private Wealth Advisor® advanced designation, and the Registered Life Planner® designation.

Do You Have To Come To Our Office

No! Our meetings are Zoom-based with the latest security updates. So you can stay safe in the comfort of your own home, and we can have a productive and beautiful conversation to achieve your best life.

Do We Work With Clients From Any State

Yes, we do! We use the latest technology and security to work with our clients throughout the United States.

What Financial Life Planning

Financial Life Planning and Wealth Management is what real Financial Planning should be. Financial Life Planning is our process of putting the person before the money because without knowing the person, planning is without energy. Financial Life Planning is the process of discovering the whole life we long to live and making it happen, no matter where we start.

What Is EVOKE®

EVOKE® is our 5-step process for Financial Life Planning. It stands for Exploration, Vision, Obstacles, Knowledge, and Execution. It is the process of melding money with meaning. EVOKE® puts you and the people you care about before the money. EVOKE® is truly beautiful and everyone that believes that deserves to be taken through that process if they want.

Do We Manage Your Investments

Yes! Investment Management is certainly something we do for our clients. We develop portfolios that are tailored to your goals, dreams, time horizon, and level of risk you are comfortable with.

We can help you manage your existing investments or design a portfolio from scratch. Most Financial Planners, Financial Advisors, and Investment Professionals only work with clients if they manage their money. Modern Wealth is different! If you choose to manage your own portfolio, while utilizing us for EVOKE® Financial Life Planning and Wealth Management, that is fine too!

What Is A CFP® Pro

For more than 30 years, CERTIFIED FINANCIAL PLANNER™ certification has been the standard of excellence for financial planners. CFP® professionals have met extensive training and experience requirements and commit to CFP Board's ethical standards that require them to put their clients' interests first. That's why partnering with a CFP® professional gives consumers confidence today and a more secure tomorrow.

What Is a RLP®

A Registered Life Planner® focuses on the human side of financial planning. In Financial Life Planning, an RLP® discovers a client’s most profound goals through a mindfulness-based, non-judgmental inquiry. Then, using professional and advanced relationship skills, an RLP® inspires clients to pursue their aspirations and resolves obstacles, creating a concrete Financial Life Plan.

What is a CPWA®

The Certified Private Wealth Advisor® (CPWA®) is an advanced professional certification for advisors who serve high-net-worth clients. It’s designed for seasoned professionals who seek the latest, most advanced knowledge and techniques to address the sophisticated needs of clients who are entrepreneurs, small business owners, and corporate executives.

Who Is Our Typical Client

We specialize in working with the unique needs of Generation X individuals and families who tend to be small business owners, entrepreneurs, and corporate executives. However, we can work with everyone who feels they could benefit from the EVOKE® Financial Life Planning and Wealth Management process and what it could bring to their life!

How Do You Know If You Ready

If you're asking yourself that question, you are. Modern Wealth was built to help anyone that needs and wants help. Unlike most firms, we don't believe in minimum account size. So if you think it's too early, it's not. If you think it's too late, it isn’t. And if we aren’t the right fit, we will find a better fiduciary for your situation.

What Are The First Steps

Our first step together is the Intro Call. The Intro Call is the start of our EVOKE® Financial Life Planning & Wealth Management process, but most importantly, a chance to get to know each other.

You can expect:

No sales talk whatsoever
The ability to ask us anything
An opportunity to share your goals
A transparent dialogue about our fees
An honest conversation to see if we are a fit

At the end of this meeting, we’ll either decide to schedule our Exploration meeting or recommend another planner that may be a better fit for you. There is no commitment other than the time at this point.

Inspired Wealth Blog