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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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Featured In:

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.

We also believe Financial Advisors, Financial Planners and Investment Professionals who follow a fiduciary standard must disclose any conflict, or potential conflict, to you before and during the advisory engagement.

Fiduciaries will also adopt a code of ethics and fully disclose to you how they are compensated.

Modern Wealth is a true fiduciary that has signed a fiduciary oath, always looks for ways to reduce fees, and puts our clients first at all times.

Independent

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

That means we are not tied to the proprietary products or inventory of one firm and not tied to minimum production requirements of one specific investment or insurance company.

We are held to a fiduciary standard of care and act solely in the best interests of our clients.

To ensure your advisor or potential advisor is following 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 for the ongoing management of assets.

We believe that in order to be a true fiduciary, a firm and a financial planner must be fee-only.

Schedule an Intro Call

If you feel like our EVOKE® Financial Life Planning and Wealth Management process could be a fit for you, please schedule an Intro Call. We would be happy to have a no obligation, transparent, and confidential call with you.

Schedule Now

Frequently Asked Questions

Are You A Fiduciary

Yes. I am a professional entrusted to manage assets and wealth while putting your interest first at all times. I disclose any conflict to you before and during our engagement. I also have adopted and code of ethics, a signed fiduciary oath, and fully disclose how I'm compensated, which is a fee only.

What Are The Fees

EVOKE® Financial Life Planning

​(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

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

Investment Management

​(includes 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), or as a flat fee. The way I charge is 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 I charge to engage in Financial Planning. This fee can be paid in monthly or quarterly installments. It is paid out of your cash flow, which is why we believe in having monthly or quarterly flexibility.

​Example:

​$240,000 (your current household income)

x

2.5% (annual retainer fee calculation for Financial Life Planning)
=
$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 cashflow.

What Is An AUM Fee

An Assets Under Management (AUM) fee is charged to the money I manage for you as a fiduciary. The fee is billed as a percentage of assets under management. The fee is charged in a quarterly capacity out of the accounts we manage for you at one of our approved custodians.

​Example:

​$100,000 (money you entrust me 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 comes out of your account automatically quarterly)

Do You Pay For The First Meeting

No! In fact, you don't pay for the first two meetings. In my opinion, we need to understand if we are a fit. You are interviewing me as your planner and I am interviewing you as my client. Our relationship is not a transaction. It is a lifelong partnership. It needs to feel right for on both sides.

Our first meeting is an Intro Call and our second meeting is called Exploration. At the end of the Exploration meeting, I will quote the exact fee to work together. If we mutually agree that we are not a fit, I will recommend another fiduciary that better suits your needs. That is what a real fiduciary should do.

Why Should You Work With Me

My favorite question! The best answer I can give you is that I care and will care more than any other Financial Planner out there. I don't measure success by account performance. I measure success by if you and the people you care most about are living their best lives, while also planning for the future.

​The traditional answer, that might be just as important to you, is that I have over a decade of experience helping good people and families achieve what’s most important to them at prestigious firms such as Merrill Lynch, Morgan Stanley, and Goldman Sachs. I have also been featured and quoted in publications such as The Philadelphia Inquirer, The New York Times, MarketWatch, ABC, NBC, Fox News, Markets Insider, XY Planning Network, The Financial Planning Association, The Fee Only Network, PR Newswire and Ask.com.

I earned my Bachelor’s of Science degree in Finance from Penn State University and satisfied my CFP education requirement through the American College of Financial Services. I have also earned The Kinder Institute of Life Planning’s Registered Life Planner® designation. I’m currently enrolled at Yale School of Management’s Wealth Management Theory and Practice program to earn the Certified Private Wealth Advisor® advanced designation.

Do You Have To Come To My Office

No! Our meetings are Zoom-based with the latest security updates. You can stay safe in the comfort of your own home and we are able to have a productive and beautiful conversation.

Do You Work With Clients From Any State

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

What Is EVOKE® Financial Life Planning

EVOKE® Financial Life Planning is what real Financial Planning should be. In my mind, you can't be a real fiduciary until you know the person. Financial Life Planning is my process of putting the person before the money. Without knowing the person, planning is without energy.

What Is EVOKE®

EVOKE® is my 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 You Manage My Investments

Yes! Investment Management is certainly something I do for my clients. I develop portfolios that are tailored to your goals, dreams, and level of risk you are comfortable. 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 invest their money. Modern Wealth is different! If you choose to manage your own portfolio, while utilizing us for Financial Life Planning, 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, a RLP® discovers a client’s deepest and most profound goals through a mindfulness-based process of structured and non-judgmental inquiry. Then, using a mix of professional and advanced relationship skills, a RLP® inspires clients to pursue their aspirations, discusses and resolves obstacles, creates a concrete financial life plan, and provides ongoing guidance as clients accomplish their objectives. Financial Life Planning is Financial Planning done right!

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 owner and corporate executives.

Who Is My Typical Client

I 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, I am able to work with everyone that feels they could benefit from EVOKE® Financial Life Planning process and what it could bring to your life!

How Do You Know If You Ready

If you're asking yourself that question, you are. Modern Wealth is built upon helping anyone that needs help and wants help. Unlike most firms, we do not believe in minimum account size. If you are debating if now is the right time, it is. If you think it's too early, it isn't. If you think it's too late, it's not. And if for some reason, we are not the right fit, we will find someone for you that is.

What Are The First Steps

Our first steps together is the Intro Call. The purpose of the Intro Call to better understand your motivation to partner with a financial planner, share with you a little about what our process will be together, and to begin the foundation to our relationship.

During our Intro Call, here are my promises to you:

No sales talk whatsoever
The ability to ask me anything
An opportunity to share your goals
A transparent dialogue about my fees
An honest conversation to see if we are a fit
A vision of what the relationship would look like together

Inspired Wealth Blog