Frederick CRPS's Colleagues at FWC Financial, LLC
Frederick CRPS's Contact Details
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FWC Financial, LLC
Frederick CRPS's Company Details
Q: What is financial planning?A: A comprehensive and continuous evaluation of current financial resources to attain quantifiable future objectives.Q: Thanks for the textbook answer. What does it REALLY mean?A: Great question. We discuss what matters most to you: goals, values, questions, concerns... the things that keep you awake at night. Using reasonable assumptions, we work together to determine the courses of action necessary to accomplish those goals.Q: How technical can this get?A: We can make it as simple or as complicated as you desire.Q: What areas will we cover?A: For individual/family clients we review the following: wealth management, retirement planning, estate/legacy planning, tax mitigation/deferral/avoidance, and insurance planning. For business/corporate clients, we review company retirement plan needs such as SEP IRAs/SIMPLE IRAs, and 401(k) plans. We may consult on corporate fiscal management and tax mitigation with your accountants and/or CPAs.Q: How are you compensated?A: We can negotiate compensation on an asset under management basis, an hourly rate, a flat fee rate, or on a transactional basis. We are competitive within the industry, but we will not compete on cost alone. Q: Do you follow the fiduciary standard?A: Yes.Q: What is your process for on-boarding new clients?A: The process is tailored to each unique client that begins with a mutual assessment of the "human" dimension, to make sure we have a good personality fit and the relationship will be mutually edifying.Q: What advice would you give to those seeking help for the first time?A: Take all the time needed to make informed decisions. Consult professionals at different firms to assess capability and process. Never feel pressured into a course of action you do not understand and with which you're not comfortable. Work with professionals with relevant education, certifications, experience, and technical competencies.