The Financial Planning Process
As a top wealth management firm in Scottsdale with a fiduciary duty, our focus is on making our clients successful in the real world of unpredictable markets, low interest rates, rising health care costs and rising taxes.
Steps To Achievable Success--Financial Planning In Scottsdale, Arizona
Financial planning--especially for retirement-- is a process, not a document. While the goal is a written plan, the contents of the plan matter most. To create the plan that matches your dreams, goals, and current situation to your desired outcomes, many calculations and projections are required. But first, a lot of listening takes place.
We work in three phases:
- Education and Illustration
We know that trust is earned, and we like to listen more than we talk. Because your goal is a worry-free retirement, we work to identify both the strengths and weaknesses of your current plan with a financial "MRI."
After an initial discovery session where we get to know each other, we will then make recommendations for allocation.
Typically, becoming a client at IQ Wealth involves three meetings. There is never any sales pressure.
There is no charge for an initial consultation and mutually agreed-to follow-up meetings.
Fees and Compensation
Our clients do not receive an "invoice for services." There are no surprises--transparency is as important to us as it is to you. (quite important.)
IQ Wealth has two divisions: investments and insurance.
Each is handled differently and with each type of asset, we are compensated differently.
With investments held at Fidelity or TD Ameritrade, we are fee-based. Fees for service are automatically deducted quarterly. There are no checks for you to write.
With insurance and annuity products, we are compensated by the insurance company that we agree to use to further your plan. We are not contractually bound to any one insurance company. Your annuity balance is not reduced by our compensation. We provide a valuable service to the many insurance carriers we represent by paying for all of our overhead and promotion. Without agents in the field, insurance companies would not survive. Agents save the insurance company many dollars in promotion and overhead. We act as an independent "manufacturer's rep." As a client of ours , you pay no management fee or advisor fee on annuities and life insurance. There are no upfront fees--100% of your money goes to work for you on day one.
Fee-based Investment Management
All investment assets are held in custody at Fidelity Institutional or TD Ameritrade.
Our firm works as a fiduciary and does not accept commissions on securities. Our fee base is .95 percent on investments managed "in-house" and 1.5 percent annually on portfolios managed by third party RIAs ( Brookstone Capital ($2 billion under management) and Global Financial Private Capital, $5 billion under management)
Annuities and Life Insurance
There are no fees to the client as stated above. We provide ongoing account servicing, communication, beneficiary updates, periodic reviews and client meetings at no charge for our investment and insurance clients.
Professional Financial Planning
We provide a professional financial plan focused on retirement income planning at our expense for clients who place a minimum of $200,000 with our firm in insurance products, or $400,000 in managed investments. We do not receive commissions on any managed investments.
Tax planning and preparation
We can work with your tax preparer or make the appropriate referral. CPA Nick Stefaniak provides preferred pricing for our clients on business and personal returns. Mr. Stefaniak is an independent CPA and not an employee of IQ Wealth Management. There is no charge for an initial review or your current or past year's return.
Estate Planning, Trusts, Wills, and Legal Document Preparation
We can work with your attorney or make the appropriate referral. Estate planning attorney Richard Dwornik, MBA, JD, provides preferred pricing for our clients on all estate planning needs. Mr. Dwornik is an independent attorney and not an employee of IQ Wealth Management.
The IQ Objective for Our Clients:
Plan. Invest. Insure. Retire. Stay Retired.
We believe our team approach to building a comprehensive plan can help you simplify your life and approach retirement with more confidence.
While our firm, advisors and strategic partners may be members of organizations or may appear on a media outlet periodically, no endorsement is accepted or implied. We encourage and require that clients and prospective clients make financial decisions based on the merits of each individual aspect of direct and personal advice and the offering, not on other factors. Only upon a personal and in-depth review can we discover what recommendations are suitable for you.
Annuities are insurance-based financial vehicles designed not for growth but for income preservation and sustainability. Annuities are not FDIC insured and may have surrender charges for a period of time. Generally, a partial withdrawal of 5 to 10 percent is allowed annually, penalty free. The annuities we recommend waive all surrender charges upon death. All guarantees rely on the financial strength and claims paying ability of the issuing insurer. At IQ Wealth, our policy is to require at least 100 years of successful track records and strong ratings for any insurance company we recommend.
Income riders are a means to enhance the income benefits provided by the underlying annuity contract. A discussion regarding whether an annuity would meet your needs and objectives should take place, before deciding if an income rider is appropriate.
Have a no-cost, no obligation conversation with an experienced adviser and fiduciary.
Steve accepts 4 to 8 new clients per month in order to serve each with optimal attention and personal service.
Free Retirement Readiness Review
Learn more about the IQ Wealth proven approach to practical planning. To arrange your free review, please contact Barb at (480)902-3333, or email: Barb@IQWealth.com
Get access to our helpful retirement kit, which includes three guides that address topics you should consider when planning your retirement.