Common questions from our clients about our financial planning services

What services do you provide?

We offer two services:
1) A one-time comprehensive financial plan

This consists of three main steps:

  1. Through an in-depth review, we will fully understand your current financial situation.
  2. We will determine your financial goals and dreams
  3. We will present a fully customized plan that includes easy to understand, actionable steps for you to achieve your goals. We’ll detail what you need to do to get from where you are today to where you want to be in the future.
2) Ongoing financial planning.

In order to make the most of your finances, you can work with Forthright Finances with ongoing support from Scott Newhouse,CFP®.  We will work together to set financial goals, monitor investments, and provide accountability to make sure that you are on track to live the life that you want.

You can find more detail about our services here, as well as our Client Service Experience.

What does financial planning cover?

In the past, most Financial Advisors only focused on investments.  That’s not how we operate though.  We believe that the best way to help our clients is to work in a comprehensive way covering a variety of aspects of your financial life. This includes topics like:

  • Goal setting
  • Investment management
  • Risk Management
  • Debt Reduction
  • Budgeting/Cash Flow
  • Tax Planning
  • Employee Benefits
  • College Planning
  • Estate Planning
  • Retirement/Financial Independence

What are your fees?

Our comprehensive financial plan is a one time fee of $1000.

For ongoing financial planning support, for those with assets below $100,000, we charge a $1,500 annual fee, paid monthly.

For those who have assets above $100,000, we charge 1.5% of assets that we manage, up to $1 million.  Above $1 million, the rate goes down to 1%.

Why should I hire a financial planner?

Here are a few reasons:

  1. You want to spend your time enjoying your passions and hobbies instead of placing trades, reading about investments, trying to understand the new tax law, etc.
  2. You find yourself procrastinating on money issues
  3. You want an unbiased professional to give you comfort that you’re not missing something
  4. You’re worried that your emotions are going to cause you to make poor financial decisions
  5. You want someone to hold you accountable and ensure you achieve your goals

Do you only work with rich people?

No. One of the reasons that I decided to join this profession is that I wanted to help anyone who wanted help to better their financial lives – and not just people who are already wealthy.

What is your investment philosophy?

There are four main components of my investment philosophy:

  • Be broadly diversified
  • Have a healthy allocation of stocks
  • Invest for the long-term
  • Rebalance Annually

I go into more detail on my investment philosophy here.

Can you work with clients outside of Southern California?

Absolutely!

We have the technology to be able to work with clients anywhere in the U.S.  Now before we get started, we may need to get registered in your state if we aren’t.  But you’ll get the same experience as clients that we meet in person.  So if you don’t want to deal with Los Angeles traffic, or you’re in a different state, it’s not a problem.

How often do we meet?

In the initial financial planning process, we’ll meet three times to create and develop your financial plan.

For ongoing financial planning support, we’ll meet on an annual basis to review and update your plan, as well as talk on a quarterly basis.  I will also be available via phone and email to help you as issues arise.  You can find more details of our Client Service Experience.

Isn’t every financial planner a CFP®?

You would think so!  But unfortunately, anyone who gets into this profession can call themselves whatever they want – financial advisor, financial planner, wealth manager, wealth strategist, etc.  There’s simply no standard and no regulation as to titles that you can use.

As it stands, there are just over 80,000 CFP® professionalsout of 270,000 financial advisors in the U.S.  So only 30% of the people in this industry hold the CFP® designation.

I am happy to be able to say that I am a CERTIFIED FINANCIAL PLANNER™.

In order to become a CFP®Professional, I had to meet high standards in terms of education, experience, competency and ethics – a bar far higher than most people in the industry.

And most importantly, as a CFP®, I promise to always put my client’s interest first.

How do I get started?

The first step is to schedule a free 30 minute phone call.  We can go over what you’re trying to achieve, what you’re worried about, and how I can help. It’s completely free and there’s no obligation.

Schedule a Call

Still have questions?

Contact Scott