Frequently Asked Questions
Do I have to be in your area to work with you?
No. We are virtual financial planners that meet you through our screen sharing software. We turn on our webcams so we can see each other face-to-face. We created our business this way because most of our clients work late, have kids, manage busy schedules and / or move often. For example, a couple can log in on their respective computers during a lunch break at work versus having to pay for a babysitter or wasting precious time fighting traffic to get to our meeting. By not having to pay for expensive office space, it allows us to keep our prices down and pass on the savings to you. We also don’t have a strict 9am-5pm meeting schedule and can be flexible to meet when it works for you.
What should I look for in a financial planner?
You need someone who’s qualified to help you plan for the future, someone you trust and a fiduciary.
What is a “Fiduciary”?
A fiduciary is a person or organization that owes to another the duties of good faith and trust. It is the highest legal duty of one party to another. Fiduciaries are bound ethically to act in the other’s best interests.
I’ve heard I should stick with fee-only financial planners. Why is that? Is Planning Within Reach fee-only?
Fee-only financial planners do not get paid commissions for selling financial products or insurance policies. As such, fee-only planners can give objective, unbiased financial advice that is right for your family. And yes, Planning Within Reach is a fee-only firm.
How do I know if I need a financial planner?
Feeling anxious about the future, being disorganized about your finances or wanting a professional second opinion are pretty good indicators.
What makes Planning Within Reach different than other financial planners?
We are woman-owned, military spouse-owned and working towards being carbon-neutral. Our passion is guiding clients towards smart decisions that help them achieve their life’s goals and protect their loved ones. The planning process focuses first on the goals of the entire family, secondly on the individuals in the family and then on the financial pieces — investment advice, retirement planning, and family financial planning. We work with our clients in their own time and at their own pace. We do not outsource any of our financial planning work to others.
What is the typical process for working with Planning Within Reach?
The process begins with a free 15-minute phone call. We discuss your goals and current situation and then conduct a thorough analysis of your finances. The next step is presenting an organized approach that gets you aligned and working towards your goals.
You pay one fee for the length of our engagement. We create a financial plan for you, and together, map out a timeline for your next steps. We will provide friendly reminders until you’ve taken the necessary steps, we’re assured you’re on the way or until the engagement period is over.
Our pricing is transparent – we charge a percentage of assets for investment management, and a project or hourly fee for financial planning and tax preparation. We are building a business of doing right by our clients as fee-only fiduciaries.
How do you handle financial questions that come up during the year between the initial plan and annual checkup?
For financial planning clients, there is no charge for questions clarifying advice already given. Occasionally, someone might need an update before their annual review. For example, if you receive an unexpected inheritance, change jobs or sell a rental property, you will likely want an update. In that case, we will charge hourly and notify you of the cost before beginning the work. For investment management clients, ongoing financial planning is included at no charge.
What should I expect when meeting with Planning Within Reach?
You can expect a trusting, confidential environment, as well as sound advice from a CERTIFIED FINANCIAL PLANNER™ professional with years of experience.
What can I expect to get out of your services?
You can expect a new sense of confidence around your financial picture. Not only will you find value in the delivery and execution of a comprehensive financial plan, you’ll understand each step of the process getting there.
Can we hire you for someone else (family, friend)?
Yes, but they need to be committed to the process and should contact us directly (since the contract and engagement will be with them).
Do I have to share all of my private financial details? What if I have a lot of debt and feel embarrassed?
We have worked with many clients to get their debt under control. We have also helped people find the best ways to manage their wealth. We don’t judge your situation, but guide you through the best course of action. Withholding financial information from your financial planner would be like going to the doctor when you’re sick and not sharing all of your symptoms or medical history. Without all of the details, diagnosis and treatment could suffer or fail.
Aren’t financial planners for really rich people?
No. Planning Within Reach offers affordable alternatives for young professionals and families to get the personalized financial advice they need. We love being able to work with individuals of all wealth.
Who can be a PWR client?
PWR is only able to provide Investment Management services to adult U.S. citizens due to jurisdiction requirements. In most states, people 18 years and older are considered adults. In AL and NE, the minimum legal age is 19.
PWR can, however, provide Financial Planning and Tax Preparation services to adult non-US citizens if they reside and earn income in the U.S.