- Fee-Only Advisors
In the investment industry there are two ways advisors make their money, commissions and fees. Commissions are typically hidden and difficult for an investor to ascertain. Additionally, they allow an advisor to possibly recommend a higher commissioned product without the client having any idea. Being fee-only means there are no conflicts of interest. All the money we earn is discussed upfront and seen directly on your statement. Additionally, you get a fee calculation with each quarterly statement, showing exactly how the fee is calculated. We call that true transparency and honesty.
- Fiduciary Standard
SPWM upholds itself to the strictest standard in the financial industry, that of a Fiduciary. Having a Fiduciary duty means that at all times the advisor must act in the best interests of the client. While seeming to be common sense, this is not the prominent standard in the financial and investing industry. The majority of advisors choose to hold themselves to a “suitability” standard, meaning that as along as a product roughly fits in your situation they are free to recommend whatever ones works best for them, even if it isn’t the best for you.
- Highly Credentialed Advisors
The advisors at SPWM hold either a MBA or a CFP(r) designation. Having an MBA signifies a high level of competence in business and financial theory, as well understanding the economic and financial trends of both businesses and individuals. Holding a CFP(r) designation, the gold standard of designations in the financial industry, signifies a high degree of knowledge and experience in personal and business financial planning. CFP(r) designees are specifically equipped to help investors and business owners create, reach and succeed in their stated goals.