Individuals and couples are faced with financial challenges and opportunities every day. Because your financial well-being is our goal, we will provide you with the answers you need to meet those challenges and take full advantage of the opportunities.
Topics on which we most commonly provide advice are:
Financial planning involves three basic steps — determining where you stand today, where you want to be in the future, and the best way to get there. With our firm, the process involves an initial in-depth review of your current financial situation and then recommendations on how to achieve future goals and objectives.
Anyone can say that he or she is a financial planner or financial advisor. That’s why it’s essential to be sure of the qualifications and credentials of any “planner” or “advisor” before you pay them a fee or entrust them with your financial matters. NAPFA-Registered Financial Advisors have completed a broad-based advanced education program in financial planning. They have comprehensive planning experience and are trained to provide coordinated advice on issues surrounding a client's entire financial picture. NAPFA members adhere to a rigorous code of ethics, have extensive continuing education requirements, and are committed to the National Association of Personal Financial Advisors Fiduciary Oath.
Fee-based compensation is a confusing and potentially misleading term. Fee-based advisors are different from fee-only advisors. Whereas fee-only advisors are paid only by the client, fee-based advisors may receive fees both from the client and from the sale of products, as well as other non-client compensation. Fee-based compensation includes commissions, 12b-1 fees, referral fees, and other indirect forms of compensation. Such payments may represent conflicts of interest and are not always disclosed clearly to clients.
Campbell Financial Partners, LLC is a fee-only firm. Period. We receive no compensation of any kind other than that paid by our clients. Our financial planning and investment advice is dictated by what is best for you and you alone. If there is a potential conflict of interest, we will disclose that when we give you advice so that you are able to make a well-informed choice.
No. We have no income or asset minimums. Should you engage us for professional investment management, our fees start at .9% of the first $1M of managed assets, with an annual fee minimum of $5,000 (additional details in #12 below).
Anyone looking for financial peace of mind can benefit from working with a fee-only financial planner. Each individual's situation is unique. Someone just starting out may need a detailed, long-term plan of action, whereas someone already on the road to achieving their goals may simply need a new strategy, professional insight, or a second opinion for an existing plan. We customize our services to meet each individual's needs.
The long-term goal for most clients is to enjoy a secure retirement. Most of our clients are pre-retirees or retirees, as Retirement Planning is an area in which we specialize. There are a myriad of complex planning issues and choices, including portfolio design, withdrawal strategies, Social Security claiming decisions, pensions, employer plan rollovers, and tax efficiency, just to name a few. Making the right choices, both initially and ongoing, is critical to retirement success. Hiring the right financial advisor to guide you generally pays for itself many times over.
We offer specialized investment management and ongoing advice. We are also happy to provide information and advice to clients who have tax-deferred plans through their employer.
We offer many services for those people who need more sophisticated financial planning and investment advice. If your goals include simplifying your financial affairs and improving your long-term financial picture, our investment management service would be most appropriate.
As financial advisors and investment consultants, we believe in the following fundamental principles when it comes to designing an investment portfolio and making specific recommendations:
The important thing to remember is that no one can predict the future. Difference of opinion makes a market. Investment and economic “experts” provided with the same information often come to different conclusions. We do not suggest that we, or that any of the money or mutual fund managers that we may recommend, will make the correct decision every time. We do believe, however, that studying the historic trends and relationships of investment classes and the philosophies and approaches of successful investment managers can provide valuable insight.
There is no charge for the initial consultation meeting, which will generally take 1-2 hours. Once we identify your needs and agree on the scope of services, we will give you a fee quote for the initial planning work and for ongoing advice and investment management. We charge a one-time fee for the initial work and an annual fee for the ongoing service. The annual fee is generally a percentage of assets, billed quarterly. The asset-based fee is .9% on the first $1 million; .7% on balances between $1-3 million; .4% on balances between $3-5 million; and .3% on balances over $5 million. These are tiered fees, so each tier is added to the next. Details will be discussed in our initial meeting and are also available in our ADV Part 2 Disclosure Brochure, which can be found below.
Our financial planning fee is based on the estimated time involved in reviewing and analyzing your situation, researching any issues, developing observations and recommendations, and meeting with you to present the recommendations. Financial planning work is done on an hourly or flat fee basis. Our hourly rate is $250 per hour and a full financial plan can take anywhere from 8 to 20 hours or more. For more complex plans, we will work on a flat fee basis.
Yes, with certain limitations. Section 212 of the Internal Revenue Code permits an itemized deduction for tax and/or investment advice in the miscellaneous section of Schedule A. All combined miscellaneous fees must be greater than 2% of your adjusted gross income in order to be deductible.
Most new clients come to us as referrals from existing clients, but we do accept a limited number of new clients without a referral. Our process generally begins when we receive either a phone call or an email, with a detailed explanation of your situation and what type of financial advisor relationship you are seeking. Call Kathleen Campbell at 239-454-5333 to schedule an appointment. Note that the initial phone call is usually at least 15-20 minutes long, since much information is exchanged in order to determine whether a meeting should be our next step. If we schedule a meeting, we ask that you complete our Financial Planning Questionnaire and fax or email it to us at least a week in advance of the meeting date. We may also request statements or additional information prior to the meeting. While no advice is given at the initial meeting, we want to have a clear picture of your current financial situation in order to make the most productive use of the meeting time. We will explain our services in detail and will determine a fee structure at that time.