Frequently Asked Quesions
Why should I use a financial planner?
The greatest benefit of using a Certified Financial Planner is that they look at the overall picture of your finances and not just one area. We realize that most people have limited resources to work with each month. At Nobles Pound Financial Planning we help clients make the most of their money. Do you have an emergency fund? Are you paying off your debt efficiently? Do you have enough life insurance? Are you saving enough for retirement? Do you have a will, power of attorney and health care documents?
What is the typical financial planning process used?
We generally use a three appointment process. The first appointment is data collection. The second appointment is where we present our recommendations At the third appointment we answer any questions the client may have as well as take the necessary steps to implement that plan.
What is a Certified Financial Planner (CFP)?
This certification identifies individuals that have met the rigorous experience and ethical requirements in the areas of financial planning, risk management, investments, tax planning and management, retirement and employee benefits, and estate planning.
Requirements for certification include 3 years of experience as well as passing a 1 ½ day comprehensive examination.
What do I need to bring to an initial appointment?
Just about everything financially related We will need your most recent copies of bank statements, investments statements, retirement/pension statements, social security statements, life insurance statements. We will also need to know the following about any outstanding debt: current balance, current interest rate, current payment and the term (ie: 5 yr, 30 yr) of the debt. It is also helpful to bring a copy of your will and any trust documents you have.
Do financial planners manage investments?
Yes we do. We realize that investing isn’t “one size fit’s all”, but should be tailored to meet your individual needs. Before we construct a portfolio we determine an individual’s goals, risk tolerance and time horizon. This information is essential in order to build the proper portfolio to meet your goals.
How are financial planners paid?
Nobles Pound Financial Planning is a fee-based financial planning firm. We charge a fee as a percentage of investments under management or receive a commission.