Frequently Asked Questions

What is wealth management?

Wealth management is the process by which professional services are combined to include financial and investment advice, asset management, accounting and tax services, legal and estate planning, asset protection, debt management, and risk management. Wealth management also includes the articulation and understanding of the dreams, hopes, and goals you want to fulfill with your wealth while also protecting and distributing it, both during your lifetime and after your death.

Do I have to be rich to do wealth planning?

No, wealth planning also includes the accumulation and desire to become wealthy. Wealth is developed over time and our service plays an integral role in helping you meet your goals in the most efficient and cost beneficial manner with both confidence and security.

Why should I do wealth planning, I already have a financial planner or stock broker so what’s the difference?

When planning for your family’s financial future it is important to know that your financial well being is in place over time, just like you planned it. Along the way what can deviate you from your goals are miscalculations and the ever changing circumstances in our lives and uncertain financial markets. To assure you are on track with all areas of your financial needs, it is important to have a global approach with leadership and a team of experts working together for your financial future in a seamless and coordinated effort.

Think of it as being on a football team with only one or two players, or a motley crew to help you get to the goal line. On the other side is the defense comprised of many obstacles like taxes, retirement, financial markets, health, etc., that you face along the way in meeting your goals. Wouldn't it be better to have an expert in each field on the same team working to guide you in the right direction to get to the goal line? Our firm is the quarterback on your team directing and coordinating the plays and players so we guide you in a precise manner, without any doubts to the goal line.

With a specific vision of what your financial future should look like, utilizing the synergy we offer with our wealth management team approach is the catalyst in providing a value added service and reliable advice you can depend on and trust in getting you there expeditiously and with confidence.

Can't I just do it myself?

You probably can but do you really have the expertise, time, resources, and discipline to manage and keep your plan moving forward? Are you sure you are making the right decisions? It is better to rely on the experts that work in these specialized and complicated fields on a full time basis.

What makes Spectrum Wealth Management so unique?

There are two important elements that make us different. First, we consider ourselves true wealth managers comprised of financial and professional experts working together under one roof in a strategic alliance. Most so called wealth management firms are nothing more that an investment advisor wanting to manage your money with the intention of bringing in other outside professionals to work together. Their goal is strictly making money on your investments. There can be good intention with this approach but it is very difficult and costly to keep coordinating all the professionals over time. Our firm's primary goal is to quarterback the overall financial guidance of your comprehensive financial plan. We are a division of a CPA and financial planning firm that already has the expertise, in house, that helps to eliminate the effort of communicating and coordinating all of the financial professionals.

Second, we have the technology and expertise to prepare a live comprehensive financial plan that is web based, aggregating all of your accounts including debt, that is updated on a daily basis. Our highly automated and sophisticated software provides the details to meet your goals and the steps we need to take. This platform is constantly updated with your financial information so you truly have a living plan to follow and adjust to periodically as your circumstances change. We work with you in a shared responsibility role to oversee and manage your plan over time.

In addition, your personalized plan has the capability to store and manage all of your legal documents, tax returns, personal documents, etc at the same secure website known as a "vault". It will also provide alerts to critical changes that need our attention. Again, this helps to brings together the central process of working in a team effort to interact and administer your wealth.

I would like to retain some of my other professionals I have worked with.

Our wealth management program is designed so we have the control to guide your plan in the most expeditious and cost effective manner possible. In order to gain the most from our program, it is best that you follow our guidance to properly manage your wealth plan.

We do not want to compromise our wealth management system but in a effort to look out for your best intentions we are willing to work in conjunction with some of your other advisors in areas of like risk management, debt management and legal services.

What are your fees?

Our standardized fee schedule to prepare your comprehensive wealth management plan is based on your income and net worth. Depending on the overall services we provide to you, we may be able to offer a discount on our wealth management planning. Please see "How Do I Get Started" so we can personally discuss our fee. Our goal is to provide the best overall services to meet your goals at the most effective cost.

What is the value of having a wealth management firm?

Our comprehensive and integrated wealth management program will provide you with the greatest value possible to effectively achieve your family goals and objectives in the most efficient time. Our program will provide the trust and confidence you desire with a professional financial firm looking out for your best interests at the most economical price possible.

How do I get started?

Contact us either by completing your contact information on the website or calling so we may answer any questions you may have or to schedule an appointment.