Broker Check

Frequently Asked Questions

  • A:  Our initial introductory call  will be a stress-free, no-obligation way of getting to know one another to see if we’re a great fit.

  • A: We’ll only need to exchange contact information for our initial introductory call.  Afterwards, if we agree to work together, we’ll need to gather information regarding your family’s goals, income, savings and debts, investment and retirement accounts, insurance policies, wills/trust documents, and anything else you would like for us to review.  The more we know about your financial situation, the better and more accurate your financial plan will be!

  • A: Absolutely...that's what we do! We pride ourselves on taking advanced topics, removing the jargon, and explaining them so clearly that you’ll feel confident and empowered with your financial decision-making!

  • A: Not at all!  There are no account minimums at Tusk Financial Planning, and unlike a lot of other financial firms that pursue high net worth clients, we prefer to help our clients build wealth; we don’t chase wealth.

  • A: For financial planning services, we accept credit cards, checks, and ACH through a bank account, as well as payment from a non-retirement account held at LPL Financial.

  • A: Absolutely.  When it comes to investment advice, there are two standards:

    • The fiduciary standard: Advisors must put their clients’ interest above their own. They must follow the very best course of action and either avoid conflicts of interest, or clearly disclose any potential conflicts to clients.

    • The suitability standard: Advisors must provide advice that is suitable.  For example, they can recommend investments that pay a higher commission, even if there are better investments available, as long as that investment is appropriate for the client.

    We are legally bound to put your best interests first, and we have always done so.  We wouldn’t have it any other way.  We take our fiduciary obligation very seriously!

  • A:  For 50 years, CERTIFIED FINANCIAL PLANNER™ certification has been the standard of excellence  for financial planners. CFP® professionals have met extensive training and experience requirements, and commit to CFP Board's Code of Ethics and Standards of Conduct that require them to put their clients' interests first (i.e. fiduciary).

    CFP® certification also demonstrates that your financial advisor has a strong commitment to personal financial planning and that they are an expert in their field.

  • A:  Not at all.  While studies have shown that having an experienced financial professional manage your investments will help remove emotion from investment decision-making, we understand that some people prefer to manage their own investments.  We, instead, will focus our efforts on the numerous complex topics involved with comprehensive financial planning.

  • A: Commission-based advisors receive compensation by executing transactions in their clients’ portfolios and selling insurance.

    A fee-only advisor receives set fees from clients, and not from the sale of any investment or insurance product.

    A fee-based advisor is a hybrid model that gives clients access to a wide range of investment and insurance solutions, while holding the advisor to a fiduciary standard when recommending securities and products.

    We at Tusk Financial Planning are fee-based.  We don’t believe that a comprehensive financial planner and fiduciary should refer their clients to a third party or a “do-it-yourself” website for insurance simply to avoid a commission.  We prefer to help our clients select their insurance products because insurance is complicated, and we want to help guide you into making the best choice for your family.  We will be the people helping you update beneficiaries, reviewing your cash value and riders, and determining if your coverage is sufficient for your goals...going above and beyond.  That’s the Tusk Difference.

  • A:  Please visit Our Services and Fees (second half of the page) for a more detailed explanation of our financial planning and wealth management fees.  For financial planning services, we accept credit cards, checks, and ACH through a bank account, as well as payment from a non-retirement account held at LPL Financial.  For wealth management, fees are typically taken out of the accounts that are being managed.

  • A:  No, never.  We do not charge per hour or per interaction.

  • A: Absolutely!  While we feel that there’s no substitute for face-to-face meetings, we understand that not everyone has the time to meet in person.  We currently offer virtual meetings via Zoom, and may expand to Google Meet and/or Microsoft Teams in the future.

  • A: That’s great! Everyone has different levels of skill and comfort when it comes to managing their own money, and it’s not always easy to remove emotion from the decision-making process, especially when the stock market is volatile. 

    The good news is that we at Tusk Financial Planning do not have to manage your investments!  Our comprehensive financial planning includes goal setting, cash and debt management, budgeting, retirement planning, risk management (life / disability / long-term care insurance), tax mitigation, estate planning, financial coaching, Social Security planning, and so much more beyond investment management.  We look forward to showing you how Tusk Financial Planning can help improve ALL facets of your financial life!

  • A:  To view your investment accounts, please visit LPL Account View.  To interact with your financial plan, login to RightCapital's website.  You can also access your plan and accounts through their respective mobile apps on the Google Play store (RightCapital | LPL Account View) and Apple App Store (RightCapital | LPL Account View).

  • A:  Our normal hours are from 8:00 am to 6:00 pm, Monday through Friday, with weekend meetings available by appointment only.  If you can only meet during a specific period of time, please let us know and we’ll do our best to accommodate!

  • A:  Absolutely!  We have received extensive training on military (and federal) benefits, including the Thrift Savings Plan (TSP), Servicemember's Group Life Insurance (SGLI), Veterans Group Life Insurance (VGLI), and the Survivor Benefit Plan (SBP), among others.  We know the difference between officer and enlisted, and how BAH/BAS and base pay varies for each.  And we know the difference between the High-36 and Blended Retirement System (BRS) pension plans.  Mostly importantly, you can even keep your financial advisor when you ultimately PCS!

  • A:  At Tusk Financial Planning, we don't hold onto your investments ourselves; they are held at the third-largest custodian by investments under management, LPL Financial.  LPL Financial has been around for over 30 years, and is a publicly-traded Fortune 500 company.

  • A: The CFP board has a great list of questions; if your financial advisor can't answer them, you may want to consider other options.  Check out 10 Questions to Ask Your Financial Advisor.

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