Frequently Asked Questions
I Don’t Live in Houston, TX. Can We Still Work Together?
Absolutely! I am Fee-Only financial planner located in Houston, TX, serving clients both locally and across the country. Video conferencing allows us to conveniently meet virtually. You do not have to live in Houston, TX for our partnership to thrive.
If I Don’t Have Student Loans, Can We Still Work Together?
Yes! Helping high achieving professionals create and implement the optimal student loan repayment strategy within the scope of a holistic financial plan is my specialty. As a CERTIFIED FINANCIAL PLANNER™ professional, I have the competency to help you maximize your potential for meeting life goals, by delivering objective advice that integrates both your personal and financial circumstances.
What is Personal Financial Planning?
The CERTIFIED FINANCIAL PLANNING BOARD (CFP Board) Standard of Professional Conduct defines financial planning as a collaborative process that helps maximize your potential for meeting your life goals through financial advice that integrates relevant elements of your personal and financial circumstances.
Financial planning includes risk management & insurance planning, education planning, investment planning, employee benefits planning, retirement planning, income tax planning, and estate planning.
What is a Personal Financial Plan?
A personal financial plan is a written document that includes a list of recommendations to achieve a set of financial goals and objectives based on an understanding of a your values, goals, current financial situation, and life plan.
What is a CERTIFIED FINANCIAL PLANNER™ professional?
A CERTIFIED FINANCIAL PLANNER™ professional is an individual that is authorized to use the CFP® certification marks by the CFP Board. CERTIFIED FINANCIAL PLANNER™ professionals (CFP® professionals) must first acquire the knowledge required to deliver professional, competent, and ethical financial planning services to clients. Additionally they must pass a comprehensive certification examination, complete three years of professional financial planning experience, and adhere to the high standards of ethics and practice outlined in the CFP Board’s Standards of Professional Conduct.
CFP® professionals are also required to complete 30 hours of continuing education every two years, including two hours of ethics education. CFP® professionals providing financial planning services must also abide by a fiduciary standard– meaning that they must in utmost good faith act in the best interest of the client.
What is a CERTIFIED STUDENT LOAN PROFESSIONAL?
CSLP® professionals understand the complexities of the student loan repayment options and have the advanced knowledge required to provide high quality student loan repayment planning advice within the scope of a holistic financial plan.
All CSLP® professionals are required to have a minimum of 2 years full-time work in a financial services role such as tax, planning, insurance, investments. Moreover, CSLP® professionals are required to pass a rigorous two-hour exam to earn the certification and they are also required to re-certify annually to maintain the certification by passing an exam.
What Type of Clients Do You Work With?
I help young & mid-career professionals achieve financial security, peace of mind and the freedom to live their best lives. My clients work in a variety of industries including government, education, healthcare, technology, and aerospace & defense, just to name a few. If you’re looking for a financial guide who goes out of his way to provide you with a solid map that meets your financial needs in the context of your overall values, we’re a good fit.
What Does Fee-Only Mean?
Fee-only means that I will be exclusively compensated by you (the client) and I am not required to sell proprietary products because of an affiliation, nor will I, or Future Map Financial LLC receive any commission, referral fees, or kickbacks from any other entities. The fee-only compensation model distinguishes financial planners that give objective, impartial, and competent financial advice from sales people. Furthermore, the fee-only compensation model provides you with pricing transparency. Many financial planning firms utilize the asset under management (AUM) compensation model as a way for clients to pay for financial planning services. In my opinion the AUM pricing model alienates younger clients who are still in the asset accumulation phase of their lives and who may not have much in the way of investible assets.
How Can You Help Me?
Many people do not do have a financial plan for the future and believe that access to solid financial advice is prohibitively expensive or complicated (not true). Together, we’ll create a financial map that reflects your needs, desires and values.
I provide a hands-on approach that is tailored to you and your circumstances. I’ll be with you from the beginning and I will provide support, encouragement and accountability during our journey together.
Do You have a Financial Planning Specialty?
YES! As a CERTIFIED FINANCIAL PLANNER™ professional, I specialize in helping young & mid-career professionals, many of which are repaying their student loans, navigate the complexities of personal finance by creating a holistic financial plan center around their values. I help my clients select the optimal student loan repayment strategy within the context overall financial goals and objectives.
I Don’t Have Money to Invest, Can I Still Work with You?
ABSOLUTELY!! Financial planning is not just about investing. It is about utilizing your financial resources to live your best life. I believe that objective, impartial, and competent financial advice should be accessible to everyone, regardless of income, investible assets, or wealth. My goal is to establish and retain a long-term relationship with you because I want to help you achieve the financial security and peace of mind you desire. You can begin the journey today!
I am Really Busy. Can We Meet Virtually?
CERTAINLY!! I utilize the latest in technology to deliver financial planning and investment management services efficiently and securely. Client meetings will primarily be held virtually at your convenience, although the first few financial planning meetings will typically be face-to-face meetings.
What is your Investment Philosophy?
Future Map Financial primarily practice passive investment management. Passive investing involves building portfolios that are comprised of various distinct asset classes. The asset classes are weighted in a manner to achieve a desired relationship between correlation, risk, and return. Funds that passively capture the returns of the desired asset classes are placed in the portfolio. The funds that are used to build passive portfolios are typically index mutual funds or exchange traded funds.
Passive investment management is characterized by low portfolio expenses (i.e. the funds inside the portfolio have low internal costs), minimal trading costs (due to infrequent trading activity), and relative tax efficiency (because the funds inside the portfolio are tax efficient and turnover inside the portfolio is minimal).
In contrast, active management involves a single manager or managers who employ some method, strategy, or technique to construct a portfolio that is intended to generate returns that are greater than the broader market or a designated benchmark. Academic research indicates most active managers underperform the market.