Frequently Asked Questions
What does a fee-only financial planner do?
Financial planning is all about helping you make better financial decisions. This is done in two ways: through education and behavioral changes. As we work together, 90% of my effort will be spent helping you understand your unique financial life and avoiding financial perils by making better decisions.
We start by establishing goals that are meaningful to you and your family. This could be retirement, or more near-term goals like saving for a down payment or a child's college education.
Once your goals are identified, we look at your financial picture to see how you can achieve them by building a financial plan. Clients often need to make adjustments to their financial habits--such as saving more, investing differently, or spending less--and we work together to do so.
As life goals will inevitably change, we make the necessary adjustments to your plan and financial habits to accomplish them.
Will you help me pick stocks?
Nope. Research shows that most stock pickers are terrible at it, even the professionals. My investing philosophy utilizes low-cost, diversified investments through mutual funds or ETFs. If you want an adviser who will help identify the next "winning stock", you should probably look elsewhere.
How are you different than other financial advisers?
Many financial advisers target individuals and families with significant retirement nest eggs by charging a fee (usually 1.00% to 2.00%) based on a minimum amount of assets. There are a couple of problems with this approach.
First, I believe families need the most help in the earlier stages of their financial life. Since young families are still growing their nest eggs, they rarely have the minimum amount of assets required to meet with an adviser.
Second, many financial advisers provide investment guidance, but often neglect other financial matters, such as defining goals, cash flow and debt management, insurance planning, or saving for a child's college.
I created Hale Financial Solutions to make advice affordable and accessible to families young and old who are facing complex financial challenges beyond where to invest their hard-earned dollars.
How much do you charge your fees?
The prices for my services can be viewed at this link by selecting a desired service. My prices are extremely competitive by industry standards and flexible enough to give you access to financial advice regardless or your total wealth or income. I am a fee-only financial advisor, meaning I don't earn any commissions or hidden fees for selling certain products.
Do I have to live in Wyoming to work with you?
Star Valley, Wyoming is not only known for its natural beauty, but its long, cold winters. Despite the great outdoor activities, it's not for everyone. Using modern tools, we can work together regardless of your location. If you live in Wyoming, or happen to be passing through Star Valley, feel free to visit my office.