Financial Planning to Enrich Your Entire Life
We looked closely at the financial planning industry and found that something was missing: an unbiased, human approach that takes into account all that you are. Our work is founded on three principles:
Financial Planning is for Everything Your Money Touches and Essential to Living Well
Because every decision you make has financial impacts, your financial planning should take into account everything your money touches--not just retirement planning and investments--and be regularly revisited. Like medical care, financial planning for your entire life is essential to living well.
Financial Planning Should be Unbiased and Delivered by Certified Professionals
Your financial security is critical to your well-being. That’s why financial planning should only be offered by a licensed, trained CFPⓇ professional who meets with you personally and acts solely in your best interest (no commissions).
Financial Planning Should be Accessible With or Without Money to Invest
Financial planning should be about your needs, regardless of how much money you have to invest. Whatever your circumstances, you should have access to reliable, personalized financial planning that advocates for you and is offered for a fixed fee.
How We Can Help
Your financial life is impacted by much more than the market. Unplanned and planned changes are a part of life, so your CFPⓇ Professional at Facet Wealth will work with you on an ongoing basis to create the best possible outcomes.
Life Milestones
- Getting married or having children
- Separation or divorce
- Healthcare or medical expenses
- Inheritance or a death in the family
- Buying or renting a home
- Elder care planning
Career Changes
- A new job, raise or career change
- Employee stock plan questions
- Starting a business
- Benefit selection
Investments & Taxes
- Investment management and optimization
- Retirement account management
- Market and tax law changes
- Tax planning questions
Retirement Planning
- Distribution strategies
- Generational transfers and charitable giving
- Navigating Social Security
- Healthcare planning
How We’re Different
Traditional Financial Advisor |
Robo-advisor |
||
|---|---|---|---|
| What am I actually getting? | |||
| What am I actually getting? | Personalized, jargon-free advice for everything money impacts in your life + help executing your plan |
Usually a 30-60+ page report that mostly focuses on your investments |
A “robot” or algorithm, that manages your investments; sometimes can ask a person one-off questions for an additional fee |
| What are the minimum assets required? | |||
| What are the minimum assets required? | $0 |
Typically $100K or more |
Varies |
| How is my planner qualified? | |||
| How is my planner qualified? | Always a CFPⓇ professional (the highest possible certification) and fiduciary
|
Titles are unregulated and misleading - not always a CFPⓇ professional
|
No, or limited access to, a financial planner
|
| How will we meet? | |||
| How will we meet? | Four meetings/year (on average) accessed from anywhere, on your schedule
|
Typically one or two meetings/year, usually in-person, during business hours
|
No--or only ad hoc--meetings
|
| How will technology be used? | |||
| How will technology be used? | Easy-to-use platform with key info in one place
|
Technology is usually not a central part of the service
|
Technology is typically the only service offered
|
| How will my fees be calculated? | |||
| How will my fees be calculated? | One fixed fee based on your needs
|
Varies; typically a % of what you invest, plus fees. Cost increases as your money grows.
|
A % of what you invest, plus fees. Cost increases as your money grows.
|
Frequent Questions
When it comes to financial planning, you need a trusted advocate who looks at the big picture–including, but not limited to, your investments. Your planner should advise you on the financial aspects of life events like retiring, having a baby, or starting a business, and they should keep up with your evolving needs with regular check-ins. That’s why our advisors meet with clients four times a year, on average, and check in as needed between meetings. And our subscription model means you’ll get uninterrupted advice, with no sales pitches.
By working virtually, Facet gives you access to the highest level of financial planning available, wherever life takes you. With a growing staff of over 100 CFPⓇ professionals working virtually, we can match you with someone who’s perfect for your unique needs, regardless of location. We’ll meet with you according to your schedule, without the hassle of commuting to an office. Working virtually also allows us to offer the highest level of financial advice at an affordable cost (it’s also why we grew 4x in 2020 alone!).
Grow Your Knowledge
We think financial planning information should answer more of the questions we all have and be less complicated. Learn about how we approach personal finance through our library of free articles that will help you deepen your financial literacy.
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