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Covenant Wealth Advisors is a fee-only financial planning firm and registered investment advisor.
Fee-only means clients pay us a fee for our advice and services and we never receive commissions or third party payments from product companies. This is different from most financial advisors who may sell products in an effort to earn a commission.
As a fee only financial planning and wealth management firm, we are paid the same regardless of the products we recommend. We believe this reduces conflicts of interest and better aligns our interests with yours. Moreover, as a fee-only financial advisor our goal is to provide you with the best advice, not to win sales contests.
Frequently Asked Questions
Do you guarantee your services?
Yes. If you aren't satisfied with the advice you receive, we'll refund 100% of your financial planning or wealth management fees within the first six months of becoming a client.
How much does it cost to talk to a financial advisor?
The first two meetings always free with no obligation or cost. We view this time as an opportunity to learn more about each other, to find out if we can help you, and to discover if there is a mutually beneficial reason to work together.
👉 Click here to schedule your free assessment.
How much does a Covenant Wealth Advisor cost?
Before we engage in a relationship, we'll identify the appropriate fee structure based upon your needs and the type of financial advice that you seek. Our goal is to deliver meaningful and valuable advice that far exceeds the fees we charge.
We typically charge one of three ways:
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Wealth management: For wealth management clients with over $1 million in managed assets, we typically charge an annual blended fee between 0.40% to 1.00% of the assets that we manage on your behalf. For accounts less than $1 million, fees will not exceed 1.25% per year. Fees are billed quarterly, in advance of the quarter.
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Financial planning: For a one-time financial plan, we charge a fixed fee that typically ranges between $1,500 to $6,500 depending upon your situation. This fee is waived for wealth management clients.
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Hourly fee: Hourly fees are typically charged to clients who have already purchased a comprehensive plan, but they want a refresher or plan update a year or so down the road. We charge $250 per hour.
You'll never pay commissions and we never receive payments from third parties, thus reducing conflicts of interest.
What does fee-only mean?
Fee-only means that we don't receive commissions. Instead, clients pay us a fee for our advice and services. This is different from most financial advisors who may sell products in an effort to earn a commission. As a result, you may pay much higher costs and/or receive inferior products or services.
As a fee-only financial planner, we are paid the same regardless of the products we recommend. We believe this reduces conflicts of interest and better aligns our interests with yours. Moreover, as a fee-only financial advisor our goal is to provide you with the best advice, not to win sales contests.
What services do you provide?
We provide two primary services which include:
Financial Planning is the process of developing a road map (financial plan) for your future. You'll partner with a Certified Financial Planner who will help you clarify and prioritizing your goals. Then, we collect your financial facts and develop a plan specifically for your situation. Finally, you'll receive clear and concise recommendations addressing all of your financial questions. The experience will give you the clarity and insight you need to live a more financially confident life. Your plan may cover:
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Retirement income planning and expense projections
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Education planning
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Life planning
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Asset management
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Income tax planning
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Insurance planning
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Estate planning
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Legacy planning
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Net worth analysis
Wealth Management is a comprehensive service that includes the develop and maintenance of a personal financial plan (see above), investment management, and continuous advice as your life and needs change.
We serve as your Personal CFO keeping you are track toward your life goals.
Download a summary of our financial planning and investment advisory services here.
Who is your ideal client?
We do our best work with someone age 50 plus who has over $2 million in investment assets and you value hiring an expert because you know your retirement is too important to manage it alone.
What don't you do?
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We DON'T represent any product companies
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We DON'T receive commissions from product companies
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We DON'T try to hard sell you a bunch of insurance policies
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We DON'T ever compromise our fiduciary standards
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We DON'T file your tax return.
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We DON'T work on the weekends (that's reserved for our family:)
