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.
Do you guarantee your services?
We guarantee our services. 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 meeting is always free with no obligation or cost. We view this time as an opportunity to learn more about each other. It also allows helps us determine if we can help you and if there is a mutually beneficial reason to work together.
The first step is to schedule an initial intro call to learn more here.
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:
Fixed fees: For financial planning services, we typically charge a flat fee between $2,500 - $3,500 depending upon the complexity of your situation.
Percentage of assets under management (AUM Fee): For wealth management, we typically charge between 0.40% to 1.00% of your portfolio value per year if we manage $1 million or more of your combined investments. Fees will not exceed 1.25% for accounts less than $1 million.
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 or be sold products.
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:
Retirement income planning and expense projections
Income tax planning
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.
What don't you do?
We DON'T represent any product companies
We DON'T take kickbacks from product companies
We DON'T try to hard sell you a bunch of insurance policies
We DON'T ever compromise our fiduciary standards