Frequently Asked Questions
Please click the questions below to discover the answers.
What is financial planning?
Click here for more details about our Financial Planning Process.
What is a financial planner or advisor?
Anyone can say that he or she is a financial planner or advisor. That’s why it’s essential to be sure of the qualifications and credentials of any “planner” or “advisor” before you pay anything or entrust them with your financial present or future. We offer a no-obligation Get Acquainted meeting via phone or in person.
Emerick Financial Planning is well-qualified to help you with your financial advisory needs. Carl is a CERTIFIED FINANCIAL PLANNER™ professional, a Certified Public Accountant, and holds a Masters degree in Financial Planning. He has taken extensive training, adheres to a rigorous code of ethics, and is independently registered as an investment advisor with the state government. Carl adheres to the CFP Board Code of Ethics and Practice Standards and the National Association of Personal Financial Advisors Fiduciary Oath.
What’s so different about Emerick Financial Planning?
How can a financial advisor help me?
Each individual’s situation is unique. Someone just starting out may need a detailed, long-term plan of action while someone else already on the road to achieving their goals simply may need a new strategy, professional insight, fine-tuning or second opinion of an existing plan. That’s why we custom tailor our services to meet each individual’s needs.
Goals can be short, intermediate, or long-term. Reducing current income tax liabilities, for example, is a short-term goal, while funding a child’s education an intermediate one, and enjoying a secure financial retirement a more long-term goal.
By focusing on cash flow, investments, taxes, pensions and retirement plans, estate planning, insurance issues, savings opportunities, and other general financial matters, Emerick Financial Planning can design a customized financial plan for you.
What if I want or need to buy investment or insurance products? How do I do that?
Does Emerick Financial Planning provide just comprehensive financial planning?
No. Although a comprehensive financial plan yields the greatest benefits, we also can limit our services to individual, specific needs like cash management and budgeting, investment analysis, or college education funding—whatever is critical to you right now.
My spouse and I need help and guidance getting started building for our financial future. Will you accept us as clients?
Remember, you don’t have to have a fortune to start building one. Click Contact Us and start building today.
I already have substantial assets and am doing quite well financially—I think. Can you help me?
Can you help me with any kind of securities?
If it has to do with money and finances, Emerick Financial Planning can provide counseling, guidance, and resources. Whatever advice you need, whenever you need it, we can help.
If I use Emerick Financial Planning to develop a financial plan, am I obligated to purchase the recommended products?
The extent of your advisor’s involvement in helping with your purchase of a product or investment also is up to you. If you would like, an advisor can help you purchase investments and/or set up your accounts with a third-party custodian like a discount broker. Since Emerick Financial Planning is not compensated by commissions on products, you can be assured that our recommendations are based on what we truly believe is in your best interests. We take our fiduciary role seriously.
What is Emerick Financial Planning’s investment philosophy?
The purpose of a client’s investment portfolio is to fund current and/or future financial objectives.
The design of the portfolio must take into account the client’s financial objectives, tolerance for risk, needs for current income or liquidity, and special considerations such as income and estate taxes.
The important thing to remember is that no one can predict the future. Difference of opinion makes a market. Investment and economic “experts” provided with the same information often come to different conclusions. We do not suggest that we, or that any of the money or mutual fund managers that we may recommend, will make the correct decision every time. We do believe, however, that studying the historic trends and relationships of investment classes and the philosophies and approaches of successful investment managers can provide valuable insight.
The appropriate allocation of investment assets for your goals and risk tolerance is the most important component in developing an investment portfolio.
We believe that a diversified, well-balanced portfolio, combined with long-term buy-and-hold strategies, affordability, and patience, increases the likelihood that one will achieve his or her long-term financial objectives.
How does Emerick Financial Planning select investments for a client?
With equities, the focus is primarily on the philosophies, experience, and track record of the management team. With fixed income investments, Garrett advisors look for the best yield available for a given quality of security.
As fiduciaries for our clients, we strive to obtain the most appropriate investment vehicles to meet a client’s objectives, while being very conscious of total expenses and risk exposure.
How does Emerick Financial Planning charge for periodic financial advice?
Once my financial plan or project is finished, will our relationship end?
Because financial planning is a process, not an event, we offer ongoing services, periodic reviews, and day-to-day consultation as requested and/or needed if you so desire.