Yes, our investment strategy guarantees that the strongest of asset protections apply to your investments. We have access to hundreds of different FDIC protected investments and are not limited to a single company or type of investment and offer a very wide selection of SIPC insurance, FDIC insurance if applicable, and supplemental insurance purchased by Fidelity.
When we meet with clients for the first time, we gather information about their own personal, current financial condition and then using our state of the art computer program, we (1) project where they will be on a yearly basis for their foreseeable future; (2) help them to choose the assumptions that determine their projected financial status and (3) work with them to adjust the variables that impact their investment approach.
In this process, we sit with them as coaches and educators, helping them to understand how their current situation and assumptions play out as they look to the future. By the end of the first meeting, our clients typically (1) have a clear understanding of their present financial condition, (2) know where that condition will take them as they move forward and (3) understand what adjustments they will need to make to meet their future goals and expectations.
A key strategic element to the Divergent Wealth Advisors’ approach in our planning and strategy sessions with clients is to create a “worst case scenario” environment, and then to have a plan that works in that scenario. If the future is better than the worst-case scenario we created, which hopefully it will be, the clients’ overall plans achieve more than was implied by the worst-case design. This planning process empowers clients because not only do they vividly see a plan for their future, but they understand it. That is exciting!
We believe that our planning engagement process is truly what sets us apart from any competition. Too often when you engage a financial planner, they will send you a twenty-page document that must be filled out and sent back prior to your appointment. Often, their assistant inputs your information into a computer program which spits out a report of which the vast majority of your appointment is spent reviewing. That planning process is inefficient and does not qualify as a best practice means to effective financial advising. Clients do not fully understand the assumptions or different combinations of assumptions that go into the plan and, therefore, they often fail to take ownership of it or stick to it. Over the next few days, weeks, or months, for the investor the plan ultimately becomes meaningless.
The great majority of the time we use the “assets-under-management” fee structure, and are typically referred to as “fee-based” advisors. This means that instead of charging a larger commission every time a buy or sell is done, we charge a much smaller annual fee that encompasses or includes all transactions as well as all planning and advising costs. On the rare occasion that a specific investment or insurance vehicle is the most appropriate and is commission based, we disclose all costs and commissions for the product and weigh them against other alternatives.
We do not hold your assets at Divergent Wealth Advisors. As we established our firm, we knew that in the world of investments we had a vast number of options for an independent, primary custodian of the assets for which we would have responsibility. After much research, deliberation, and considerable effort we chose to place in custody all our client assets with Fidelity Investments.
Fidelity is renown in the investing world as a company of depth, breadth and history. We felt that they offered the most complete package of reputable history, financial stability, and service reliability. As the custodian of our clients’ assets, they are our biggest partner.
They are a family owned and privately held business with deep conservatively managed roots and are one of the largest asset custodian and brokerage firms in the world. That they are not publicly traded matters a lot to us as it removes the serious challenges of putting shareholders ahead of investors in both their philosophy and practices of doing business. We are pleased to note that it has never had the bailouts that many Wall Street firms have required.
Absolutely, we have spent a considerable amount of money hiring a third-party to calculate and verify the performance that is reported to clients and prospects. We have used a third-party to eliminate conflicts of interest. Too often we’ve seen advisors’ cherry picking specific accounts and metrics to be calculated.
Yes, we do. For many people a (401(k) comprises a large part of their net worth and should be carefully managed as a critical part of their financial plan. While we cannot manage these investments directly, we can monitor them and advise clients on how best to take the greatest advantage of their 401(k) accounts.
Yes. For public or private speaking events, please call (385) 237-4000 to inquire about costs and topics.
We have access to hundreds of different FDIC protected investments and are not limited to a single company or type of investment. If FDIC protection is important to you we can show a very wide selection of FDIC insured investments.
Please see “QUALIFYING MY ADVISOR” section of our website.