Frequently Asked Questions

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Common questions & answers:

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How much does it cost?

That depends on many factors. I can't tell you the price until I understand your situation. By the end of your complimentary consultation, I will be able to tell you what it would cost if we decide to move forward.


Are there any hidden fees?

No. I will explain all fees you pay, in detail.


Are you a fiduciary?

Yes. As an investment advisor representative (IAR) I am obligated to put your interests first--this is the definition of a fiduciary. Think of a fiduciary like this: Imagine you were purchasing a suit from me. If I were a fiduciary, I wouldn't sell you the suit just because it fit you. For me to sell you the suit it would have to look good on you, too.


Does your company have any proprietary or "house brand" investments.

No. We only use publicly traded investments that you could obtain from virtually any investment firm out there. I choose the investments that I feel are appropriate for you and your particular situation based on your objectives, needed return, and your tolerance for fluctuations in your account value.


How much does it cost to meet with you?

There is no charge for a meeting. Meetings are simply part of the process. At the end of your initial consultation, once I understand your situation, I'll be glad to discuss what it would cost if we decide to work together.


How do you get paid?

It depends on many factors. I can explain clearly and in great detail after I understand your situation better. I'd recommend scheduling a no-cost consultation first. https://www.jlyndonfinancial.com/schedule


Are you accepting new clients?

Yes, but I choose my clients carefully. I only take clients I feel are the right fit, and who agree with my process.


Will you work with clients remotely?

Yes. I have clients around the country and we can communicate via email, phone, teleconference, or in person.


Why do I need a financial advisor?

There's a chance you may not "need" an advisor. Occasionally I meet someone who I feel is truly capable of managing his/her financial affairs independently. If you are extremely disciplined, have ample time, the interest, and the desire, you may be able to handle everything on your own. On the other hand, if you don't have the interest, time, or aptitude--find a good advisor. Even if you are able to manage things yourself, one factor many people don't consider, is the emotional component of investing. Unfortunately over the years, I've seen people make some very poor financial decisions in times of stress, occasionally losing tremendous amounts of money, because they didn't have an advisor or didn't follow his/her advice. Probably one of the greatest things an advisor brings to the table is a rational perspective in turbulent times. Studies have shown that most people, left to their own devices, get a far worse return than their investments should have afforded them, due to ill-timed, emotional decisons. I'd be glad to have you in for coffee, a beer, or a glass of wine so we can discuss in more detail.


Do I have to move my investment accounts to you?

Not necessarily, but most of my clients choose to.


So you're an independent advisor. What does that mean exactly?

Great question! Being independent means I don't work for one of the big "Wall St." firms who are usually incentivized based on commissions generated, or firm growth, rather than doing what's right for clients. As an independent advisor, I have no sales quotas, no house-brand investments to push, and no other shady incentives. My motivation is taking care of my clients so that they can pursue their life and retirement goals. Because of this focus, my clients typically stay for life. Being independent also means I can brand and market my firm the way I choose, and only take clients I want to work with.


I'm already retired. Can you still help me?

Yes. Many people come to me after they've already retired. In some cases, I'm their first advisor, and in some cases, the individual or couple have decided to find a new advisor because they're dissatisfied with their current one.


I have a 401(k) at my current job. Can you help with that too?

Yes. In fact I won't have it any other way. I focus on comprehensive financial planning. To do this properly, I need to understand your entire financial situation, including any accounts not held at my firm.


My 401(k) is still in my previous employer's plan. Can you help me with this?

Yes. In fact, I do this quite frequently. In some cases people have multiple 401(k) plans at old employers, and I help them consolidate them all into one account, that I manage for them.


I currently have an advisor but I'm not entirely happy and I'd like a second opinion. Do you do that?

Yes. I'd be glad to take a look at your situation and see if I can improve it in some way. If I can't, I'll tell you. I'd start by booking a consultation: https://www.jlyndonfinancial.com/schedule


What is the difference between a Financial Advisor and a Financial Planner?

Nothing. The titles are essentially synonymous. I prefer Financial Planner, because that is a better description of what I actually do.


Who is LPL Financial?

LPL Financial is one of the nation's leading financial services companies and a publicly traded company under ticker symbol LPLA. The firm’s mission is rooted in the belief that objective financial guidance is a fundamental need for everyone. LPL does not offer proprietary investment products or engage in investment banking activities; this means advisors affiliated with LPL are not pressured or influenced by LPL to sell its products. Thousands of financial advisors nationwide are able to rely on the firm’s tools and resources to help them provide financial guidance and recommendations to help meet their clients’ needs. For more information about LPL Financial, visit www.lpl.com.

 

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