Reasons to NOT Work With Think Different Financial Planning

Nov 8, 2022

Picking the right financial advisor is an important and personal decision.

In order to help you make an informed decision, we’ve listed a few situations when we would not be the right financial advisor.

Our goal with this post is to be respectful of your time and upfront about who we are. Thank you for your consideration.

You Are Not Interested In Working With A Newer Company
Think Different Financial Planning (TDFP) was founded in March of 2021. Since then we have been growing consistently, have a stable base of clients, are profitable, and have many established processes in place. If you’d prefer to work with a company that has been around longer, we are not the right fit.

You Are Seeking An Older Advisor
The founder of TDFP, Will Steinberger, was born in 1987. He’s been in the industry since 2014 and is a Certified Financial Planner. If you’d prefer to work with someone older, we are not the right fit.

You Are Seeking A Financial Advisor AND Accountant
Accounting and financial planning are two unique professions. We feel it’s best to try and do one well, as opposed to being spread thin by two. We do review your tax situation and advise on tax-minimization strategies, but we don’t file your return. If you need a referral for a good accountant, we’re happy to provide one. We are also happy to communicate and work with your existing accountant.

You Do Not Want Assistance With Your Investment Management
If you do not want assistance with the operational side of your investment management, we are not a good fit. This includes: trading, rebalancing, tax-loss harvesting, and dollar-cost averaging into or out of an investment. TDFP opens accounts for clients at Charles Schwab, and we have the ability to trade and implement client-approved portfolios. This also allows us to provide performance reports. We do not have an account minimum, but we require at least one of your investment accounts (e.g., IRA, Roth IRA, brokerage account, trust account, etc.) be under our advisement.

You Want To Beat The Market or Use an Active or Reactive Investment Approach
If you want an investment manager who aims to predict near-term macroeconomic results (e.g., company earnings, interest rate movements, etc.), and incorporate those predictions into their investment approach, we are not a good fit. We primarily invest in globally diversified, low-cost, tax-efficient portfolios using passive exchange-traded funds. We don’t believe that you can beat the market, but think you are entitled to get market rates of return. Learn more about our Investment Philosophy.

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    Past performance is no guarantee of future returns.

    The graphs and charts in this commentary are for illustrative purposes only and not indicative of any actual investment. Index returns do not reflect any fees, expenses, or sales charges. It is not possible to invest directly in an index. Stocks are not guaranteed and have been more volatile than other asset classes. Historical returns were the result of certain market factors and events which may not be repeated in the future. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgement in determining whether investments are appropriate for clients.

    This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities.

    1. Data from Morningstar. Returns over one year are annualized.

    Disclaimer: Investments are not guaranteed and are subject to investment risk, including possible loss of the principal amount invested. Past performance is no guarantee of future results. All allocations and opinions expressed are as of the date of this presentation and subject to change. The information contained herein does not constitute investment advice or a solicitation. Information obtained from 3rd parties is believed to be accurate, but has not been independently verified.

    The opinions expressed in this article are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. The material is presented solely for information purposes and has been gathered from sources believed to be reliable, however Think Different Financial Planning cannot guarantee the accuracy or completeness of such information, and certain information presented here may have been condensed or summarized from its original source. Think Different Financial Planning does not provide tax or legal advice, and nothing contained in these materials should be taken as such. As always please remember investing involves risk and possible loss of principal capital. Advisory services are only offered to clients or prospective clients where Think Different Financial Planning and its representatives are properly licensed or exempt from licensure. No advice may be rendered by Think Different Financial Planning unless a client service agreement is in place.