3 Questions You Should Ask

August 31st, 2020
August 31, 2020
Joseph Vecchio
Fiduciary Oath
Are your recommendations truly in my best interest?

Imagine going to your doctor with a concern about your heart. Before running any tests, the doctor tries to sell you a pacemaker. The doctor then explains that you need to act today before prices go up. Later you learned that the doctor was paid extra to promote this particular brand of a pacemaker. While absurd for the medical profession, this scenario closely resembles much of the investment world.

As a firm, we take our Fiduciary duty very seriously and always act in the client’s best interest (vs. just trying to sell you a product).

 

Hippocratic and Fiduciary Oaths

 

In addition to our legal obligation, our firm was built on a foundation of placing the client’s interest before any thoughts of our own compensation. We recommend clients the same investment strategies used in our personal accounts and the accounts of our immediate family members. This commitment to honest and ethical behavior is the guiding principle of Shore Financial Planning.

Fiduciary Oath

  1. I will always put your best interests first
  2. I will act with prudence; that is, with the skill, care, diligence, and good judgement of a professional.
  3. I will not mislead you, and I will provide conspicuous, full and fair disclosure of all important facts.
  4. I will avoid conflicts of interest.
  5. I will fully disclose and fairly manage, in your favor, any unavoidable conflicts.

In other words, I will treat you with the honesty and integrity that you would expect from someone with whom you are entrusting your retirement.

 

Will your recommendations be primarily focused in one area, or will your recommendations be comprehensive in nature? In other words, will I need to find another advisor for advice in other areas?

For our clients, we serve as a single point of contact for all their financial needs.

As a  Certified Public Accountant (CPA) & CERTIFIED FINANCIAL PLANNER™ Professional, this includes coordinating every aspect of their financial lives.

Each of our clients has a financial plan and Financial Action Checklist detailing all of the actions needed to achieve their financial goals. As needed, these action items are coordinated with accountants, attorneys, and other professionals.

Do you have the knowledge and experience necessary to successfully navigate the complicated financial planning and tax world to achieve my financial goals?

Joseph Vecchio has taken the rigorous steps to become a Certified Public Accountant & CERTIFIED FINANCIAL PLANNER™ Professional. Each year he studies more than 5,000 pages of financial text and is mentored by the country’s top minds in financial, legal and tax planning.

 

How often will I hear from you?

Monthly, or more often if needed. We also formally meet with clients 1-2 times annually.

Client education is a big focus for our firm. We break down important personal finance and tax topics in plain English.

In addition, our office doors, phone lines, and emails are always open to clients to reach out with questions or concerns.

 

Will you help me solve any and all financial problems I may encounter?

Yes. We have assisted clients in solving an assortment of financial issues such as 401(k) plans, IRS audits, family deaths, disability, tax issues, real estate, debt, Social Security, Medicare, health insurance, college, gifting, and almost any other financial issue imaginable. While we certainly don’t have all the answers, through our network of resources, we will not stop until a solution has been found.

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