Financial Planning and Wealth Management in Plymouth, Minnesota
Financial Advice That Puts You First
Finding an independent, fee-only advisor in Minnesota can sometimes be a tedious experience - but it doesn't have to be. With years of professional experience, our trusted team provides you with the expert guidance and advice you need.
Book a complimentary consultation to learn how we can help you grow and protect your wealth.
Professional Financial Planning in Minnesota
Living and working in Minnesota is a great experience, but to truly capitalize on all its possibilities, it's essential to have your finances well-planned. That's why so many Minnesotans are turning to fee-only financial advisors like Phillip James Financial.
Our clients know that an expert fee-only financial advisor is an invaluable source of expertise for long-term prosperity when managing wealth.
Financial planning
Wealth management
Retirement planning
Risk management
Investment management
Tax planning and preparation
Budget and monetary analysis
401 (k) services
College planning
Unbiased and Tailored to Your Unique Situation
Working with fee-only financial advisors like us gives you the benefit of unbiased advice on investment and money management. We don't earn any commission fees from your transactions or investments, so our top priority is always your interests.
Our team is committed to fully understanding your unique situation so that every penny is wisely handled throughout each step. We are committed to ensuring everything goes well for you financially now and into the future.
No Hidden Agendas
The point of choosing an independent advisor is that we don't have any hidden agendas or incentives to push specific products. We only provide advice based on what's best for you without being influenced by commissions or kickbacks on various services and products.
Fee-Only Financial Advice
Financial planning is a crucial part of life for all of us. But it can be overwhelming, especially in Minnesota, due to its financial regulations and tax laws.
When creating an individualized plan that best suits your financial needs and goals, we are the ultimate resource. As independent and objective advisors, we provide advice tailored specifically for you without any bias toward particular companies or products.
When you partner with us for wealth management, you benefit from our expertise in personal finance, such as retirement planning, investment strategies, estate planning, or even help reviewing your insurance coverage.
More so, it offers additional freedom to create custom plans that fit your needs and help you reach desired goals while minimizing risks associated with investing money into stocks, mutual funds, real estate investment trusts (REITs), etc.; we take into account all the specifics of your situation so nothing is overlooked.
Difference Between Fee-Only and Commission-Based
Commission-based advisors earn a commission on the products and services they sell to clients. This creates a potential conflict of interest, as the advisor could be incentivized to recommend products that are not in your best interest.
Furthermore, commission-based advisors may not have a fiduciary duty to their clients. Instead, they are only required to recommend products "suitable" for the client, which may not necessarily be the best option.
Choosing a fee-only financial advisor like Phillip James Financial gives you peace of mind knowing that we're always working solely in your best interest.
Tax Planning and Preparation
As professional financial planners, we offer invaluable advice on navigating intricate laws surrounding taxes. No more missing out on any deductions or credits due to a lack of knowledge of applicable federal regulations.
Some of our clients have saved thousands by capitalizing on all permissible tax cuts and rules. When making sure your money works hard for you, professional advice is the way to go.
Getting Started with Financial Planning
Financial planning helps you achieve your financial goals and provides a sense of security and peace of mind. By creating a plan and sticking to it, you can:
Reduce financial stress and anxiety
Build wealth and increase your net worth
Save for retirement and other long-term goals
Prepare for unexpected expenses and emergencies
Minimize taxes and maximize returns on investments
If you're looking to get your finances in order, getting started with financial planning can feel overwhelming. But working with a fee-only financial advisor like us is a great way to get expert guidance and support.
How Our Financial Planning Services Work
Here are the steps to take when getting started with financial planning.
Initial Consultation
The first step is to schedule a complimentary consultation. During the meeting, we'll discuss your financial goals, concerns, and financial situation. We will ask you some questions about your income, expenses, assets, and liabilities to get a clear picture of your financial situation.
Creating a Financial Plan
After the initial consultation, we will create a financial plan tailored to your unique situation. This plan will outline the steps you need to take to achieve your financial goals. The financial plan will also consider risk management and any time constraints impacting your financial decisions.
Implementing the Plan
Once your plan is in place, we can start working on it. This may involve new investments, transferring funds to a more beneficial account, or making budget changes. We will explain everything in detail so you feel comfortable with your decisions.
Choosing the Right Financial Advisor in Minnesota
If you're ready to reach your financial goals, we can help. We will take the time to understand your unique situation and develop a personalized strategy for long-term success.
Having us on your side means making informed decisions that will positively impact your future!
Why not schedule a consultation today? It's free and could be just what you need to get where you want to be!