Expert Planning From a Top Financial Advisor in Plymouth, MN
Your Trusted Fee-Only Advisor
Our Story...
Located in beautiful Plymouth, Minnesota Phillip James Financial (PJF) is an Independent, Fee-Only Financial Advisory practice, founded by a CPA and CFA. Because of their multi-discipline in financial planning, investments, accounting and taxes, PJF provides a full service wealth management experience free from conflicts-of-interest. No client is sold financial products such as Life Insurance, Annuities, Loaded Mutual funds, or Non-Traded REITs. Working this way puts clients on the same side of the table, always focusing on their needs, not on what products to sell.
We believe in building long-term relationships with our clients, getting to know their reason for investing and planning. We call this Investing with Purpose. Everyone has a purpose, we want to understand yours and build your plan and investments around this. We care as much about why you are investing as what you invest in.
Gone are the days of pushing hard-to-understand life insurance policies, annuities, and other financial products. Get ready for a fresh perspective to financial planning and investments.
Read more about Our Services here.
Expert Planning From a Top Financial Advisor in Plymouth, MN
When managing your finances, it can be challenging to know where to begin. That's where a fee-only financial advisor like Phillip James Financial can help. With years of experience in the business, we provide a comprehensive range of financial planning and wealth management services that can help you achieve your financial aims.
Always Putting Your Interests First
Unlike other financial advisors, we are compensated solely by our clients. We don't have incentives to sell you expensive financial products you don't need.
If you're looking for a financial advisor in Plymouth, MN, call us to schedule a complimentary consultation.
The Objective Advice Your Need
When you choose us as your financial advisor in Minnesota, you can be confident that any advice we give us is unbiased and in your best interest. We act as fiduciaries, meaning we must always put your interests first. It makes a nice change to know that your advisor is working for you and not for a commission!
As fee-only advisors, we help you understand the costs associated with a range of financial products and services so that you can make the right choices.
Compensated solely by our clients
No incentive to sell you expensive financial products you don't need
We are legally obligated to put your interests first
Fee-only so can help with a range of different financial products
A Fee-Only Financial Advisor
You might be wondering what does it mean? In short, fee-only financial advisors are compensated solely through the fees they charge their clients. They don't earn commissions on the products they sell.
This eliminates potential conflicts of interest arising when advisors receive commissions. Fee-only advisors like us provide impartial advice solely in your best interest.
Professional Financial Planning
Your personal financial plan is not a static document but a living one. Your plan will adapt to new circumstances, goals, and priorities as life evolves. Whether it's changes in your retirement plans, health, work, or family, we're here to ensure that your plan reflects these shifts.
Through our ongoing partnership, we will work together to implement any necessary changes and keep your plan current. While we recommend meeting at least once a year to stay informed, we are always available for additional meetings as often as you prefer.
With unrestricted access to our expertise, you can have peace of mind knowing that your financial plan will always remain aligned with your evolving needs.
Financial planning
Wealth management
Retirement planning
Investment management
Tax planning and preparation
Risk management
Monetary analysis
401 (k) services
Education and college planning
Fiduciary Standard and Fee-Only Advisors
When it comes to financial advisors, one of the most important things to consider is whether they operate under a fiduciary standard. A fiduciary is legally obligated to act in the client's best interest.
Fee-only advisors usually operate as fiduciaries. This means they are legally bound to advise their client's best interest. When you work with a fee-only advisor, you can be confident they will put your needs first.
It's important to note that not every financial advisor is a fiduciary. Some work instead to a suitability standard. That means they can recommend investments they consider suitable for their clients. This can create a conflict of interest if the advisor is incentivized to recommend certain products.
Financial Planning Process With Fee-Only Advisors
When you choose Phillip James Financial, you can expect a comprehensive financial planning process carefully tailored to your unique needs and goals. Here's what you can expect:
Initial Meeting and Discovery Process
The first step in the financial planning process is an initial meeting between you and us. During this meeting, we will get to know you and your financial situation, including your financial goals, budget, and current investments. We'll also discuss your risk tolerance and determine if you have any concerns about your finances.
Creating a Bespoke Financial Plan
Once we clearly understand your financial situation and goals, we'll create a bespoke financial plan. This plan will outline all the steps you need to take to achieve your financial goals. Every plan is different, but the steps may include retirement planning, estate planning, tax planning, and investment portfolio management.
Implementation and Ongoing Monitoring
After creating your financial plan, we work with you to implement and monitor your progress over time. They help you stay on track with your financial goals. It also means we can adjust your plan if needed so you know you're always moving in the right direction.
Financial Planning Services We Offer
We offer extensive financial planning and wealth management services, including investments, tax preparation and planning, retirement planning, education and college planning, and more.
Our comprehensive financial planning and investment advice is personalized to your needs and goals. We will help you develop an effective investment strategy that considers your risk tolerance, timelines, and other factors.
The Bottom Line on Fee-Only Financial Advisors in Plymouth, MN
Managing your finances is a serious business, so finding an advisor you can trust is crucial. That's why choosing a fee-only financial advisor is a smart choice for anyone wanting unbiased financial advice and a transparent fee structure. When you find the right advisor, you can be confident that you're making the best decisions for your financial future.
Secure Your Future With Professional Financial Planning Advice
Whatever the nature and type of your assets and finances, we can help you build a financial plan and secure a more prosperous future.
Contact us today to arrange a complimentary consultation and learn how our fee-only financial advisor in Plymouth, MN, can help you.
