Lorenz Financial Portfolio Management
& Financial Planning FAQ’s
Below, you’ll find answers to our most common portfolio management and financial planning FAQ’s.
If you have further questions, please don’t hesitate to contact us.
Before we discuss investment opportunities, we will discuss and define your goals, as well as look at your current assets (income, open investment accounts, property value, etc.). Do you want to retire on the beach? Pay for your child’s college tuition? Purchase a new home? Set aside funds to buy a new car every five years? Everyone has different financial goals, but once we have a thorough understanding of yours, we feel confident that we can put a financial plan that works for you together.
You will never write Lorenz Financial a check. We are paid a quarterly fee based on a percentage of our clients’ assets under management. Thus, what you pay will come directly from your investment account, and the number will depend on the value of your assets. We can discuss this in depth during your initial consultation.
In short, no. As a fiduciary, we do not work off of commission. Instead, we are paid a quarterly fee based on a percentage of the client’s assets under management. This means that our income only increases as our clients’ assets grow, and we only win if our clients win. In addition, we only offer commission-free investments and do not sell high-commission annuities or loaded mutual funds.
You will never write Lorenz Financial a check. Lorenz Financial is paid a quarterly fee based on a percentage of the client’s assets under management. Our income only increases as the value of your assets grow.
No. Our services are obligation free. While we will do all that we can to ensure that you are happy with our services, we will help you transfer your accounts to another financial advisory firm if you so choose.
We will manage your portfolio, but your account will be opened through a third-party broker for security reasons. Thus, a third-party broker will hold your assets. We can discuss this process in depth during your initial consultation.
Clients will never be charged for a lifetime financial plan. The consultation and plan, which can be accessed online, are truly free of charge. That said, a financial planning consultation does give Lorenz Financial an opportunity to discuss our portfolio management services with prospective clients.
After your initial financial planning consultation, we will provide your login information so you can view your finacial plan online at www.moneyguidepro.com/ifa/.
Yes. We understand that the unexpected happens and that your financial plan may need to adjust. You will be able to make those changes at www.moneyguidepro.com/ifa/, and we are also happy to meet for another consultation.