Financial Planning
Apprise Wealth Management offers broad-based and consultative financial planning services on a fee-only basis. The financial planning process helps you understand where you are financially today. It also helps you become more informed about what your future can look like as well as how you can get there. Our process starts with an initial review of your current financial situation and discussions to help us understand what matters most to you. Then we create a detailed blueprint showing how you can achieve your future goals and objectives.
Our planning services may encompass one or more of the following areas: Investment Planning, Retirement Planning, Wealth Creation, Budget Analysis, and Mortgage/Debt Analysis. We will refer clients to an accountant, attorney, or other professional as necessary for non-advisory related services.
At Apprise Wealth Management, we take pride in being a trusted financial partner, especially for female-led households. Our mission is to enhance our clients’ financial lives as well as their understanding of financial concepts. We strive to deliver you with the holistic, customized guidance you deserve based on a foundation of trust and transparency. We strive to align people’s capital with what’s truly important.
Frequently Asked Questions
What is financial planning?
Financial planning is the process of understanding where you are today, clarifying what matters most to you, and creating a strategy to help you move forward. It can bring together retirement, investments, taxes, cash flow, insurance, estate planning, and other areas of your financial life so your decisions work together, rather than in isolation.
What does comprehensive financial planning include?
Comprehensive financial planning looks beyond your investments. Depending on your situation, we may address retirement planning, investment strategy, cash flow, taxes, Social Security, insurance, estate planning, debt, charitable giving, and other financial decisions.
The areas that receive the most attention depend on your circumstances, priorities, and where you are in life.
How is financial planning different from investment management?
Investment management focuses primarily on the investments in your portfolio, how they fit together, and how we invest them. Financial planning looks at the broader picture.
Your investments are important, but they are only one part of your financial life. A financial plan can help connect your portfolio to questions such as when you can retire, how much you can comfortably spend, how taxes may affect your decisions, and how your resources can support what matters most to you.
How do financial planning and life planning work together?
Financial planning helps determine what is financially possible and how to get there. Life planning helps clarify what you want those financial resources to support.
At Apprise, we believe the two belong together. Understanding what matters most to you helps us create a financial strategy designed around your life rather than asking you to organize your life around your finances.
Do I need to have all my financial goals figured out before working with a financial advisor?
No. In fact, many people seek financial advice because they are not yet sure what comes next.
Our process includes conversations designed to help you clarify your priorities, understand your options, and identify the decisions that deserve the most attention. You do not need to arrive with a fully formed plan.
Is financial planning only about retirement?
No. Retirement is an important part of financial planning, but good planning should address the decisions you are facing throughout your life.
That may include navigating divorce or widowhood, changing careers, becoming an empty nester, helping family members, buying or selling a home, managing taxes, making charitable gifts, or using your financial resources more intentionally.
How often should my financial plan be updated?
A financial plan should change as your life changes. We revisit planning regularly and when significant events occur, such as retirement, a job change, divorce, widowhood, a move, an inheritance, or a major change in your financial circumstances.
Rather than treating your financial plan as a document that sits on a shelf, we view planning as an ongoing process.
Can you help with tax planning?
Tax considerations are an important part of many financial decisions. We look for opportunities to make tax-aware decisions involving areas such as retirement withdrawals, Roth conversions, investments, charitable giving, and Social Security.
When you need tax preparation, legal advice, or another specialized service, we can coordinate with your other professionals or help you find an appropriate professional.
What does fee-only financial planning mean?
Fee-only advisors are compensated directly by their clients rather than through commissions from the sale of financial products.
Apprise Wealth Management is a fee-only fiduciary. That structure helps us focus our advice on what we believe is in your best interest rather than on selling a particular investment or financial product.
Do I have to transfer my investments to Apprise to receive financial planning?
Not necessarily. Financial planning and investment management are related, but are not the same service. Depending on the nature of the engagement, you may receive financial planning separately from investment management.
The right arrangement depends on the type of advice and ongoing support you want.
Why Choose Us
INTEGRATED APPROACH
It is through detailed financial conversations encompassing all aspects of our clients’ lives that we empower people to make informed decisions.
ACCOUNTABILITY
PEACE OF MIND
At Apprise, we understand that short-term tactics can be important but they must be executed based upon wise strategic decisions rather than best-guess predictions.
Pathway to Informed Success
14840 Hunting Way Phoenix, MD 21131
