FFP Wealth Management is not your typical financial planning office. We don’t sell products. We always put the client first. Due to our success, a wide range of opportunities exist at FFP Wealth Management. What do we know that other firms don’t know?
Clients don’t want a financial plan that simply sells the products that brokers want to sell. Clients want more from advisors than fee-based investment management built on a pie chart. Today’s clients want real financial advice that helps them get ahead. They want intelligent ways to invest in these days of volatile markets. They want advice that will lower their taxes now, and confidence that future taxes won’t eat up their savings. They want advice to help reduce debt, to reach goals to educate children and to reach retirement on schedule.
Clients know that they have to change their mindsets when they reach
retirement. They don’t want the same old advice saying, “Buy stocks and hold for the long term.” They want to know the specific method their investments will generate income, the amount they can reasonably expect each month, and what may cause it to change. They want to know when it makes sense to start Social Security and pensions. They want to know which pension option makes the most sense for their household. They want to know if they should pay off their mortgage if they need to keep life insurance, and how to meet their charitable goals. They want to know how to lower their taxes so they can keep more of their money after they retire.
Clients know they will not have to worry about Federal estate taxes if they have less than $5 million, $10 million if married. They think their retirement plans are directed by their will or trust. They don’t know that their will or trust could create more tax in the year of death than they paid in their entire lifetime. They want to know how to protect their IRA and other retirement plans from the inadvertent errors made my uninformed heirs that could deplete their estate. They don’t know that many of the complicated annuities they were sold keep a large share of the annuity value when they die.
Quite simply, clients want to know how to arrange their financial affairs to protect their estate as they attempt to grow their estate. Their heirs want to know the steps they must take to avoid irrevocable errors that could waste 30% to 50% of retirement plans.