Broker Check

Frequently Asked Questions

Q: How do you define financial planning?

We believe that financial planning is the process of planning for, and meeting, your life goals through the proper management of your finances. Your life goals may include buying a home, a fulfilling retirement, providing for your child’s education, protecting your family from a disability or providing contributions to charitable organizations you care about.

Q: Who can benefit from your services?

Any individual or family seeking financial peace of mind can benefit from our services. We work with clients from all walks of life. Our clients have the flexibility to work with us on a one time as needed basis, or an ongoing more comprehensive basis.

Q: How are you compensated for your services?

We are a Fee-Only financial planning and investment management firm. Our only compensation comes from the fees we receive from our clients for the advice we provide. Unlike many financial advisors, we never receive any commissions, finder’s fees or any other compensation which is contingent upon you purchasing a particular product.

Q: Why should I choose a Fee-Only financial planner?

When dealing with your financial health and well-being, you need advice that you can trust. The advice you receive should be independent and objective. Advice which is influenced by a sales quota or management pressure, or advice which is influenced by the associated commission rate represents a conflict of interest. It may be difficult to tell if the provided solution is in your best interest or whether it benefits the advisor providing the solution. As a Fee-Only financial planning and investment management firm, Sanitas Wealth Management works solely for our clients and is compensated only by the agreed upon fees clients pay for advice and investment management. Because we do not receive any commissions, referral fees or sales incentive for advice, we are able to remove the conflicts of interest with regard to compensation.

Q: How much do you charge for financial planning services?

Our fees will vary from client to client depending on the services they are looking for and the complexity of the engagement. The fees are based on the actual time involved in meeting with you in person, over the phone or via webcast, researching and analyzing your current situation, and providing specific recommendations and implementation assistance (if appropriate). We will work with you during our complimentary Initial Consultation meeting to determine what services may be best for you and provide you with an estimate of the fees at that time.

If you decide to engage our services we will ask that you sign a Financial Planning Agreement and pay a deposit based on the agreed upon scope of our engagement. The remainder of the fees will be due at the conclusion of the engagement.

Q: What does the financial planning process entail?

The financial planning process used by Sanitas Wealth Management helps our clients to identify and prioritize financial planning needs. While the specific process used may vary slightly based on your specific needs, it usually involves gathering relevant financial information, setting your goals, examining your current financial status and developing a strategy or plan for how you can meet your goals given your current situation and future plans. Note that you will have to be actively engaged in collecting the relevant documents and statements as well as prioritizing your decisions.

In addition, it is important to understand is that financial planning is a dynamic process, not a one-time event. Your financial plans should be reviewed on an ongoing basis as your life changes so that necessary revisions can be made.

Q: What areas of financial planning do you cover?

Sanitas Wealth Management provides comprehensive financial planning services. That means evaluating and recommending strategies for debt and cash flow management, investment analysis, tax planning, risk management, retirement planning, education planning, estate and legacy planning, planning for special situations and more. Note that there will be some areas where it will be necessary to collaborate with other advisors, such as estate attorneys who can legally draft your documents.

Q: What happens when my financial plan is complete?

During your Financial Plan Presentation we will discuss an appropriate plan for you to implement and monitor your plan. You may choose to implement and monitor the plan yourself, or engage us to assist you. We provide a 60 day period after the Financial Plan Presentation where you may call or e-mail us with questions relating to your plan without incurring new charges.

Your relationship with us will continue on an as-needed basis. There is no obligation to engage us further although many clients choose to implement an investment strategy utilizing our investment management services. You may call or e-mail us whenever you wish to initiate services. If you wish, we can be proactive in reminding you to schedule periodic reviews. Many clients like to have an annual plan review or update visit. Once we remind you that you are due for a review, you are responsible for calling us to schedule the meeting.