FAQ - Arrowroad Financial Planning

Do you offer a free meet and greet?

In the past, we have explored offering a complimentary initial consultation, but we found that it sometimes led to misunderstandings about our services and commitments. Instead, we now provide an initial consultation at a rate of $440 per hour. This approach allows you to freely discuss your needs, explore formalization options, and ask questions without feeling any pressure to proceed immediately.

Of course, should we be approached by someone who has limited means yet a genuine need for assistance, we will make accommodations as necessary. Our goal is to ensure that everyone who genuinely seeks our help can access the guidance they require.

If proceeding with a formal meeting, how should I prepare?

We encourage you to reflect on your broader financial aspirations, whether it’s building your savings, planning for retirement, or any other financial objectives you may have in mind. While we’re here to provide guidance and share insights from our experiences with other clients, understanding your personal goals, perhaps after discussing with your spouse or family, can greatly enhance the productivity of our meeting. This preparation ensures that our conversation, whether it’s focused on financial planning or coaching, is aligned with your unique vision for the future.

What are the fees?

If clients are seeking a simple consulting service we will invoice at $440 p.h.

If you require something more comprehensive, we will assist in the creation of a Statement of Advice (SOA), a comprehensive document that outlines our tailored recommendations, product disclosures, and the reasons behind our chosen strategies.

The cost of the SOA and subsequent financial planning services will vary depending on the complexity of your financial situation and the depth of advice required. Rest assured, we are committed to transparency and will provide you with a detailed quote upfront, allowing you to make an informed decision before proceeding.

For those interested in our financial coaching services, please view our current Program schedule.

For financial planning clients, this may include regular reviews and direct access to your financial advisor via phone or email throughout the year. We understand the importance of flexibility and adaptability in financial services, allowing you to modify or cancel your engagement with us according to your evolving needs.

Our goal is to ensure that you have all the information and support you need to make confident financial decisions, through comprehensive planning and targeted coaching.

What can I expect from your financial coaching service?

Our financial coaching service is designed to empower you with knowledge and skills, enabling you to make informed decisions about your financial journey. Unlike financial planning, which involves personalized advice and recommendations, our coaching focuses on providing you with general information and education on financial concepts, strategies, and options available to you. Here’s what you can expect:

Empowerment through Education: We aim to equip you with the financial literacy and tools necessary to understand your own financial situation better. This includes insights into budgeting, savings, investments, and retirement planning, among other topics, all tailored to enhance your financial decision-making capabilities.
General Guidance: Our service provides guidance that is general in nature, helping you to explore various financial scenarios and possibilities. We focus on broad concepts and strategies that can apply to individuals in similar situations, rather than specific advice tailored to your personal circumstances.
Personal Decision Making: The core of our coaching service is to support you in becoming more confident and capable of making your own financial decisions. While we provide the information and education, the final decisions and actions are yours to make, ensuring that you are fully in control of your financial future.
General Advice Warning: Please note that our coaching service offers general advice only. This advice does not take into account your specific objectives, financial situation, or needs. It’s important to consider whether the general information we provide is suitable for your personal circumstances. If considering a particular financial product, we recommend obtaining and reading the product’s disclosure statement before making any decisions.

Our financial coaching is all about empowering you with the knowledge and confidence needed to navigate your financial landscape. We’re here to provide the information and support you need, ensuring you’re well-equipped to make the best decisions for your financial well-being.

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