Why use Wealth Management Services?

Clients often seek the advice of a professional wealth manager when they lack the time, knowledge, inclination and temperament to "go it alone" in handling personal wealth management. They also seek organization, structure and a disciplined approach to their financial lives. Wealth management objectives are clearly defined, and a customized asset allocation design is created to ensure a clear understanding of the client's investment and personal goals. These goals, cash flow needs and tax situation are integrated into the portfolio design, and portfolio holdings are reviewed on an ongoing basis and adjusted as needed. A wealth manager keeps clients apprised of the myriad tax laws and economic events that impact their well-being.

What types of wealth management strategies does Truepoint offer?

We approach wealth management in a holistic manner, integrating our review and understanding of the following areas: cash flow, retirement, college, employee benefit, estate planning, insurance needs, stock option analysis, income tax strategies, and portfolio design. Our broad-based approach provides thorough analysis and specific recommendations in all areas of wealth management. By integrating our wealth management services, we are able to provide sound advice regarding your wealth management objectives.

Do you offer services to foundations, endowments or trusts?

We service the unique needs of the philanthropic community with a customized service package for your foundation, endowment or trust.

What specialties do Truepoint Wealth Managers have?

College planning, divorce/blended families, domestic and international market conditions, estate planning, financial education, income tax, industry trends, insurance, investments, unmarried couples, real estate, retirement, small business, stock options, philanthropic trusts and endowments are among the specialties of Truepoint advisors.

What is a CFP^®

Certified Financial Planners are individuals who have met the rigorous standards of the Certified Financial PlannerBoard of Standards Inc., a nonprofit professional regulatory organization founded in 1985 whose mission is to help people benefit from competent, professional and ethical financial planning. CFP certificants must have at least three years of qualified financial planning experience, complete extensive educational requirements, and pass the 10-hour long CFP exam. They are also required to continually update their skills by taking approved courses annually. Additionally, all CFP certificants must adhere to the Code of Ethics and Responsibility, which mandates adherence to the highest ethical standards in the practice of financial planning and the pursuit of their client's best interests. All Truepoint advisors hold the CFP designation.

Why is Truepoint Fee-Only?

As a member of the National Association of Personal Financial Advisors (NAPFA), we are committed to acting as a fiduciary for our clients. We can remain unbiased in our relationship with you because we accept no commissions or referral fees when we implement recommendations for you. Our compensation comes from the client, our primary relationship.

Why is a Fiduciary Oath important?

Truepoint believes in the concept that a wealth manager should act as a fiduciary for our clients as supported by the National Association of Personal Financial Advisors (NAPFA), and Truepoint abides by the Certified Financial Planner Code of Ethics and Professional Responsibility. As such, we act in the best interest of our clients and disclose any potential conflicts of interest. We strive to build relationships based on integrity, objectivity, competence, fairness, confidentiality, professionalism, and diligence.

Who is a typical client?

Truepoint serves a wide variety of clients, including professionals and business executives, small business owners, widows, single individuals, married and unmarried couples, pre- and post-retirees, and those with sudden wealth via an inheritance.  We best serve clients who truly value an ongoing and proactive service model. Our professional staff is organized around the exclusive delivery of broad-based, multi-disciplined advice and investment implementation. While we serve clients along a broad financial spectrum of net worth, our typical client has investable assets of $2 to $30 million.

Will I have my own Wealth Manager?

You will have your own wealth manager who can draw upon the expertise of all of Truepoint's advisors -experienced financial planners with Certified Financial Planner^TM and other advanced designations. The reputation of Truepoint's professionals, the breadth and depth of their advice and their extensive writing and teaching will provide you with knowledgeable and well-versed advice.

How are fees determined?

A written agreement will determine the services provided and the fee arrangement before work is performed. A one-time fee for developing an Investment Policy Statement or Financial Plan will apply. Retainer services are billed quarterly based on a percentage of assets under management or advisement, depending on the level of engagement, which includes family office, wealth management and financial advisory services. Additional information about levels of engagement and fees can be found under Advisory Services.

Does Truepoint offer stand-alone financial plans or hourly work?

No. We best serve clients with whom we have established a retainer wealth management relationship; therefore, we do not provide stand-alone financial plans or hourly consultations.

How would Truepoint work with my accountant, attorney and others?

A good wealth manager will coordinate the many complex facets of personal finance. In this role, Truepoint will often work in conjunction with other professionals, including attorneys, accountants, insurance agents and trust officers. We will work closely with your chosen advisors in areas related to their expertise, or, when appropriate, we will recommend the use of competent professionals with whom we have developed relationships.

How do I get started?

Truepoint will meet with you for a preliminary consultation. During that meeting, we will explain our investment model and provide an in-depth look at our Generations Planning Process. A written proposal of services and fee information, along with the regulatory disclosure notices, are provided to you. Upon signing the appropriate documents, the next step is to discuss data gathering and our financial planning process. Please call us if you would like to set up an appointment with an advisor.