FAQ
Common Questions, Answered Directly
We understand there are a lot of questions when it comes to financial planning. Here's what we hear most.
What does a financial advisor actually do?
A financial advisor helps you build a plan for your money, covering things like retirement, investments, taxes, and insurance, and then helps you adjust that plan as your life changes. At Phillips Financial Management, that means a written plan tailored to your goals, not a generic template.
I've never worked with a financial advisor before. Where do I start?
You start with a conversation, not a commitment. We offer a free initial consultation where we listen to your situation and goals, answer your questions, and let you decide if working together makes sense. There's no pressure and no obligation.
How much money do I need to start working with you?
Placeholder answer: account minimums vary by service. Contact us for specifics based on your situation.
What does it cost to work with Phillips Financial Management?
Placeholder answer: fee structure to be confirmed with the firm before launch.
Are you a fiduciary?
Yes. As fiduciaries, we're legally required to act with care, skill, prudence, and diligence, and solely in your best interest, on every recommendation we make.
Who holds my money?
Your accounts are held directly with an independent custodian, either Charles Schwab or Fidelity, not with our firm. We manage and advise on the accounts, but you always have direct access to your own balances and statements.
How often will I hear from my advisor?
Placeholder answer: standard review cadence to be confirmed with the firm. In general, you can expect regular scheduled check-ins plus a direct line to your advisor whenever something comes up.
Do you only work with people who are close to retirement?
No. We work with clients at every stage, from people just starting to invest to those deep into retirement. Wherever you're starting from, the first step is the same conversation.
What's the difference between retirement planning and investment management?
Retirement planning looks at the full picture: when you can retire, how much you'll need, and how to make it last. Investment management is one piece of that picture, the actual portfolio built to support the plan. We offer both together so they stay aligned.