Ianka Tocheva Rando, CFP™ founded BG Financial Planning in 2001 to offer professional, unbiased financial planning advice and personalized, financial guidance to individuals and families.
Yes, we are different! Read here what sets us apart from other financial planning firms:
We offer Fee-Only financial planning and advice on an hourly, as-needed basis, providing just as little or as much help as the client may need. Much like seeking expertise and services from an attorney or tax professional – or even a dentist or family physician – clients seek out and schedule our expertise when they need it. Once we have provided the financial advice and services requested, the engagement concludes until the client needs us again. Just like a dentist, we do recommend periodic check-ups, but the client is in charge of calling back to schedule these financial check-ups and update meetings.
Most financial advisory firms are fee-based, which means they earn both fees and commissions, or commission-based, which typically makes the firm more of a sales organization than a true consulting organization.
A Fee-Only financial advisor is compensated solely by the client, with neither the advisor nor any related party receiving compensation which is contingent upon the purchase or sale of financial products.
Traditional fee-based and Fee-Only firms typically charge the client’s account an annual fee or a percentage of assets under management. This type of arrangement usually works best for wealthy clientele who need on-going advice and can afford to pay an ongoing fee.
Commission-based sales organizations often have rather high account minimums to get started. These types of limitations dismiss the majority of the population, especially those people just starting to build their asset bases.
As you can see, with both traditional fee-based and Fee-Only wealth management programs as well as commission-based services, there is quite a disparity between what most people need – and can afford to pay – and what help is being offered.
Only 1% of the nation’s financial planning firms, such as our firm, are structured as hourly, Fee-Only firms. Our clients pay us an hourly fee or a flat fee for the specific advice and financial services they receive. We receive no third-party commissions. This means there are no conflicts of interest to color our recommendations. We work strictly for our clients, empowering them to make the best financial decisions possible.
In addition, unlike most other Fee-Only firms that charge retainers and fees based on the client’s income and net worth, we have no retainers or tiered fee structures. We offer our unique brand of Fee-Only financial planning and advice on an as-needed basis, at the same hourly rate, to all clients, regardless of their income or net worth.
With all these advantages, it is easy to understand why our type of Fee-Only financial planning is “revolutionizing” the financial planning industry.
Call us at (617) 784-8001 or send us a message and join us to experience the new and refreshing “Planning Made Easy” approach to financial planning!