What is financial planning?
Financial planning can be broad based and integrated, where all elements of your financial affairs (like retirement planning, investments, insurance, and college funding) are brought together into a coordinated, cohesive plan. Or it can be very specific, focusing just on a single issue of importance or concern to you. In either case, financial planning is a multi-step process that provides you with two important deliverables: first, an in-depth review of your current situation (either comprehensive or specific, depending your planning objective) and second, a road map that provides clear direction on how to achieve your planning goal(s). It is important to remember that financial planning is a dynamic process, not a single, one-time event. The economy, your planning objectives, and earned income can all change, necessitating a revisit of the road map.
What is "fee-only financial planning" and why should it be important to me?
Fee-only financial planners are paid only by their clients. They never receive any commissions, sales incentives, bonuses, or special perks paid by insurance companies or other financial service entities for selling their products. T Rowland Financial Services is a true fee-only financial advisor firm. Knowing this, you can approach us with the full knowledge that we will only make recommendations that are in your best interest. You do not have to worry that we will need to “sell you something” in order to be paid for providing you advice.
Do I need to be in your immediate area to use your services?
Thanks to modern technology, it is generally not essential to have in-person meetings. Frequently, work may be accomplished for distance assignments using video conferences, online data collection and other tools. The choice of a distance assignment is really determined by a client’s comfort level with working with someone who is not in the immediate area. Even for those who live and/or work in northern and central Illinois or other nearby areas, it has been a major convenience to use these tools due to busy work/family schedules, commuting demands, etc.
How do I implement the recommendations you make for investments or other financial products?
We can help directly with implementation in the areas of retirement planning and investments. For areas with a specialized focus such as insurance, tax preparation, or estate planning, we pinpoint issues but recommend professionals in those areas. We are also happy to partner with someone you may already be working with to accomplish planning goals. Please see the pricing tab for the different ways in which we can help you take steps to achieve your financial goals.
What type of services do you offer?
For a listing of services offered by T Rowland Financial Services, please click here.
Can you describe your Financial Planning and Portfolio and Asset Management” processes?
Our defined approach was designed to clearly communicate the way that we work with our clients to provide financial planning and portfolio and asset management services. For a full description, please go to our Client Process page.
Does your firm offer money management?
Yes, as described in “How do I implement recommendations?” as well as the Client Process page. T Rowland Financial Services offers different service levels to meet varying client needs when it comes to portfolio oversight. The highest level of service is full implementation and monitoring of your portfolio. Please visit the Philosophy tab as well as the Pricing tab to see if this is right for you.
What if I don't want to implement recommendations entirely on my own?
T Rowland Financial Services offers several levels of service and professional oversight to assist you in implementing our recommendations. You have several options to choose from depending on your needs; they range from subscription, retainer, and asset management services, to simple reminders to follow through on your own. Please see the Pricing tab for details.
How can I get started?
We offer a no fee, no obligation get acquainted meeting, either in person, virtual, or by telephone. Contact us today to get started.
Our first step is an initial inquiry. Reach out to us by visiting our contact page and we’ll discuss your financial needs and how we can assist you.