RESOURCES & FAQ

A lot! When you hire me, you're hiring me to help you make good money decisions. The work I do for you could involve talking about your career path, budgeting, managing household bills, negotiating salary, choosing the right benefits from your employer, starting a business, making sure you have the right insurance coverage, deciding on an investment plan, saving for your children's college education, finding the right time to retire, helping you determine the right time to start receiving social security, making sure you have your estate planning basics in place, and more! 

Most importantly, my goal is to make sure you're not only more at peace and comfortable with your money, but also that you can achieve the financial goals and life goals you've set for your future.

Planning is for everyone. Although you usually have to do less work to accomplish your dreams if you start at 30 than if you start at 50, it's never too late to establish a financial plan and start saving and investing in your future.

Financial advisors and financial planners are not just for people that have money. You should consider working with a financial advisor if:

• You have money concerns
• You want more confidence in your financial future
• You need a more structured retirement income strategy
• You need help evaluating insurance solutions
• You want to reduce your business 401(k) costs
• You have a high net worth
• You’re nearing or in retirement

You have a choice when it comes to forming a relationship with a financial planner, and it's an important choice. With Escient Financial you get many things that you may not find with other financial planners or financial advisors. That includes someone who is a fiduciary, offers an advice-only relationship, investment management for those that want it, no commissions, simple flat fees instead of assets-under-management fees, and independence from corporate mandates, so that you always get a financial plan with the right advice for you and your situation and goals in mind.

A fiduciary is a person or organization that acts on behalf of another person, persons, or entity to manage assets. Essentially, a fiduciary owes to that other person, persons, or entity the duties of good faith, trust, loyalty, and care. Fiduciary duty is the highest legal duty of one party to another, and being a fiduciary requires me to be bound ethically to act in your best interests. I adhere to the fiduciary standard and code of ethics of the CFP Board's Code of Ethics and Standards of Conduct.

Fee-only financial advisors are paid directly by clients for their services, be it a monthly fee, flat fee, hourly rate, or  percentage of assets under management. Fee-only financial advisors are never paid a commission for selling any specific product. Being a fee-only advisor is the best way to align my clients' interests with my own, and reduce potential conflicts of interest or issues with fiduciary responsibility.

Absolutely! I can work with you on specific cash flow and money management tactics like budgeting, bank account structure, and financial habits.

Of course, the short answer is everyone's favorite: it depends. The less complex your situation is, the less time is needed to develop and implement your financial plan. The more complex your situation is, the more time it will take. The fact is, though, that your life will change and so your financial plan will change with it. Financial planning is really something that continues on throughout your life. Some people may be able to get a financial plan, implement the recommendations, and be okay for a few years, only needing to come back when necessary. Other people may find it necessary to get a comprehensive financial plan, but then continue with it on an ongoing basis to ensure they stay on course toward their goals.

Whatever your situation, Escient Financial is here to help and to serve your needs. That is why Escient Financial offers an Initial Comprehensive Financial Plan and then enables clients to continue with their financial planning with the Ongoing Comprehensive Financial Planning service.

It's a lot of work, but that's mostly for me. We'll take it one step a time. First we have a complimentary introductory call to get to know each other. Then if we feel we'll be a good match we'll schedule another discovery call where I'll get some information from you. I will even need some documents. However, I make it really easy to upload them electronically and some of the information is gathered by linking up your accounts into the planning software directly so that we avoid a lot of back and forth. Once that's done, I'll develop your financial plan, we'll review it and make adjustments if necessary, and then I'll help you implement the plan. 

It is a little bit of work up front, but it will be worth it. I'll make it as easy as possible, and I'll guide you and help you every step of the way.

The majority of people are not comfortable with their finances and lack the knowledge of how to handle money effectively. It's nothing to be embarrassed about. They should teach this stuff in high school before anyone journeys out into the real world, but they don't. So that's why I'm here... to help you and not judge you. And on this journey you'll learn a lot. You'll see your net worth, all your accounts in one place, and you'll know the possibility of reaching your goals. And that's just the beginning.

If you're not ready to get serious about your personal finances, you won't be a good fit. I won't be able to serve you the way my clients deserve and expect to be served if you aren't going to be committed.

I am able to work with clients anywhere in the U.S. virtually via Zoom or other video conferencing services (FaceTime, Google Meet, etc.). This allows us to be as efficient as possible and avoid unnecessary travel time.

At this time I work out of a home office. This allows me to keep my fees low. If this changes in the future, the website will be updated and all clients will be notified.

Absolutely not! We'll start with where you are. It's never too early or too late to start saving and investing, and any amount you begin with now will be beneficial to you in your future.

Escient Financial offers service options that include an Initial Comprehensive Financial Plan for a one-time fee broken up into 6 payments. After that, if you want to continue with the financial planning, there is an Ongoing Comprehensive Financial Planning service for a smaller monthly fee. This is great to continue the financial planning process as you implement recommendations, as well as to keep your financial plan up-to-date as your life changes. There is also an option to have financial planning for only specific focus areas or to cover specific needs at an hourly rate. In addition to financial planning services, Escient Financial does offer a flexible option for investment management where you can keep control of some of investment accounts if you don't want to transfer them. Escient Financial's financial planning and investment management services also include advice and management of digital assets, which most other financial advisors will not provide. You can see more about the pricing on the Pricing page.

There's no charge for the initial complimentary introductory consultation. There's no obligation and the best way to schedule that is to schedule it online here. If you don't like online schedulers, feel free to call 805-864-6555 or email [email protected] whenever you're ready.

Nope! All you need to do is go to Complimentary Introductory Meeting page and select a day and time you'd like to meet. It's that easy! If you don't like online schedulers, feel free to call 805-864-6555 or email [email protected] whenever you're ready.

That is a personal choice. I have education, training, and certifications specifically for financial planning and investment management. There are many details and nuances that not everyone will pick up on or understand, and everyone and their situation is different. There isn't a one-size-fits-all solution to financial planning or investment management. That's why I'm here... to guide you along the journey to your financial future.

I am a fee-only financial planner and adhere to the fiduciary (not the suitability) standard because that is the right thing to do for clients. You are the only one who pays me and as such, I work for you, and everything I do for you and all the advice I give you is always in your best interest.

Escient Financial strives to offer the greatest value to clients to help improve their financial future. Escient Financial's fees include both Financial Planning and Investment Advice, and the fees are highly competitive!

As you search for a financial advisor, you will likely notice that most charge a percentage of the amount of assets they manage for you, which you have to transfer to them. This is called an Assets Under Management (AUM) fee. According to the 2020 AdvisoryHQ report "Average Financial Advisor Fees & Costs", for firms that charge clients an AUM fee, the average annual advisor fee on a $500,000 portfolio is 1.05% (which equates to $5,250) and trails down slightly to 1.02% on a $1 million portfolio (which equates to $10,200). That is an amount paid each year. For a $5 million portfolio, the fee can be as high as $50,000 per year.

Escient Financial provides a comprehensive financial plan, including advice on specific investments, for a flat fee. An initial comprehensive financial plan with support for 6 months of service ranges between only $5,000 and $7,500. Clients who continue the comprehensive financial planning service pay a monthly fee between $250 and $375 per month ($3,000 to $4,500 per year) for Ongoing Comprehensive Financial Planning, including specific investment advice.

Even with Escient Financial's optional Investment Management service, which has a monthly fee per managed account, the fees are typically much lower than typical AUM advisors. You can see fee example's that include investment management on the Pricing page.

There is a big difference and a lot of savings that Escient Financial's clients are able to utilize for enjoyment and investing toward achieving their life goals.

Advice-Only Clients: If you are a client with the advice-only service, Escient Financial does not manage your investments, so there is no need for your to transfer your money or your investments to anywhere different than where you already have them. You will maintain complete control of all of your money and your investments. It is possible that Escient Financial may recommend you open accounts at different investment firms or broker-dealers than you already use, but that is a choice for you to make and you will open the accounts yourself and have full control. Escient Financial will not have any access to your accounts, other than what you connect in RightCapital to view balances and holdings in your financial plan. RightCapital can only view accounts and does not have the ability to make changes to any accounts. Escient Financial will never have access to transfer money to, from, or between your accounts, or buy, sell, or trade your investments.

Investment Management Clients: If you are a client with the investment management service, traditional accounts and an optional cash management account are held with Altruist Financial, Escient Financial's preferred custodian. Escient Financial does not maintain custody of your accounts or assets, and does not have the ability to transfer any of your assets out of your accounts. If Escient Financial manages your digital assets accounts, those are managed through Onramp Invest and the assets are held with the centralized exchange Gemini, which is the regulated custodian that Onramp Invest uses. Escient Financial does not maintain custody of your digital assets and does not have the ability to transfer any of your assets out of your accounts.

I certainly want to invest in long-term relationships with my clients, but if the decision is made to end our relationship, and you are an Advice-Only client, you are always in control of your money and investment assets. There is no need to transfer your money or investments anywhere if you want to cancel. If you're an Investment Management client then you would need to transfer your assets to either accounts at a different custodian or broker-dealer or to the management of another financial advisor that uses the same custodian.

Digital assets (Bitcoin and cryptocurrency) are the newest asset class, and the first new asset class that's been introduced in a very long time. I firmly believe that the blockchain technology behind digital assets is the future of finance and many other things, but there is no way to predict the future. Digital assets offer the possibility of great opportunities for growth in an investment portfolio, and they have performed extremely well in the past. The past, however, is not a predictor of the future. It's also important to understand that they can be highly volatile and risky. There is currently a lack of regulatory clarity as compared to other investment assets. The future of digital assets is uncertain and should still be considered speculative, and should be considered only by investors willing and able to take on the volatility and risk and potentially endure substantial loss. These types of investments are not going to be right for everyone. Escient Financial works with its clients to determine the right investments for their investment portfolio, which could include Bitcoin and/or other cryptocurrencies and digital assets.