Frequently Asked Financial Questions

We are not owned by, nor have any ownership interest in, any investment firm, bank, or insurance company. Thus, we are free to select the investment or insurance product that is appropriate for each of our clients. We do not receive any special compensation for recommending one company over the other.

Yes. To serve our clients, our planners must have achieved the prestigious CFP® designation. They also have, at minimum, a bachelor's degree.

No! All payments or transfers of assets for investments or insurance will be addressed directly to the originator. Only for Financial Planning services will you make a check payable to Frontier Wealth Strategies LP.

First, all conversations between our clients and Frontier’s Certified Financial Planner™ professionals are confidential. Second, all client data is encrypted, password protected, and backed up off-site. Accounts and passwords are exclusive to individual clients and are controlled by only the account holder. Third, all sensitive correspondence between clients and Frontier is also encrypted and password-protected.

You may not have the expertise, the time, or the desire to actively plan and manage certain financial aspects of your life. You may want help getting started. You may benefit from an objective, third-party perspective on what are often emotional, difficult decisions. In today's hectic world, it can be beneficial to have a financial planning specialist help to make sure you stay focused and follow through with your financial plans.

You may be able to do a lot on your own. However, there are some situations where you may find you need a CFP®, such as:

• You have little or no experience with finances.
• You do not have the inclination to do it.
• You want an objective, outside perspective.
• You have a complex financial situation, or,
• You do not have the time — usually the biggest obstacle for do-it-yourselfers.
• Procrastination is the greatest enemy of financial independence, and using a CFP® should keep you on track. There are some other advantages to using a CFP®. Some aspects of financial planning may be too complex for most people, such as calculating how long your retirement capital will last or maximizing tax strategies. A good CFP® will work with other professionals, such as accountants and estate planners, to coordinate their efforts with your overall financial needs.

At Frontier, we help you:

• Set realistic financial and personal goals.
• Assess your current financial health by examining your assets, liabilities, income, insurance, taxes, investments, and estate plans.
• Develop a realistic, comprehensive plan to meet your financial goals by addressing financial weaknesses and building on financial strengths.
• Put your plan into action and monitor its progress.
• Stay on track to meet changing goals, personal circumstances, stages of your life, products, markets, and tax laws.

Most likely, it is less than you pay for your mobile phone or cable T.V.

We have a set fee that applies to all clients for our basic financial planning services. If a client has a more complex situation, an additional fee could apply; however, this would be agreed upon and based on a schedule of complexity so that clients with the same complexity pay the same for our services.

Please have them contact your independent CFP® or email their details to your CFP®. or phone your CFP® so they can get a thorough understanding of how to best serve your referral.

Most people think that all financial planners are “certified,” but this isn’t true. Anyone can call himself or herself a “financial planner.” Only those who have fulfilled the certification and renewal requirements of the CFP Board can display the CFP® certification marks. When selecting a financial planner, you need to feel confident that the person you choose to help you plan for your future is competent and ethical. The CFP® certification provides that sense of security by allowing only those who meet the following requirements the right to use the CFP® certification marks (Source: CFP.net).

There are several requirements for a CFP® We refer to them as the four Es:

• Education: CFP® professionals must develop their theoretical and practical financial planning knowledge by completing a comprehensive course of study at a college or university offering a financial planning curriculum approved by the CFP Board. Other options for satisfying the education component include submitting a transcript review or previous financial planning-related course work to the CFP Board for review and credit or showing the attainment of certain professional designations or academic degrees.
• Examination: CFP® practitioners must pass a comprehensive two-day, 10-hour CFP® Certification Examination that tests their ability to apply financial planning knowledge in an integrated format. Based on regular research of what planners do, the exam covers the financial planning process, tax planning, client benefits and retirement planning, estate planning, investment management, and insurance.
• Experience: CFP® professionals must have three years minimum experience in the financial planning process prior to earning the right to use the CFP® certification marks. As a result, CFP® practitioners possess financial counseling skills in addition to financial planning knowledge.
• Ethics: As a final step to certification, CFP® practitioners agree to abide by a strict code of professional conduct, known as the CFP Board’s Code of Ethics and Professional Responsibility, that sets forth their ethical responsibilities to the public, clients, and employers. CFP Board also performs a background check during this process, and each individual must disclose any investigations or legal proceedings related to their professional or business conduct (Source: CFP.net).

Through the Code of Ethics, CFP® practitioners agree to act fairly and diligently when providing you with financial planning advice and services, putting your interests first. The Code of Ethics states that CFP® practitioners are to act with integrity, offering you professional services that are objective and based on your needs. In writing, they are required to provide you with information about their sources of compensation and conflicts of interest (Source: CFP.net).

Once certified, CFP® practitioners are required to maintain technical competence and fulfill ethical obligations. Every two years, they must complete a minimum of 30 hours of continuing education to stay current with developments in the financial planning profession and better serve clients. Two of these hours are spent studying or discussing the CFP Board’s Code of Ethics or Practice Standards. In addition to the biennial continuing education requirement, all CFP® practitioners voluntarily disclose any public, civil, criminal, or disciplinary actions that may have been taken against them during the previous two years as part of the renewal process (Source: CFP.net).