At Ignite Financial, our fiduciary duty means always acting in your best interests and prioritizing your financial goals. We provide transparent, honest advice and avoid any conflicts of interest. This commitment ensures you receive unbiased and objective financial guidance tailored to your needs.
Fee-only financial planning means advisors are paid directly by clients, not through commissions. This model ensures unbiased, tailored advice focused solely on your best interests.
At Ignite Financial, we disclose all fees and conflicts for transparency. This helps clients make informed decisions with trust in our guidance, free from hidden agendas.
At Ignite Financial, we uphold the highest standards of honesty and integrity. Our commitment ensures clients receive trustworthy, ethical advice in all financial matters.
At Ignite Financial, we take full responsibility for our recommendations and actions. Our commitment to accountability ensures clients can trust our advice and services.
We protect our clients' private information with the utmost care and diligence. Our commitment to confidentiality ensures your financial data remains secure and private at all times.
We offer unbiased advice based solely on your best interests. Our objectivity ensures that our recommendations are free from outside influences and focused on your goals.
We maintain and enhance our professional knowledge to serve you better. Our commitment to competence ensures you receive the highest quality financial advice and expertise.
We are dedicated to building long-term relationships with our clients. Our commitment to your financial success ensures we focus on your well-being and future prosperity.
A fiduciary is a financial advisor who is legally and ethically obligated to act in the best interests of their clients. This means that fiduciaries must prioritize their clients' needs above their own, providing advice and recommendations that benefit the client first and foremost. Fiduciaries are bound by a duty of loyalty and care, ensuring that all actions and decisions are made with the client's financial well-being in mind. At Ignite Financial, we take our fiduciary responsibility seriously, committing to transparency, honesty, and integrity in all our dealings.
Yes we are! When interviewing advisors or planners this question attempts to uncover if the advisor is able to take their fiduciary hat on and off. But even then, you may not be able to get a completely transparent answer and advisors might have a clever way of answering this question to satisfy the client or potential client. With a copy of Form ADV, you can look to Section 5-E which documents the advisor's compensation structure. If the compensation structure titled “Commissions” is checked, the advisor and their firm cannot hold themselves out as being a fiduciary 100% of the time. They might be good, honest people, and adhere to the fiduciary standard in some situations, but they are not legally obligated to in every situation.Instead of digging through public documents, another solution is to simply ask the advisor to sign a “Fiduciary Letter of Commitment.”
Fiduciary Letter of Commitment.Working with a fiduciary is crucial because it ensures that your financial advisor is required to act in your best interest at all times. This eliminates conflicts of interest that may arise when advisors are compensated through commissions or other incentives that do not align with your goals. A fiduciary advisor provides objective, unbiased advice, helping you make informed decisions about your financial future. At Ignite Financial, our fiduciary duty means you can trust that we are always working to achieve the best outcomes for you and your financial goals.
Fiduciary advisors are typically paid through a fee-only structure, which means they charge a flat fee, hourly rate, or a percentage of the assets they manage on your behalf. This payment model aligns the advisor's interests with your own, as their compensation is directly tied to the success of your financial plan. By eliminating commissions and other third-party incentives, fiduciary advisors can provide unbiased advice focused solely on your best interests. At Ignite Financial, our fee-only structure ensures that we are fully aligned with your financial goals and dedicated to your success.
- What is your fiduciary duty to your clients?
- How are you compensated, and what fees will I incur?
- How do you handle potential conflicts of interest?
- What is your process for developing and implementing a financial plan?
- Can you provide references or testimonials from current clients?
- What qualifications and experience do you have as a financial advisor?
Asking these questions will help you determine whether the advisor is a good fit for your needs and ensure that you are working with someone who prioritizes your financial well-being.
"Our fiduciary duty binds us to the highest standards of integrity, providing unbiased and objective financial advice tailored to each client's unique needs."
Choosing the right Social Security strategy is critical. You likely have many questions as it relates to when you will claim, or even whaat benefits are available to you. We assist our clients in understanding the impact of the options they have available and help them make the right choice for their unique situations.
Sending your kids or loved ones to college is a big decision. Thankfully, there are many strategies that can be utilized depending on your unique situation. At Ignite Financial, we aid in establishing and implementing a suitable plan of action for you and your teenager.
If you hold investments, they will be taxed in various ways. We help optimize investment and withdrawal strategies to minimize the taxes you will pay throughout your pre-retirement and retirement years. You will be kept up-to-date on new tax polices and how they may, or may not, impact your tax situation.
If you have money in any of the following account types listed here, please reach out as we may be able to help you pay less in taxes.
Everyone has their own unique goals when it comes to investing. We are here to help you achieve those goals in the most stress-free environment possible. Here is a brief overview of our proven investment strategy:
There is a single factor that has been shown to be correlated with higher returns—low fees. A study conducted by Morningstar® concluded that the expense ratio, or annual cost, of a fund is the only dependable predictor of future performance.1
By dividing your investments across different asset classes (e.g. bonds, U.S. stocks, international stocks) rather than putting all your eggs in one basket, you can reduce risk by letting one part of your portfolio cushion the blow if another part goes down.
Markets consistently fluctuate as speculation and basic human psychology influence investor behavior. Despite this volatility, the overall market has produced a 10.2% gross average return in the last 89 years.
The primary goal of insurance is to mitigate risk and put some of your worries at ease. At Ignite Financial, we help determine which insurance policy best suites your unique situation. Moreover, we help determine if you are carrying a policy that you actually don’t need — this is where a lot money can be saved.
If you have an existing policy or policies, we take a look at all the relevant details. We make sure that the amount of coverage you have is appropriate, that you are maintaining the correct deductible, and more.
But many times you may be overinsured and not know it. For example, if you have a healthy emergency fund, you probably don’t need a $500 deductible on your auto policy. This means you are wasting valuable money on a product which could be better utilized elsewhere; such as investment products that earn interest.
Preparing your estate to transfer to your heirs can be cumbersome. That’s why we help you to determine how your assets will transfer in the most tax efficient way possible. That means we look at your entire portfolio, including investments, real estate, business interests, and more.
