Question 1

what's a RIA?

Accepted Answer

a registered investment advisor is a person or firm that is engaged in the business of providing investment advice to others or issuing reports or analyses regarding securities for compensation. investment advisors generally must register with the Securities and Exchange Commission (SEC) or state securities authorities.   informational purposes only.

Question 2

how long has mfp. been in business?

Accepted Answer

est. 2016

Question 3

how does mfp. get paid?

Accepted Answer

mfp. is fee only, we do not receive commissions directly or indirectly. we collect fees in two ways.    planning fee:   $420 ($35 a month)   assets under management:   1.00% under $250,000 0.09%  $250, 001 - $500, 000 0.08% $500,001 - $1million 0.07% $1,000,001

Question 4

why $35 a month?

Accepted Answer

generally, RIA's are reserved for high net worth individuals and we took that personally.   informational purposes only.

Question 5

is managing money simple?

Accepted Answer

managing money is a cognitive, emotional, and behavioral experience. no one is a rational thinker--all the time.      informational purposes only.

Question 6

what does onboarding at mfp. look like?

Accepted Answer

shortly after becoming a client we’ll begin the planning process with an introduction call.  if you are opening a brokerage account online to diversify your portfolio--we'll still call to introduce ourselves. expect a hello at mfp.

Question 7

what will my investment plan look like?

Accepted Answer

investment plans are customized to an individuals needs and goals. its overall design is apart of our our initial conversations. time horizons, risk tolerance, and contribution amounts impact returns. your investment plan will rest within those parameters.

Question 8

what is an ETF?

Accepted Answer

an exchange traded fund (etf) is a type of security that tracks an index, sector, commodity, or other asset, which can be purchased or sold on a stock exchange in the same manner as stocks. etf share prices fluctuate all day as it is bought and sold; different than mutual funds which are traded once a day, after market closing.   informational purposes only.

Broad Impact

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