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Prospective Client FAQs

  • Financial planning is the process of setting and achieving financial goals through the creation of a comprehensive financial plan. This plan takes into account all aspects of your financial life, including budgeting, saving, investing, taxes, insurance, and retirement planning. A financial planner can help you identify your goals and develop a plan to achieve them, ensuring that you're on track to achieve the financial security you desire.

  • Yes, at The Heritage Group we uphold the fiduciary standard. Our advisors are Holistic Financial Advisors, Fiduciaries, and Investment Advisor Representatives, which binds them to the Fiduciary standard through the Investment Advisers Act of 1940 and the Department of Labor Fiduciary Rule.

  • Half of the questions on this page will probably deal with this very question. The answer is complicated, some yes, some no. There are SOME people to whom these ads might be true. Some programs do offer thousands in benefits. Some Medicaid plans offer to pay your monthly part B costs. Instead of giving your personal information to these international call stations for pie in the sky freebies, I once again suggest you talk to a local certified insurance agent.

  • A fiduciary is a person or organization that acts on behalf of another person or persons to manage assets. Essentially, a fiduciary owes to that other entity the duties of good faith and trust. The highest legal duty of one party to another, being a fiduciary requires being bound ethically to act in the other's best interests. Most advisors tailor their investment advice to individuals’ clients they work with, however, not all advisors are governed by the same standards. Fiduciary advisors work directly for clients and must place clients' interests ahead of their own, according to the Investment Advisers Act of 1940. For example, advisers cannot buy securities for their accounts prior to buying them for clients and are prohibited from making trades that may result in higher commissions for themselves or their investment firms. It also means advisers must do their best to make sure investment advice is made using accurate and complete information and that the analysis is thorough and as accurate as possible. Avoiding a conflict of interest is important when acting as a fiduciary, which means that advisers must disclose any potential conflicts. Advisors who are not a fiduciary, however, serve the broker-dealers they work for and must only believe that recommendations are suitable for clients. This suitability standard is set by the Financial Industry Regulatory Authority (FINRA).

  • Our firm is designed to accommodate Triple A clients - Assets, Attitude and Advocacy.

    Assets – Having the assets that our strategies will accomplish your goals and entrusting us with those assets in our holistic financial plan.

    Attitude – While financial planning can be mundane, having fun, laughing with a positive attitude creating a friendship along with a long-term relationship

    Advocacy – Our clients are advocates, not only for us, but more importantly, they are advocates for the people who are important to them. Their family, friends, community, and colleagues.  If they see that someone is facing a difficult financial question or decision, they go out of their way to introduce us, so that we can act as a sounding board for them. We currently participate in community events and will continue to be part of events our clients are passionate about.   

  • With our holistic approach, we provide you the convenience of one-stop to deliver coordinated investment management, tax management, financial planning, healthcare and long-term insurance strategies, retirement planning, and charitable giving strategies, ultimately providing you a household CFO to help maximize your wealth. For most individuals and families seeking advice on their financial, tax, insurance, investment, or legal needs, they are forced to meet with different professionals (investment advisor, CPA, attorney, insurance agent). Those professionals operate in silos and they don't all sit at the table collaborating on your behalf. In many cases each of those professionals are just trying to sell their individual products or services. The end result is that you may have a lot of pieces of the puzzle (investment products, insurance policies, tax services, maybe even a will or a trust), but no picture on the front of the box to show how they all come together. At The Heritage Group we are a little bit different from any other firm you’ve probably talked to in the past. Our holistic approach ensures all these areas are coordinated and working together.

  • We work best with first generation wealth clients that have a minimum of $500,000+ of investable assets. While we are a multigenerational firm, we also work with successful professionals who might not have the minimum for investable assets but strive for a holistic financial plan.

  • Expect to meet several times during the initial first year. It is critical that we get things right for you, for your reasons. And like baking a cake, it takes time...all the ingredients must be in the perfect amount and perfect order. It's no different with your financial plan. To get your perfect for you, it will take time and many conversations.