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How is Contour Financial different from its competitors? There are two primary differences:
- Private Wealth Management Services Not Exclusively for High Net-Worth Clients – The previous focus tab explained the comprehensive approach Contour Financial takes with its clients to insure that their retirement goal is fulfilled. This comprehensive approach is known in the industry as “Private Wealth Management”. Private Wealth Management requires that the client receive 100% customized, ongoing, personalized service.
Being that one size does not fit all and ongoing monitoring and adjusting is required, servicing the customer is highly labor intensive for financial firms. Traditionally, Private Wealth Management has been offered by the industry exclusively to “High Net Worth Individuals”. The reason for this is that large fees need to be generated to cover the higher ongoing expenses. Through technology and operational efficiency, Contour Financial has been able to bring this valuable service not only to the wealthy, but also to upper-middle and middle class clients.
- Fee-Only – Our organizational structure is fee-only*, and all of our services are offered 100% on this basis. Fee-only can be defined as having our employees avoid potential conflicts of interest by working solely for you. Often a client does not know how the advisor is compensated. This charge may be hidden in the product sold. It may not be in the best interest of the client to purchase an annuity or load fund, which pays a significant commission. We earn no compensation from third parties such as mutual fund or insurance companies, and we do not sell any financial products. No compensation is earned for referring a client to another professional that complements our services.
* The National Association of Personal Advisors (NAPFA) is the financial planning organization composed entirely of fee-only advisors. NAPFA is nationally recognized, and is quoted frequently in financial publications such as the Wall Street Journal, Money Magazine, and Smart Money Magazine.
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