Formation Wealth Management is different from the big financial firms.
In an effort to cut costs, many large financial firms are doing away with local in-person one-to-one financial advice in favor of phone, video and online consults. In addition, the quality of advice may not be top tier, as less experienced employees are hired to fill their call centers.
Many large financial organizations operate under a “suitability” standard of care, which is a lesser standard. They may also offer proprietary investment products or have sales quotas that may not be in your best interest.
Let Formation Wealth Management be your financial wingman.
We are an independent Registered Investment Adviser (RIA). We strive to be transparent and operate under a fiduciary standard of care, which means we’re legally obligated to act in the best interests of clients at all times. Others in the industry operate under a lesser “suitability” standard of care. Before hiring a financial adviser, you should understand the difference between the two.
Our office is located in Ponte Vedra Beach, Florida, but we are available to meet in person throughout Florida. Initial consultations are complimentary so you can determine if we are the right fit for your family.
We believe the proper practice of wealth management involves a disciplined process that is plan- based and holistic. Our work with you encompasses your entire financial situation, not just a focus on the investment accounts.
We take pride in bringing our best to our clients. Our education, credentials, and experience, coupled with sophisticated technology, help to guide you on your journey to create, preserve, and distribute your wealth.
It is not our goal to serve the most clients. We believe in this case, less can be more. We seek to work with a smaller, select group of families and individuals who are engaged in our process and for whom we believe we can make a meaningful impact on their lives.
“There are risks and costs to a program of action. But these are far less than the long range risks and costs of comfortable inaction.”
INVESTMENT PHILOSOPHY
Financial Planning
Financial Planning is the foundation of a successful investment program. We believe meeting you in person and having a candid discussion regarding your family, goals, dreams, and expectations relative to your concerns and fears regarding risk, healthcare costs, securing lifetime income or any other concerns is essential to creating a tailored individual plan and making valid recommendations.
Modern Portfolio Theory (MPT)
Our advice is based on Modern Portfolio Theory. MPT attempts to maximize portfolio expected return for a given amount of risk, or equivalently minimize risk for a given level of expected return, by carefully diversifying the proportions of various asset classes. We employ extensive research and sophisticated software tools to assist us in this analysis.
Low Cost Investments
Formation Wealth Management is an independent firm. We are independent by choice in an effort to deliver more value to you. We avoid layers of fees that are often paid by investors of large firms. We also focus on low cost securities in the design of our portfolios. This approach is commonly used by large institutional investors and we bring this approach to investing to individual investors.