Frequently Asked Questions

 


 

Why choose Flaharty Asset Management?

Flaharty Asset Management strives to be our clients trusted advisor. Our institutional money management process, our exceptional client service, and daily monitoring of financial markets sets us apart. We tailor our individual financial plans to meet the needs of clients, and why we say "It's a Process, Not a Product."

 


Do you charge an extra fee for your concierge desk?

There is no charge for our Concierge Desk.It is our goal to provide exceptional service that exceeds our clients' expectations. We strive to do whatever we can to keep our clients on track with their financial plan, and make a difference in our clients' lives.


 

I haven’t heard from my financial advisor in a year, what should I do?

We maintain regular contact with all of our clients. Please contact us today for a complimentary review and see how we are different.


Do most financial advisors utilize a CFA (Chartered Financial Analyst) in their office?

Most local financial firms do not have a CFA on their team. Having a chartered financial analyst (CFA) allows us to execute our Investment Rules on a daily basis.


What do you mean by "Objective Advice?"

Our fee based platform allows us to stay focused on the process of managing our clients investments. Therefore we are able to provide objective advice.


Do you charge for an initial consultation?

Absolutely not. We offer a complimentary review to all prospective clients. Sometimes this is more than one meeting, but we want to make sure you know our investment process before working with us.


 

CHOOSING THE RIGHT FINANCIAL ADVISOR or FINANCIAL PLANNER

What Should Consumers Look for in a Qualified Financial Advisor or Financial Planner?

  1. Request background information on the firm.
  2. Ask if they have been subject to any disciplinary actions or have received any client complaints in the past.
  3. Ask for a copy of the firm’s compensation, fee and/or commission schedule(s).
  4. Ask for references, specifically from clients who have similar goals as yours.
  5. Inquire about the financial advisor’s experience, education, professional affiliations, credentials and general background.
  6. Make sure the financial advisor is properly registered/licensed, bonded and insured in the states where they do business.
  7. Review the advisor’s methodology prior to committing your investment.
  8. Ask if the financial advisor is using an institution to “clear” or execute trades. If so, become familiar with that institution and double-check the fees associated with this activity. There may be hefty ”commissions” involved.

Why Is an Advisor’s Fiduciary Duty Important?

  1. Ensures the advisory firm should exercise their “best efforts” to act in good faith and in the best interests of each client. 
  2. Full disclosure of revenue sharing agreements between the advisor, advisory firm and the financial products being represented.

 

What Is a Certified Financial Planner (CFP)?

Certified Financial Planner CFP® designees have demonstrated competency in all areas of finance related to financial planning, including stocks, bonds, taxes, insurance planning, retirement planning and estate planning.

Candidates must pass a comprehensive 10-hour exam, demonstrate extensive experience in the field of financial planning (three years of full-time work & bachelors degree), and meet certain background requirements in order to be approved by the Certified Financial Planner Board of Standards in the US.

After achieving the CFP® designation, all designees are required to adhere to the CFP® Board Code of Ethics and Professional Responsibility and to the Financial Planning Practice Standards. The CFP® Board has the right to enforce them through its Disciplinary Rules and Procedures

What Is a Chartered Financial Analyst (CFA)?

The Chartered Financial Analyst CFA® designation is a qualification for finance and investment professionals, particularly in the fields of investment management, investment banking and financial analysis.

To achieve the CFA® designation, candidates must pass a series of 3 exceptionally difficult exams over the course of the three-year program. These exams require extensive knowledge in accounting, economics, portfolio management, and security analysis, and require candidates to demonstrate competence and integrity.

What Is the Financial Planning Association (FPA)?

The Financial Planning Association (FPA) is an organization of 28,000 members devoted to connecting financial professionals to the investors that benefit from financial planning. The FPA provide services such as working in alliance with academic leaders, legislative and regulatory bodies, financial services firms, and consumer interest organizations.

The Financial Planning Association (FPA) is also called FPANET and its website offers consumers education about financial planning including interactive tools such as educational seminars, literature, audiocasts, checklists, email hotlines and a financial planner search service.