We’ve included a list of FAQs below to help answer your most common questions.
ARE YOU A FIDUCIARY?
Yes. At Progress Wealth Management, your needs come first – ahead of anything else. We have an ethical and legal obligation to do what’s best for you.
WHAT ARE YOUR FEES?
We are a non-commissioned wealth manager and our fees get lower as your balance grows. You can learn more by heading to our services page where we share our exact fee structure. No surprises, the way it should be.
ARE YOU A CFP?
Yes, we are! By hiring us, you’d get access to a team of professionals comprised of multiple CERTIFIED FINANCIAL PLANNERS™, two non-practicing attorneys and an EA. These marks indicate that we have completed rigorous training and education requirements, uphold a strict ethical obligation to our clients, and continue to educate ourselves on the best financial planning and advice practices to build on.
DO YOU SPECIALIZE IN WORKING WITH TECH EMPLOYEES?
We do! We’re passionate about serving tech employees (especially those in their 20s-40s). Why? We firmly believe that you are working hard and making a lot of critical financial decisions that you need help with. Too often, hard-working tech employees end up waiting until they’re in their 60s to take a closer look at their finances. Unfortunately, by then, we have lost our biggest advantage, time. When you build your financial plan early, you’re able to leverage your wealth to live an exceptional life now while still planning for an incredible future and retirement.
Today, Progress Wealth Management predominantly serves Gen X & Gen Y tech employees and their families. In laymen terms, most of our clients’ household incomes are $200,000+ with many households having incomes in the mid-six figures to seven figures or greater and fall between the ages of 25 to 50. Net worth can vary drastically for our clients, from -$200,000 (thanks student loans!) to $5,000,000+.
DO YOU SPECIALIZE IN HELPING RETIREES?
We absolutely do! The bulk of our founder’s career has been hyper-focused on helping retirees better manage their financial lives. We firmly believe that by working with an expert, your retirement will be happier, healthier and more reliable. Too often, people only start talking to a financial planner once they retire or get close to it which makes it much harder to afford because they’re missing out on the biggest advantage, time. When you start planning for retirement early on, you give yourself and your financial planner a lot more to work with.
DO YOU OFFER SERVICES TO EARLY CAREER PROFESSIONALS?
We do! It’s never too early to start building your financial plan. Since we have no minimums, we are very accessible regardless of how small your savings are. We’d love the opportunity to get you on the right track for your future.
DO YOU HAVE AN INVESTMENT MINIMUM?
No, because we also offer a retainer model. So, regardless of your net worth or how much you’re investing, you still have full access to comprehensive financial guidance, investment management, and ongoing support!
DO YOU WORK VIRTUALLY?
Yes, it is one of our strong points! We have a virtual team that can serve you no matter where you’re located. We have clients all across the country but our main office is in Denver, Colorado.
HAVE YOU BEEN RECOMMENDED/VETTED BY ANY ORGANIZATIONS?
Yes! We are a certified NAPFA Advisor (under 5% of advisors are accepted), a Zoe Certified Advisor (under 1% of advisors are accepted) and are a SmartVestor Pro. These are prestigious organizations that have requirements like:
- Be a fiduciary (Be legally bound to always recommend what’s in your client’s best interest).
- Have a clean U-4 (meaning no lawsuits, DUI’s, bankruptcies, etc.)
- Be fee-only (non-commissioned)
- Be planning focused.
- Have a CFP.
WHAT IS FINANCIAL PLANNING, AND WHY DO I NEED IT?
Think about all the uncertainties in regard to all the financial topics in your life. From insurance to cash flow to investing to saving for your goals while still enjoying the lifestyle you want today, it’s a lot to try and figure out on your own. You need to make complicated decisions — and each choice impacts the other ones you need to make. It can feel like trying to balance an endless series of dominos without knocking over a single one — ever!
But what if you knew the right decisions to make? What if you could make those choices with confidence? Imagine having all those uncertainties identified, explained, and planned out into actionable steps for you. Imagine if you had someone to navigate through the financial decision-making process with you, a trained, educated, and objective third party there to help you at every financial crossroads, ensuring you chose the right path.
That’s what financial planning can do for you. We’ll be there every step of the way, offering professional and highly-qualified advice no matter what goals you want to reach. Having a true financial plan built by a CFP® will give you even more confidence to help you create what you want in your life using the resources you have.