Frequently Asked Questions
Yes, SCW Wealth Management, offers comprehensive financial planning services to help our clients achieve their financial goals. Your advisor will work closely with each you to understand your unique financial situation, create personalized a financial plan, and provide ongoing support and guidance. From retirement planning and investment strategies to tax planning, debt management & estate planning, you will receive dedicated advice to help you secure financial future. The planning approach emphasizes client education, transparency, and a long-term perspective, ensuring that you are well-informed and empowered to make sound financial decisions.
SCW Wealth Management believes in transparency and fairness when it comes to our fee structure. The fee structure provides clients with a simple all inclusive fee based on a percentage of the assets under management. This fee is typically calculated annually and is directly linked to the value of the assets under our management. This structure ensures that our fee is directly tied to the growth of your investments. Our fees are very competitive and we strive to keep the fees low for each client. Additionally, for certain services such as financial planning, a flat fee may be charged. Before engaging our services, your advisor will discuss and disclose all fees and charges specific to you, ensuring you have a clear understanding of how you will be charged for our services. The goal is to provide value and peace of mind, while maintaining a transparent and ethical approach to our fee structure.
At SCW Wealth Management, maintaining regular communication with clients is of top priority. The firm understands the importance of staying connected and keeping you informed about your investments and financial well-being. Proactive efforts to reach out to you through regular phone calls, email updates, and in-person meetings, as needed. Furthermore, SCW Wealth believes that two-way communication is essential to ensure you are informed and engaged in their financial journey. SCW Wealth is committed to being accessible to our clients and strongly encourage clients to reach out to whenever they have questions,. The firm's commitment to transparent and proactive communication is a fundamental aspect of the client-centered approach to wealth management.
Yes, SCW Wealth Management believes in the importance of regular reviews to ensure that your financial plan remains aligned with your goals and objectives. Your advisor will schedule periodic meetings with you to review your portfolio performance, assess any changes in your financial situation, discuss any updates to your goals, and make necessary adjustments to your investment strategy. These reviews ensure that your financial plan continues to reflect your current circumstances and objectives, providing you with peace of mind and confidence in your financial future.
Yes, SCW Wealth Management understands the importance of tax reporting for our clients. Our firm uses Charles Schwab to custody our client's assets. Schwab also provides all the reconciliation of client trades, activity and delivers monthly statements of your accounts. Additionally, they issue annual comprehensive tax reporting statements that detail all relevant investment income, capital gains, and any other tax-related information necessary for filing your taxes accurately. Our Schwab team works diligently to ensure that all tax reporting statements are accurate and delivered in a timely manner, so you can have the information you need when it comes to tax season. SCW Wealth strives to provide proactive tax planning strategies to help minimize tax liabilities and optimize your financial position.
A: Getting started with SCW Wealth Management is a straight forward process. The first step is scheduling an initial consultation. During this meeting, your advisor will take the time to understand your financial goals, investment preferences, risk tolerance, and overall financial situation. Next you will be presented with a tailored wealth management plan.. After this, if you decide to move forward with our services, we will work with you to establish an investment strategy based on your financial plan. Your plan will continually be updated to keep present with life changes, changes is your needs/values and goals, as well as market movements. Throughout the process, open communication and transparency is prioritized, making sure you are comfortable and well-informed every step of the way. The firm's goal is to help you achieve financial success and peace of mind through our comprehensive wealth management services.