FAQ
How We Work
Our first priority is helping you take care of yourself and your family. We want to learn more about your personal situation, identify your dreams and goals, and understand your tolerance for risk. Long-term relationships that encourage open and honest communication have been the cornerstone of our foundation of success.
Why FP360?
FP360 was created to fill a great gap that exists in the financial services industry. Who takes the time to help the little guy or gal just needing some basic advice and direction on how to get somewhere in life with their hard-earned money? Our experience has been that making the wrong decisions early (being sold products like whole life insurance or annuities) or waiting to invest because of feelings of not having "enough" are the ugly side of the advice world. Those with no one to educate them or a platform to make a start fall behind. That's why FP360 was created. We are there to give you the start you have been looking for. Our clients are students, those trying to raise a family and save, and middle-aged folks who realize they are behind and need advice.
What do you mean when you say FP360 is a fiduciary?
A fiduciary always puts the needs of the client ahead of the company's profits. The founders of FP360 worked for the big firms that didn't want advisors even talking to anyone who had under $250,000 to invest. A fiduciary works on the side of the client and makes sure investments are as low cost as possible and suit the needs of the client. We don’t work on commission or have any reason not to find the best choices for our clients.
What is the minimum investment to use FP360?
There is no minimum investment. You control the speed/timing at which your money is invested with no minimum.
What are the different membership types and what do they cost?
Please see our Membership Tab
What is the cost to manage my money through FP360 Create?
FP360 charges a flat fee of 1.25% annually to manage client money in our customized model portfolios. We do have an annual minimum fee of $200.
Do I have to use a model portfolio through FP360 Create or can I pick my own investments?
In our experience clients do better over time with an advisor managing money for them. We do this through very low-cost index exchange traded funds (ETFs). Each client is assigned to a model based on risk tolerance that is determined after an interview between the advisor and the client. These model portfolios are rebalanced periodically.
Can I just have my money managed through FP360 Create or do I have to subscribe to one of the other advice plan options like FP360 Check-Up or FP360 Coach?
While we encourage the use of one of our advice subscription options and utilizing one of our CFP® professionals or CPAs, it is not required. We chose the "a la carte" design to give you more choice.
Will I have access to my money?
We don’t sell products that have surrender periods so in most cases your money is liquid and accessible within a few days. Depending on the type of account your money is in will determine what the tax consequences of a withdrawal will be, if any.