INFOGRAHPIC: 9 things that sets Franklin Madison Advisors apart. (Click to enlarge)
FREQUENTLY ASKED QUESTIONS
Who do you work with?
We work with people who feel like they’ve been doing all the right things, but feel stuck financially. If this is you, worry no more. We’ll take a look at your financial situation and develop actionable strategies that help you move your financial situation to the next level.
What makes you different?
As a fee-only advisor we are compensated directly by our clients in exchange for financial planning and investment management services we provide. Franklin Madison Advisors does not sell securities or insurance products and we do not get paid for buying or selling securities in our clients’ brokerage accounts. This allows us to stay focused on providing objective financial advice. Further, as a Registered Investment Advisor we are held to a fiduciary standard, just like an accountant, doctor or attorney which means that we have a legal responsibility to always act in our clients’ best interest.
Who is Franklin Madison Advisors?
Franklin Madison Advisors is a licensed fee-only Registered Investment Advisor (RIA) whose principal office is in Pittsburgh, Pennsylvania. We provide comprehensive financial planning, ongoing financial advising and investment management services for individuals and families. We believe that we live in an increasingly complex financial environment. Our mission is to create strategies that help people get ahead in life financially.
Where are you located?
While our principal office is in Pittsburgh, Pennsylvania, extensive utilization of technological resources allows us to be a truly virtual firm. Our utilization of video conferencing and virtual scheduling services allows us to serve our clients on days, times and places that are most convenient for them.
What type of services does Franklin Madison Advisors offer?
Franklin Madison Advisors develops strategies that help people get ahead in life financially. We do this by providing fee-only financial planning, investment management and ongoing financial advising support services to our clients.
What sort of products will you sell me?
What are your typical fees?
We believe that transparency in pricing helps build trust which is why we share our fees from the get-go. We typically charge fees separately for our financial planning, ongoing financial advising and investment management services.
Our financial planning fees range from $2,500 to $6,500 depending on the tier of service you select. This fee includes your financial vision and purpose meeting, the cost to prepare your comprehensive financial plan and a follow up strategy meeting.
Ongoing financial advising service fees range from $175 to $600 per month and augment a comprehensive financial plan. This includes structured monthly meetings with our financial strategist to help move you toward your financial goals. Higher tier plans include the cost of discretionary investment management services.
We also offer a-la-carte discretionary investment management services for an initial setup fee of $2,500 and ongoing investment management charge of $450 per month. The setup fee includes the cost of your risk tolerance questionnaire, investment policy statement, asset allocation framework and investment product selection.
What is your account minimum for investment management services?
We do not have account minimums for investment management services; however, given the costs associated with our one-time setup fee and ongoing monthly service charge we recommend this service for account sizes over $250,000. That said, we can still provide guidance and advice for self-directed accounts below this amount.
Are you regulated?
Franklin Madison Advisors is Registered Investment Advisor registered in the Commonwealth of Pennsylvania and regulated by the state Department of Banking and Securities.