What is personal financial planning?
Personal financial planning is a process of making decisions about all areas of your financial life. The process includes gathering information about your assets, liabilities, spending, and income; discussing and identifying goals and objectives; modeling and presenting financial solutions; then implementing the plan using either tax and legal strategies or investment and risk management recommendations.
The financial planning process is an art and a science where a good planner can literally lead a client through a process of self-discovery about how they feel about money and what they want to accomplish with their lives. We believe that excellent financial planning is just as much about people and families as it is about computer modeling and the latest tax strategies.
Why should I use a financial planner?
A financial planner is a trusted counselor who can help guide you through making good decisions in what can be a complicated financial world. Excellent planners can help you to be more objective and less emotional in your decision-making process, and they can provide the framework for making those decisions within a context of how your decision will impact your ability to achieve your goals. They can also help educate you about tax and legal issues that can be difficult to understand. A comprehensive financial plan involves expertise in a variety of disciplines that most individuals probably don’t have the time to properly research.
What are your fees?
Our services are entirely fee-based and strive to be free from any conflicts of interest.
Do you receive any other type of compensation, such as commissions, bonuses, or “kick-backs” for the investments you recommend?
No, we strive for our advice to be conflict free.
Who is your typical client?
While our clients’ investable assets typically exceed $500,000, we are able to serve clients at every asset level. Our clients range from families who hire us to manage their investment portfolio to clients with complex financial situations that require comprehensive, integrated, and objective advice.
Our best clients value and implement our feedback and advice. They take advantage of the on-going financial- and investment-related education we offer. While it is not a requirement, we know that our best clients are individuals looking to establish a close, long-lasting relationship with their financial advisor.
How do you work with clients remotely?
Although our office is located in Larkspur, California, we work with clients all over the country, and even a few abroad. Thanks to the development of new communication technologies, we’re able to make sure the experience of our out-of-the-area clients is as positive as that of our local clients.
To do that, we use…
Do you sell insurance, annuities, mortgages, etc.?
No, we don’t sell insurance, annuities, mortgages or any other investment vehicle, but we may recommend them as part of a comprehensive financial plan. We do provide referrals to subject matter experts who sell these products, but when we do, we do not participate in the compensation received for the sale of these products.
What can I expect from my relationship with Broadwing Capital Advisors?
First, you can expect us to get to know you well. We strive to learn as much as possible about our clients because it helps us to guide them toward better financial decisions.
Second, you can expect attention to detail, prompt response to letters, calls and emails, clear reasoning for our recommendations, diligent execution of the tasks at hand, and confidentiality in all matters.
Third, we serve as our clients’ financial advocate and provide direction and coordination to our clients’ other financial, legal, tax and insurance advisors so that our clients are relieved of day-to-day concerns about the management of their financial affairs.
Finally, you can expect absolute honesty and integrity in every meeting, every observation, and every recommendation we make. You can and should expect us to adhere to the highest ethical and professional standards in every aspect of our relationship.
What happens if something happens to Kelly Kane?
Broadwing Capital has entered into a Contingency Agreement with Taddei-Ludwig & Associates (“TLA”), a Wealth Management firm and Registered Investment Advisor located in San Rafael California. This agreement requires TLA to assume responsibility for Broadwing Capital’s clients in the event that Kelly Kane becomes disabled or dies.
TLA has been working with investors throughout the Bay Area since 1989. Kelly chose TLA for this purpose because he has known the three principals since the 1990’s, he has grown to trust them while working together over the years, and because TLA’s planning philosophy and investment style are very similar to Broadwing’s.
Where will my investments be held?
We custody client assets at The Charles Schwab Corporation. The Charles Schwab Corporation is a bank and brokerage firm, based in San Francisco, California. It was founded in 1971 by Charles R. Schwab and is one of the largest banks and brokerage firms in the United States.
What is your investment philosophy as a firm?
We deploy principally two types of portfolios: one group of portfolios that invests primarily in open and closed- end mutual funds and exchange-traded funds; and a second type of portfolio that invests primarily in individual common stocks. The two general model types we use are described below:
Security selection for all of the above model portfolios is the result of research obtained primarily from subscriptions to Morningstar, AdvisorIntelligence.com, Seeking Alpha, Dividend.com, and a variety of other investment research providers.
While we primarily invest client assets in open-end and closed-end mutual funds and exchange-traded funds as discussed above, there are circumstances when a more customized approach to security selection in required, in which event we can also invest portfolio assets in any of the following: