Who is Watercolor Financial?
Frequently Asked Questions
Q
Are you acting in a fiduciary capacity? Meaning, are you legally required to put my interests first?​
Answer: Yes, we are a legal fiduciary.
Q
How do you get paid at Watercolor Financial?​
Answer: We are a fee-only company. We get paid on the assets we manage. You pay us based on the amount of money you have invested with us. We do not charge extra for the retirement plan or any phone calls or meetings. Everything is covered under the quarterly fee.
Q
Do you have a minimum asset requirement?
​Answer: It depends. We are geared towards clients who have over $1 million to invest. We enjoy helping working professionals who are savers, and we will waive the $1 million requirement if it makes sense for all.
Q
Will you provide a holistic plan? Including budgeting, income projections, investments, tax planning, estate and insurance reviews?
​Answer: Yes, the Watercolor team feels strongly that it is important to look at a client’s whole picture. We want to understand who our clients are and what is important to them. This helps inform our recommendations related to investment strategy, gifting and cash flow. We also help our clients with tax planning, income projection and implementing their estate plans. We work closely with our clients’ tax preparers and attorneys.
Q
How will we communicate and how often?​
Answer: We communicate with our clients via email and phone calls. Our meetings will either be in person or via Zoom video conference, depending upon the client’s preference. We meet for a strategy review annually, with some clients preferring to meet quarterly. In the first year, we often meet at least four or five times to make sure we have all your information and understand your situation. Our team is available to help our clients reactively, too, as issues or questions come up.
Q
Can you share references?​
Answer: Yes, we would be happy to connect you to current clients who have worked closely with us.