Common Questions
I don't live in St. Louis, Missouri. Can I still work with you?
Although we are based in St. Louis, MO, we work with clients throughout the country. We are not bound by geography when working with you. We seek out clients who are the best fit for our firm, regardless of where they are located.
Do you sell any financial or investment products like annuities or insurance that make you commission?
No! In fact, I am a “Fee-Only” financial advisor. The term “Fee-Only” (or fee-for-service) refers to how an advisor is compensated. A fee-only advisor is paid directly by their client, and does not earn commission of any kind for product sales or referrals. It is the only method of advisor compensation that is transparent, objective, and minimizes conflicts of interest. In addition, a fee-only advisor must act in their clients best interest as a fiduciary 100% of the time.
What if I don’t want to work with you anymore? Is there any catch?
While we certainly hope that our current clients work with us for years to come, we do understand that life can change and there might be uncertainties that we can’t anticipate that might make continuing working together a challenge. We value transparency; that means that you’re not obligated to stay and can opt out of our service at anytime. We do ask that you complete our initial 12-month engagement to fully get the value of a comprehensive plan (outside of understandable circumstances that may arise). We’re proud of our > 95% client retention rate and hope that serves as an indication of how clients feel about our services 😊
What’s your relationship with Core Planning?
Savor Financial is a proud member of Core Planning. Being a part of Core allows me to focus more time and attention on my clients while Core takes care of other necessities of running a financial planning practice. Core Planning is also a community of advisors that offer best of both worlds: independence and collaboration. You can read more about the independent model at the link.
Is there a minimum asset requirement to work with you?
No, we don't have a minimum asset requirement. We don’t believe that only people with a certain amount of investable assets deserve financial advice. We can manage your accounts in house or you can manage them on your own.
Are you a fiduciary 100% of the time?
Yes. Fiduciary means I am obligated to do what is best for a client and I am personally liable if I do not. It’s important to get this in writing from the planners being interviewed. Ask the financial advisors that you’re interviewing if they can say that they’re fiduciary, also ask them that standards apply 100% of the time when you’re a client to avoid undisclosed conflict of interest.