If you have questions that are not answered here, please send us an e-mail by clicking here.  You can also contact us by calling (972)386-0384 and talking to Amy Eubanks (ext. 200) to arrange a time for us to talk over the phone.

These are the questions that most people have before becoming a Prudent Money client. 

 Bob, how can you help me? 

 I can help people in 1 of 3 ways. 

 1)      Investing and Managing Money

My clients depend upon me to invest and manage their money. 
 
I have found that most of my investment clients found themselves in one of the following situations before becoming a Prudent Money client.

• Left a company and need to rollover a 401(k) plan
• Not happy with their current financial advisor
• Received a lump sum of money and need direction
• Have investments spread out over many accounts and need organization, an investment strategy, and a management strategy

 2) Hourly Fee Planning and Consulting

 It might be that you don’t have investments that need to be managed.  You might just need advice.  I have developed a program where I can help people strictly on an hourly fee basis.  This is for someone who needs advice or coaching on financial and money issues.  I can help in the following areas:

• Financial Independence Planning – I implement my benchmarking system as a way to help you stay on track towards your own Financial independence Day. That is the day you have a choice whether you want to earn an income.  I am not a big believer in retirement - I would rather provide choice!
• College Planning – I can help you determine the best type of account and help set your college planning goals.
• Estate Planning – I can help you determine the right amount of life insurance for your family.  I can also refer you to an attorney for any legal help.
• Debt Planning – I don’t offer debt consolidation.  However, I can help you determine your options and develop a game plan.
• Boundary planning – I will teach you my boundary planning system.  It is a substitution for budgeting.  I don’t believe in budgeting!   Couples can use this to drastically change how they manage their finances. 
• Small Business Consulting – Through the years, I have consulted with business owners on a variety of different issues.   
• 401(k) risk assessment – I can conduct a risk assessment and recommend the best strategy for your company retirement money.

 3) As a Resource

Whether you are a client or a Prudent Money listener, I am available as a resource as well as to refer you to resources.  For my clients, I am always available to find resources for you.  For listeners and anyone part of the Prudent Money family, Ask Bob is always available for an answer to a question.  I personally answer every e-mail. 

Most importantly, I am always available for an initial consultation over the phone to assess your situation at no cost.  The objective is to determine if I am a fit for your needs.

Bob, how are you compensated?

Prudent Money Financial Services is a Registered Investment Advisory firm and I manage money on a fee basis.  The fees come straight out of the investments and clients don’t have to write separate checks.

Unlike most financial advisors, I am completely independent.  I believe that the fee-based approach is the most objective, client-oriented way to handle investing and managing money. 

My fee schedule for money management:

We also have a one time set-up fee of $200.00. Beyond that and the expense ratios of the funds that we manage, there are no other fees in the money management process.  

Bob, who do you work for?

I work exclusively for my clients. This has been the motivation for being independent and registered with the Securities Exchange Commission as a Registered Investor Advisor.   I don’t have sales quotas to meet or a sales manager to keep happy.   It is real simple.  I work for a win/win situation.  If my clients are not happy, then they can leave.  We both have something to lose. 

Bob, how long have you been in the business? 

I started my practice in June or 1992. 

Bob, do you have a minimum account size?

I want the freedom to talk with anyone who desires to be helped.  It might be that the investment management program is a fit for you. If not, it might be that fee based advise will work. I am committed to help you find a resource whether it is with me or through some other avenue.  As a result, I don’t set out to limit my services through account minimums.  I just want to hear your story and see if I can help you.  If I can’t, I want to figure out who can.  Although there are account minimums on various programs, there are still good solutions for everyone.   Due to being independent, we have the flexibility to adapt to your situation rather than having you adapt to our minimum requirements.

In other cases, it will make sense for us to consult with clients on an hourly basis.  The bottom line is that we want to make sure everyone has the opportunity to receive help in some fashion. 

Investing in the Prudent Money Management Model involves certain risks, including in all or some cases leverage, liquidity concentration, non-diversification, market, and investment technique.  Moreover, there is no guarantee that the Prudent Money Management Model will achieve a positive outcome.  These risks can increase volatility and decrease performance.

The Prudent Money Management Model is not a mutual fund nor is it a fund of funds strategy as defined by the SEC.  It is an investment strategy.

It is important to note that the Prudent Money Management Model may or may not be suitable for all investors. 

Past performance does not guarantee future results.  The performance data quoted represents past performance and current returns may be lower or higher.  The investment return and net asset value will fluctuate so that an investor’s account, when redeemed may be worth more or less than the original cost.