Financial Planning Services
We're devoted to providing deeply integrated financial planning services to our valued clients.
Our financial planning team relies on a set of proven techniques centered around four key concepts, which are to help clients set specific and achievable financial goals, apply economic analysis to all financial decisions, analyze income and asset protection strategies, and integrate and monitor a successful financial plan. These form the foundation of our wealth building process that is at the forefront of the industry.
As a pharmacist, you face a unique set of obstacles and challenges when it comes to building wealth and securing your financial future. We will address them all, from managing student loan debt, to selecting employee benefits, to purchasing disability insurance and maximizing your tax deductions. At Pharmacist Wealth, we believe that true financial planning can only be performed on a comprehensive level.
At Pharmacist Wealth, our team strives to set a new standard for financial planning, investment management, and fiduciary care by offering a comfortable and supportive environment to our clients across the country. Whether you're a recent college graduate or decades into your career, your voice will be heard, and your financial plan will be tailored to your specific needs, objectives, and lifestyle.
Please contact us to discuss your unique questions and to schedule a free consultation.
It says that you're a "fee-only" financial planning firm, what does that mean?
Being "fee-only" is an important element of our company culture. It means that we do not sell any products or receive commissions of any kind. Instead we provide a flat fee for service, allowing us to make unbiased decisions for our clients.
will i be working with a certified financial planner?
Yes, all financial planning advice will be provided by a Certified Financial Planner who has agreed to the Fiduciary Oath. Our Founder and CEO, Renee Bonsell, will also be present in your initial meetings to help guide you through the onboarding process.
WHY SHOULD I HIRE YOU INSTEAD OF DOING THIS MYSELF?
All of our clients are smart enough to create and manage their own financial plans, but they're also smart enough to know they don't want to! As a pharmacist, your time is valuable, and by hiring us you'll be streamlining the financial planning process and delegating the financial stressors in your life to a professional, allowing you to spend more quality time doing what you love.
Who is your typical client?
Our typical client is a young professional, or family, who is smart, driven, and enjoys living life. Whether they have limited financial resources or significant wealth, they share the common goal of wanting to achieve financial peace of mind. They understand that financial planning is not a sprint; it's a marathon, and they're looking for a coach to help them reach the finish line.
Who is not a good fit for pharmacist wealth?
If you're looking for a firm that can "beat" the stock market, or you're interested in trying to time the market, we probably are not a good fit for each other. We believe that wealth is created through patience and discipline over the course of many years.
DO I HAVE TO BE IN THE PHARMACY PROFESSION TO WORK WITH YOU?
Absolutely not! While our target market may be pharmacists, the same basic financial planning principles apply to all professions and levels of income. Contact us if you'd like to learn more about our services.
DO I HAVE TO COME INTO YOUR OFFICE?
No. We can meet virtually using web conferencing software, and with one click you'll be able to view our computer screen and connect to the audio through your headset or telephone.
Do you work with people outside of ohio?
Yes. We work with clients across the country, and because of our flexible meeting schedule we're able to accommodate clients in all time zones.
WHAT IS YOUR INVESTMENT PHILOSOPHY?
We focus on crafting an investment allocation based on your unique goals and risk tolerance, and keeping investment fees as low as possible. As a fee-only firm, we will never recommend an investment that carries a sales load or commission.
is my money safe?
Pharmacist Wealth will not take custody of any of your bank accounts, investment accounts, or assets. We encourage our clients to keep their money in accounts insured by the SIPC and/or FDIC, and to carefully review their statements each month.
DO I HAVE TO PAY FOR THE FIRST MEETING?
No. We offer a complimentary discovery meeting to see if we might be a good fit to work with each other. At the end of the meeting we will quote your fee and discuss next steps.
How do you get paid?
We are a fee-only financial planning firm. That means that we charge a flat fee and do not get paid any commissions, kick backs, or “trails.” We believe this is the fairest form of compensation.
You sure do talk shop a lot, Do you have any your interests outside of work?
Renee is an avid horseback rider, half-marathon runner, and golfer. She also enjoys spending time with her husband and their beagle. A healthy work-life balance is something we value deeply!
How We Charge
We designed our fee structure to be transparent and easy to understand. As a fee-only financial planning firm, we do not sell financial products or receive commissions of any kind. Instead, we charge a flat annual fee of either $1,000, $2,000, or $3,000. The factors that determine your fee will be your net worth and level of income.
Your fee will be quoted at the end of your complimentary discovery meeting, and will be jointly determined between you, Renee, and your Certified Financial Planner. Once your fee has been set, we guarantee that it will not increase for at least two years.
The benefit of working with a fee-only financial planning firm like ours, is that your fee only goes up if your wealth increases, too. This aligns our interests and removes any potential conflicts of interest. Our focus becomes applying economic analysis to all financial decisions to help you achieve your goals.
Unlike commission-based firms who may sell you a product, such as an annuity, and receive compensation regardless of suitability or performance, we only collect our fee if our clients are satisfied and reaching their financial objectives.