Frequently Asked Questions

Everman Prosperity is a fee-only financial planning firm. The term “fee-only” means that commissions are never charged for planning services.

In the event you choose to purchase a commission-based product, any related commissions would be paid to the company providing the product, not to Everman. In addition, Everman will not share in these commissions or recoup any fees from any third party who sells a product to you.

Simply put, “fee-only” means my sole interest is your success, not collecting commissions.

At Everman, I strongly believe in the power of values based financial planning.

Values based planning is a comprehensive approach to financial planning. It touches every part of your financial life, placing all the pieces in a cohesive framework around what matters most. Every step of the process is centered around these values, anchoring and guiding us along the way.

This process begins by getting to know you and understanding your core life values. Once known, these values become a cornerstone of all future decisions. Not only do they help us develop worthwhile goals, but they keep us focused on what matters most; your prosperity.

For your convenience, all meetings are held virtually. Through Everman’s scheduling platform, you’re welcome to find times that work best for you and your spouse. Currently, Everman offers availability in the evenings and weekends to maximize convenience around your busy life.

Short answer: if it has a dollar sign, it's part of the financial planning process.

Comprehensive financial planning covers nearly every aspect of your financial life. Investments, business ownership, budgeting, spending and saving, estate planning, insurance, and tax planning.

None of these things occur in a vacuum. Therefore, comprehensive financial planning considers all aspects of your financial life and provides a complete picture of your current (and future) situation.

Once you sign as a client, there will be an initial flurry of meetings over the first four-six months. This onboarding normally requires up to six meetings but can vary depending on client need.

Once onboarded, meetings are offered quarterly. Again, this schedule is flexible depending on client preference and need. Regardless, Everman will check in with you at least quarterly.

Finally, as a planning client, you are always welcome to reach out and schedule a meeting whenever a need arises.

At Everman, there are a few ways fees may be collected: as a percent of invested assets, directly from the client, or a combination of the two.

Before signing with Everman, you will be quoted an “annual minimum fee”. This fee varies from client to client depending on your personal situation and complexity.

You may choose to pay this annual minimum out-of-pocket or take advantage of Everman’s investment management services. Through investment management, fees are collected directly from invested accounts. The fee for managed invested accounts is 1.00% of account balances per year. Should this 1.00% cover your annual minimum, you will pay nothing out-of-pocket for financial planning services.

Should 1.00% of your invested assets fall short, no worries. You can still enjoy the benefits of investment management and pay the difference out-of-pocket to satisfy the annual minimum for financial planning.

Each year, your out-of-pocket costs (if any) will be re-calculated based on your managed assets. As your investments grow, more of your annual minimum will be covered by the 1.00% of assets fee. Therefore, yes, as your investments grow your out-of-pocket costs will decrease.

Yes, if 1.00% of your invested assets cover your annual minimum, no out-of-pocket cost is required.

Should your investment balance grow to cover the annual minimum, your out-of-pocket costs will no longer be required. This re-calculation happens every year.

No, once your out-of-pocket costs are determined, they will not increase if your investments lose value.

Your out-of-pocket costs may increase if there is a significant change in your planning situation. Business ownership, addition of rental properties, and complex estate issues are just a few reasons fees may be adjusted.

Further, Everman Prosperity may periodically change minimum fees to reflect inflation and ensure continued quality of service.

Yes, if you wish to keep your investments with another custodian, you may pay your entire annual minimum out of pocket.

Both out-of-pocket and 1.00% investment management fees are paid quarterly in arrears.