Yes. As a fiduciary, we maintain an obligation to make recommendations that benefit you whether or not we profit from those recommendations. We know that by keeping your best interest at heart, everyone benefits. We receive fiduciary guidance and accountability from our relationship with The Fiduciary Alliance, a Registered Investment Advisory firm.
We offer comprehensive financial planning that includes faith-driven investment management of your savings, long range planning for your retirement income and spending, gifting and giving strategies, tax planning, life insurance, estate planning, and college planning just to name a few.
Our clients also look to us for professional referrals (CPAs, attorneys) as well as a referral to a good plumber, electrician, tree expert, or residential contractor. We are routinely asked for help with practical matters such as how to research electricity companies or what kind of car to buy.
We enjoy helping our clients with any challenge or opportunity they may face and we look forward to serving you in these ways as well.
We are faith-driven. We believe your money belongs to God. This shapes the investment and long-range planning recommendations we make when we meet with you.
We avoid investing your money in companies that are producing products, offering services, or donating corporate profits that do not honor God. On the other side, we search for and include companies in portfolio recommendations that make the world rejoice! Doing both of these things is called Biblically Responsible Investing (BRI).
We are also generosity-driven. We have personally discovered that practicing generosity reduces fear and greed and has helped us become less emotional with money decisions. With this in mind, we will encourage you to be increasingly generous with what God has entrusted you, knowing this pleases God and helps you too, not just those with whom you have shown generosity.
We believe all your money belongs to God. This dynamically changes the advice we offer about the stewardship of your money. We screen our portfolios to exclude companies that provide products or services that our clients feel do not honor God. We also go further than just “weeding out the bad companies.” We research and recommend investment in companies that are doing wonderful things that make the world rejoice.
Generosity is a core motivation for us. We are generous with our time and knowledge when it comes to helping clients, and we always encourage our clients to be generous with what God has given them. Helping clients create giving strategies is one of the most fulfilling things we do.
We are also tax-aware…always looking for ways our clients can save on taxes today and especially in the future.
We are fee-based for the most part. We charge a reasonable annual fee based on managed investments (see below for a fee schedule). This is calculated and deducted quarterly from the investment portfolios we manage. When you do better, we do too.
On rare occasions, we recommend a product such as an annuity, long-term care or term life policy. When this occurs, we research all the options available and help the client purchase the appropriate product. If a commission is paid to us for doing this, we fully disclose the amount of the commission paid.
We do not recommend or offer variable annuities, variable life, whole life, or universal life insurance products.
We are a fee-based planning firm. Our annual portfolio management fees are as follows:
Under $100,000 - 1.5%
$100,001 - $500,000 - 1.4%
$500,001 - $750,000 - 1.3%
$750,001-$1,000,000 - 1.2%
$1,000,001 - $5,000,000 - 1.1%
$5,00,001 - $10,000,000 - 1.0%
Account balances between spouses are combined to calculate annual fees. Fees are deducted quarterly in advance on current balances from the cash positions in each account on a pro-rata basis.
Unlike other firms, we do not charge a planning fee for clients with combined household balances of $100,000 or more invested with us. We provide comprehensive planning and the use of our planning software, which has a client portal and a handy mobile application. Most clients will receive 20-40 hours of planning services from us in the first year.
Yes. We are happy to develop a long-term written financial plan for you. Then, we will meet with you regularly to update the plan. We charge an hourly rate of $175 for our services with a ten-hour minimum per year. Most plans require 10-20 hours of work to complete in the first year.
Randall Neighbour, RICP® APMA® and Jaylynn Jackson will serve as your primary advisors, who office near downtown Houston, Texas. Their business partners are Matthew Myrick, CFP® and Joseph Nelson, CFP®. Matthew and Joseph office in Minnesota and Florida. Our firm also has an excellent back office staff at The Fiduciary Alliance as well as Certified Financial Analysts (CFA®). Depending on your needs, you may meet with Randall, Jaylynn, or a combination of the partners.
Yes! We have clients in a number of states and we're regularly adding clients from new states. We think you'll find working with us to be as comfortable as having an advisor near you.
We will meet over zoom with you and will travel to visit with you in person every year for an annual meeting.
Regardless of where you live, we desire to serve you well and make you feel comfortable with our relationship.
Client households with less than $100,000 invested in our portfolios may be asked to pay a planning fee of $175 per hour if planning is requested. A comprehensive financial plan usually involves at least ten hours of our time the first year, and at least 2-4 hours a year in subsequent years.
In the first year, we will meet with you two to four times in person or over Zoom. Our goal is to absorb as much as we can about you to ensure you are well served. Then, we will meet with you as opportunities or challenges arise.
At a minimum, we will schedule an annual meeting with you to learn what may have changed in your world and review your accounts. Some of our clients only need (or want) to meet with us once a year, while others request a quarterly meeting. Whatever you need is what we will provide.
An investment advisor gives recommendations on how to best invest a client’s money within a supplied risk tolerance and time horizon for use. The advisor may not be concerned about your spending plans, goals for retirement and giving, or if you have enough life insurance coverage. His or her focus is typically investing your money and providing a solid return, expecting you to do your own long-range planning or work with a fee-only planner.
A financial planner takes a more encompassing and comprehensive approach to working with clients. Using as much information as can be gathered about a family, the planner makes recommendations for your investments, spending, giving, saving, insurance coverage, reducing taxation today and in retirement, and estate planning.
Kingdom Wealth Management cares about you, your family, your passions, and dreams … and your money. We are a comprehensive planning firm.
A broker works under the supervision of a broker/dealer (regulated by FINRA) and must maintain a suitability standard when it comes to recommendations. Brokers earn a commission on the sale of products, such as variable annuities or shares of mutual funds.
An investment advisor works under the supervision of a registered investment advisory firm (regulated by the SEC) and must maintain a fiduciary standard when it comes to recommendations. Advisors charge a reasonable percentage of invested assets to manage money and may charge a planning fee if this service is provided.
Operating under a fiduciary standard carries more responsibility than operating under a suitability standard. As mentioned above, Kingdom Wealth Management operates under the fiduciary standard.
Thousands of Americans invest their own money and do quite well. There are also thousands of Americans who do their own long-range financial planning and do a good job of it. DIY investing and long-range planning are certainly achievable if the person has developed a skill set, time, and discipline for investments and planning.
So here’s a big question for you… Are you willing to sacrifice a significant amount of time each month on an ongoing basis (throughout your life) for research and continuing education about investments, taxes, and financial planning?
To be a proficient self-investor and long-range financial planner, you must become—and remain—educated in several areas and be willing to adopt the changes that inevitably come along.
Most people who decide they don’t need an advisor start strong. Fewer finish strong due to the ongoing effort and time sacrifices. And many have regrets because they didn’t know to ask about and plan for really important things such as taxes in retirement, Medicare Part B premium calculations, when to take Social Security, which account to withdraw from first and last … just to name a few!
DIY investing and planning is certainly something you could learn. But it’s not like using an online program to do your personal taxes. There are many options, opportunities, and caveats that must be considered when planning your family’s future and your financial legacy.
Working with professionals like us helps you gain knowledge in all these areas to make more confident decisions.
We’d love to speak to you and answer your questions. Use this calendar link to find the best time for a phone call, a Zoom meeting, or an in-office meeting: https://calendly.com/randallneighbour