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Financial Coaching

Financial Coaching

Do you work hard but wonder where your money goes each month?  Or maybe you are saving for a large purchase but wonder where to start.   Working with a financial coach can help you create a plan, so that you can help you stop wondering and start living the life of your dreams. Maybe you dream of buying a house, sending your kids to college, or retiring early, these are all areas where a coach could help. 

At Scharf Group our financial coaches empower you to take ownership of your financial decisions, support your continual learning and growth, and keep you accountable throughout the process.  All of our coaches are licensed financial advisors, so you get the added knowledge and insight that comes from working with a licensed financial professional.

Our financial coaches will get to know you and your unique financial situation. We will discuss your money goals and personal values, then work with you to craft an individual spending plan that fits your unique lifestyle. Think of this plan as a roadmap to get you where you want to go. Your coach will then walk alongside you as you follow the plan, providing you with encouragement and accountability along the way.  Much like how working with a personal trainer can help you achieve a level of health and fitness you couldn’t on your own, working with a financial coach can help you achieve a higher level of financial fitness and freedom. All of our financial coaching clients receive access to FETCH, our online portal which provides a detailed view of your financial picture, updated daily. FETCH helps you and us get a better understanding of your financial present with tools to help improve your financial future. 

Some of the areas where we can help:

  • Budgeting
  • Building up savings
  • Buying a home
  • Buying a car
  • Debt payoff
  • Consolidating finances with a new spouse
  • Goal setting
  • Paying for College
  • Preparing for Retirement
  • Preparing for a new baby/grandchild
  • Rebuilding after divorce
  • Saving for a vacation
  • Saving for a wedding

What is The Difference Between a Financial Coach and a Financial Advisor?

In general, financial advisors work to manage and build on wealth that already exists while financial coaches teach their clients the skills and knowledge, they need to create that initial wealth. A financial coach works with those who have few assets and need help managing their personal finances. They provide education on topics like budgeting, saving, paying off debt and general money management. Their main job is to empower their clients to reach their financial goals and learn how to handle their finances responsibly. A financial advisor works with those who need help managing and investing their already accumulated assets. A financial advisor helps clients develop an investment portfolio to build wealth to meet future goals, such a retirement. A financial advisor’s fee is typically based on a percentage of assets under management, while a financial coach charges a flat rate per session or per package of sessions. Typically, financial advisors have an asset threshold for clients, whereas anyone with any amount of money can work with a financial coach. 

Get Started With Financial Coaching
<span style="font-weight: 400;" data-mce-style="font-weight: 400;">FINANCIAL PLANNING</span>

FINANCIAL PLANNING

Our Financial Planners help our clients define their goals and then develop calculated plans to achieve them. Everything in a client’s financial life is reviewed to determine what recommendations are best for their life circumstances. Our financial planners develop valuable relationships with our clients to provide them with confidence today and a more secure tomorrow.

The comprehensive plan begins with a review of assets and liabilities. This includes bank accounts, investments, real estate, business interest, valuables, and loans/debts. Our planners compare assets/liabilities to the financial needs of the client. Tax strategies, a retirement analysis, investment review, insurance coverage analysis, and an estate review are included in the plan. Tactics for education savings, business ownership, and charitable giving may also be included if relevant. These areas are all important variables for effective long-term financial planning. Once the comprehensive analysis is completed, our clients are well prepared with a step-by-step plan to achieve their goals. After a plan is presented, we answer any questions, and help implement recommendations, if desired.

Our financial planning clients are typically high net worth, high income earners who are looking for a comprehensive road map from qualified, experienced professionals.  We believe however, in offering the same benefits to all our clients, not just our high-net-worth clients.  Results show the middle class is the most vulnerable to economic and legislative changes, Because of this, the risk of running out of money because of poor planning is much higher, especially when it comes to retirement.

High net worth investors have had the benefit of coordinated financial planning for years; however, it is the middle class and middle-class millionaires who need comprehensive, holistic planning as well. Unfortunately, however, they have not historically benefited from this same opportunity and level of service at a cost that makes sense.

Our financial advisors (who all have Certified Financial Fiduciary® designations), will help you create a thorough plan to help ensure your assets and your other financial professionals work collectively towards your goals, while also reducing risk.  

Get Started With Financial Planning
<span style="font-weight: 400;" data-mce-style="font-weight: 400;">INVESTMENT MANAGEMENT</span>

INVESTMENT MANAGEMENT

You’re working hard, but is your money working hard for you?  No matter what age and stage, we believe that you deserve sound financial advice and direction.  Today’s economic and investment climate offers unprecedented opportunities. To take advantage of them, you’ll want the flexibility and expertise of a team approach. The Scharf Group team is ready to serve you. 

We’re here to help you develop realistic goals and timeframes, create, and apply investment strategies for executing a sound financial approach that best fit your risk tolerance, while at the same time guiding you toward your financial goals. 

Our investment management services are designed to match each client’s risk/return requirements. Every client is unique and so are there investment portfolio Our team designs portfolios that utilize many asset classes, investing styles, and portfolio managers to best help our clients maximize returns while minimizing risk. 

Every day our financial advisors meet to evaluate current positions, the economy, trends and other critical factors that may affect our client’s performance.  We then adjust portfolios, as needed.

We monitor and manage each account to achieve our client’s long-term investment objectives. And, because life is ever-changing, we meet with our clients regularly to reevaluate and restructure their portfolios, as needed.

The benefits of our fee-only investment management:

  • No pressure to buy and sell investments
  • Personal, ongoing relationship with your financial advisors
  • Full transparency with no hidden fees
  • You and your financial advisors have the same goal: the achievement of your financial objectives
Get Started With Investment Management