Frequently Asked Quesitons

Retirement Nest Egg Questions

  1. Who is the typical Wahlberg Financial Services client?
  2. How is Wahlberg Financial Services compensated?
  3. If someone uses Wahlberg Financial Services for financial planning and advice, must they also implement the plan here?
  4. If Wahlberg Financial Services is unaffiliated with a specific bank, who actually holds the investments for portfolio management clients of Wahlberg Financial Services?
  5. I see you offer tax planning services; does this mean you prepare taxes?
  6. I don’t see my question here.

Who is the typical Wahlberg Financial Services client?

Our clients vary in age, profession, and net worth. Their commonality is that they are committed to improving their financial standing through long-term, comprehensive financial planning.

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How is Wahlberg Financial Services compensated?

We charge a flat, upfront, annual fee for our planning services; the amount of the fee varies with the specifics of the client’s situation. For our portfolio management services, we charge an asset-based fee. Katherine Rubin is compensated for insurance coverage she assists you in obtaining by whichever insurance company you choose to do business with.   For more details on our planning services, please see our Planning Service Tiers (make this a hyper link to the chart).

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If someone uses Wahlberg Financial Services for financial planning and advice, must they also implement the plan here?

No, implementation with Wahlberg Financial Services (WFS) is not a requirement of using our planning services. Existing relationships with a broker or professional constraints can make implementation elsewhere a better choice for you; however, many clients have found it easier to implement their plan with WFS rather than act as a middle-man between us and other professionals.

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If Wahlberg Financial Services is unaffiliated with a specific bank, who actually holds the investments for portfolio management clients of Wahlberg Financial Services?

WFS works with First Clearing, LLC, an affiliate of Wells Fargo & Company, for trade clearing and settlement and as account custodian. First Clearing is a member of Securities Investor Protection Corporation (SIPC) and has additional protection for clients through London Underwriters. Clients will receive statements from and will have online access to their accounts through First Clearing. Please visit their site at www.firstclearing.com for more information.

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I see you offer tax planning services; does this mean you prepare taxes?

No, WFS does not prepare taxes. Tax planning involves helping you understand what the tax-based implications of your decisions will be, allowing you to make choices to manage your taxes proactively. This ranges from things as simple as planning retirement account contributions over the course of the year, to more complex strategies to help you manage the taxability of your income in retirement. Please seek the advice of a qualified tax accountant for specific tax questions and before implementing a financial plan.

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I don’t see my question here.

If the information here does not answer your questions, we encourage you to contact us. We are happy to answer other questions about our practice and the services we offer.

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