We are extremely excited that you are considering JMOD as your trusted advisor of choice. We always want our clients to have all the facts before making a decision, including how we are compensated for our services.
There are three main ways (or combination of ways) you can choose to work with us:
- Hourly or flat fee for financial planning or counseling.
- Fee-only (click here to obtain our fee schedule), which includes comprehensive financial planning and investment management. The vast majority of our client relationships will fall here.
- Fee-based, which will only apply when we receive a commission (almost exclusively with insurance products). This only occurs when a need for protection (as described below) is necessary, as well as when no-load product solutions are simply more expensive. This may seem counterintuitive, but when it comes to insurance, often times, the no-load product may not always be the least expensive. Our mission is to always give you the best products available, load or no-load. Simply put, we want you to choose what is best for you and your family.
We decided to provide a fee-based option because over the past two decades of economic turmoil and uncertainty, many of our clients expressed concern about the future, and often asked us to introduce products that would guarantee their income and/or their family’s legacy. The only products that provide these guarantees are insurance products.
So, we had to choose to either work fee-only and refer our clients to an insurance & annuity agent, or offer fee-based products when needed, allowing us to work directly with our client every step of the way.
Since LPL has no proprietary products and provides us the ability to obtain direct quotes from numerous insurance companies, and since we have extensive experience in this area of financial planning, we felt it was our fiduciary responsibility to make sure our clients were not only receiving the best strategies, but superior products as well.
As you can see throughout our website, our mission is to educate and provide complete transparency, so that you can make informed decisions. Remember, how you do business with us will be up to you, but you can rest assured that we will always place your interest first.
Give us a call at 877-631-5909.