Frequently Asked Questions
We specialize in helping families who are at or near retirement with figuring out how to replace their income in the most tax-efficient way possible. We recognize we can't be all things to all people and don't pretend to be. As an independent registered investment advisor, we provide objective, expert advice that is specifically tailored to your needs, not the company we work for.
Anyone can call themselves a “financial planner” or a “financial advisor.” But only professionals who fulfilled the certification, education, training and renewal requirements of the CFP® Board can display the CFP® certification marks. That’s why it’s important to look for the CFP® designation when considering who to hire as your financial planning. As a CFP® Professional, we are required by the CFP® Board to put your interest ahead of our own.
Here’s what’s required to hold a CFP®:
- Education – Complete a comprehensive course of study, which covers the financial planning curriculum approved by the CFP Board.
- Examination – CFP® professionals must pass CFP Board’s comprehensive examination, which tests an individual’s ability to integrate and apply their financial planning knowledge.
- Experience – Three years of financial planning-related experience before one can use the CFP® marks.
- Ethics – Agree to be bound by CFP Board’s Code of Ethics and Standards of Conduct, a set of documents outlining the ethical and practice standards for CFP® professionals.
A fiduciary has the highest ethical obligation to put your interests ahead of their compensation and any other considerations. Believe it or not, most financial professionals are not held to this standard and only required that their recommendations are “suitable,” a loosely-held definition. This can sometimes result in conflicts of interest, and people being sold products to generate a higher commission. We look forward to the day that all financial advice is provided under the fiduciary standard.
We are a fee-only (commission-free) financial planning firm. This means the only compensation we receive comes directly from the advice we provide you. We believe this is the fairest method to provide financial advice as it ensures our interests are always aligned with yours. Since we’re not tied to any proprietary products, we can act as true advocates to identify the most cost-effective and appropriate solutions to meet your goals. Before committing to an engagement, our clients know exactly what they’ll pay for the advice they receive.
We serve families who are at or nearing retirement and need help putting the pieces together in a tax-efficient way. Our clients share the belief that financial planning is an ongoing and iterative process, not a one-time event. The families we partner with view us as a thinking partner to help them make the right decisions with their money as their lives and needs evolve over time.
Eudaimonia (pronounced you-day-mo-nia) is a term from ancient Greek philosophy used to describe an ultimate state that could be achieved by living a life of meaning, purpose, and fulfillment. It was considered to be a state of “peak performance in the art of living” and represents to the core what we believe real financial planning is all about.
Eudaimonia Wealth does not take custody of client assets. We partner with a third-party custodian (TD Ameritrade) to ensure your money is always held safely, securely, and separately from our firm.
While we don't have a minimum investment requirement, our minimum fee is $7,500 per year. As a fee-only and commission-free firm, transparency is critically important to us. Prior to any engagement, you'll know exactly what you would pay in fees and what you can expect to receive from us in order to make an informed and educated decision about working with our firm.
Eudaimonia Wealth is a fee-only financial planning firm headquartered in Buffalo, NY. Our office is in the city of Buffalo on Delaware Avenue, within the former Chapin Mansion. For a detailed map, please visit our contact page.
We offer a complimentary meeting to get acquainted, learn more about your family, your goals and aspirations and determine if we may be a fit to provide value in your life. To learn more or to schedule a call, check out our process.