Your Valued Naperville Financial Planning Team

FAQ About Financial Planning in Chicago

• 

  What is a fiduciary financial advisor, and why does it matter to me?

  In the simplest terms, a fiduciary financial advisor is legally and ethically obligated to put your interests first, always. This means we are bound by a fiduciary duty to act in your best financial interest, even if it means sacrificing potential profits for ourselves. 

  Unlike some financial professionals who might prioritize selling you specific products or earning commissions, our advice and recommendations are always objective and tailored to your unique needs and goals. At Platinum Financial Associates, we’re proud to be a fiduciary firm. This commitment to ethical conduct gives you confidence knowing we're always on your side, working diligently to help you pursue your financial aspirations.

• 

  What types of clients do you work with in and around Naperville?

  We believe everyone deserves sound financial guidance, regardless of where they are in their financial journey. We work with individuals and families who are just starting to invest, planning for a major life event, like buying a home or funding their children's education, or looking to protect their assets for future generations. We also specialize in creating retirement income strategies for pre-retirees and retirees, helping them manage their retirement accounts and navigate the complexities of Social Security and Medicare. 

  Additionally, we offer tailored financial planning and investment management services to business owners and professionals, aiming to help them grow their businesses, plan for succession, and plan for their financial futures.

• 

  How do you develop a personalized financial plan?

  We take a highly personalized approach to financial planning, beginning with a conversation to understand your goals, concerns, and definition of financial security. We'll discuss your short-term and long-term financial objectives, your comfort level with investment risk, and your current financial situation, including your income, expenses, assets, and debts. Once we have a thorough understanding of your unique needs and goals, we'll leverage our industry knowledge to develop a customized financial roadmap designed to help you pursue your objectives.

  ‍

• 

  What are your fees for financial planning and investment management services?

  Our team believes in transparent and fair pricing. Our fees are based on the specific services you need and the complexity of your financial situation. To get started, we offer a complimentary initial consultation to discuss your needs, answer your questions, and provide a clear explanation of our fee structure.

  ‍

• 

  Do you offer any specialized services for small businesses in Chicago?

  We understand the unique financial challenges and opportunities that small businesses in Chicago face, which is why we offer a range of services tailored to their needs. We can help you set up and manage employee retirement plans, such as 401(k)s and profit-sharing plans, to attract and retain top talent. We can also help you get comprehensive and cost-effective group health and life insurance plans for your employees. 

  Additionally, we offer business succession planning services to help you create a plan for the future ownership and leadership of your business, as well as key person insurance to protect your business from the financial impact of losing a key employee.

• 

  How often will we meet to review my financial plan?

  We believe in proactive communication and regular reviews to help align your financial plan with your goals and evolving needs. Typically, we meet with clients at least annually, but we're always available for consultations as needed. During these reviews, we'll track your progress toward your goals, address any concerns you may have about your financial plan or the market, and assess your investment portfolio's performance, making adjustments to align it with your risk tolerance and financial goals.