Contact Troy Sapp, CFP®

Commencement Financial Planning LLC
611 North Fife Street
Tacoma, Washington 98406

Email: tas [at] commencefp [dot] com

Phone: 253.820.6432

Fax: 253.883.4042

  

 

Market Timing is a wicked idea. Don't try it --- ever. Contrary to their oft articulated goal of outperforming the market averages, investment managers are not beating the market: The market is beating them.


~ Charles Ellis,
The Loser's Game

Fiduciary Duty to Clients

Commencement Financial Planning LLC serves as a Fiduciary while more than 90% of other financial advisors are paid (in part or full) by commissions which provides an incentive to promote products and services to maximize their own income.

The Board of Directors, Representatives, and Financial Advisors comprising NAPFA have adopted the following definition of Fiduciary:

Fiduciary

A financial advisor held to a Fiduciary Standard occupies a position of special trust and confidence when working with a client. As a Fiduciary, the financial advisor is required to act with undivided loyalty to the client. This includes disclosure of how the financial advisor is to be compensated and any corresponding conflicts of interest.

NAPFA believes advisors must receive compensation only from their clients, must disclose any possible conflicts of interest, and must be loyal to the best interests of their clients.

Compensation

NAPFA members are compensated solely by their clients, and do not receive any outside inducements for recommending investment portfolio vehicles or other financial products.  This is the true definition of being a “Fee-Only Advisor.”

Loyalty

An advisor who is loyal to only his clients will not be swayed by outside forces to recommend investments with higher commissions or payouts. Unbiased advice for the management of your financial plan and investment assets (be they saved for retirement through the client’s hard work or received through inheritance) is crucial to optimizing the likelihood of your success.

Diligence

An advisor should be diligent in his efforts to identify risks and potential solutions for clients.  The advisor should communicate his observations, findings, and suggestions to clients in a timely and thorough manner to assist them in their decision making process. 

Disclosure

Clients must understand how their financial advisor is being compensated and whether or not any potential conflicts may impede an advisor’s ability to provide truly independent planning and wealth management advice. Disclosure must be made before a client works with an advisor or implements any of his advice.

To find out more about fiduciaries click here.

Signed NAPFA Fiduciary Oath

 

 

 
Contact Troy to schedule a no-cost, no-obligation initial consultation. If there's a good fit, we can talk about working together to take the worry out of your finances and help you achieve true financial well-being.  

Contact Troy Sapp, CFP®

Commencement Financial Planning LLC
611 North Fife Street
Tacoma, Washington 98406

Email: tas [at] commencefp [dot] com

Phone: 253.820.6432

Fax: 253.883.4042

  

 

Market Timing is a wicked idea. Don't try it --- ever. Contrary to their oft articulated goal of outperforming the market averages, investment managers are not beating the market: The market is beating them.


~ Charles Ellis,
The Loser's Game