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Advice from those who have used Aptus Financial

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  • Kennyt7
    replied
    Have not used Aptus yet but they seem to be quite ethical and honest and will provide you with a simpler portfolio than you would get from any AUM advisor. Their fee structure is flat fee and quite fair in my opinion

    Leave a comment:


  • Tangler
    replied
    I can honestly say, I used Tim and he is great!

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  • Tangler
    replied
    First, I used aptus and i like them. I ask them specific questions and i run my plan by them. Takes 1 hour per year.
    Like the WCI said , you do not necessarily have to do anything. I am similar to you (like a second opinion )
    What do i do (did I do)
    1. I read a lot of books, blogs, forums
    2. took the wci fire your advisor course
    3. use Aptus
    4. ask questions on forum
    5. Use a CPA for tax questions
    Nothing wrong with being absolutely convinced you got it how you want it. Overkill, sure, so what.
    I am happy. I will win. I have a good plan

    One good point: your situation might be too simple at this point to need Aptus, at 2 years out you probably don't have as many things to consider (as mentioned above).

    How did I use Aptus and how much did I pay:

    I paid 800 for first meeting then 250/hour for a one hour review for  a grand total of $1050. I had one meeting to go over my overall situation and another meeting to discuss my AA as well as which mortgage was the best option and how best to avoid violating pro-rata to do a Roth IRA (I had a SEP, a traditional IRA and a roll over IRA and needed to open a solo 401k and roll other IRAs into my 403b.) I was fairly confident with all this but wanted to ask a second opinion and get more confirmation (to go along with info from my research and info from my CPA). I used Tim with Aptus and I highly recommend him.

     

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  • Tim Quillin Aptus Financial
    replied







    this was easier for us given that they are local and we were actually able to sit down in person with them.
    Click to expand…


    Though easier (and more comfortable) for you from a geographic standpoint, I would guess Aptus and most financial firms for that manner are able to use a video chat to meet.  A review with Aptus at Lost Forty or Flying Saucer would have been more my speed though.
    Click to expand...


    As an Aptus planner, I hesitate to comment on this thread but wow ajm184, I like your thinking, ha! I'm very open to the idea of meeting at Lost Forty, Flying Saucer or the new Stone's Throw Stifft Station Taproom. To be honest, though, I'd prefer to get the serious work done at our office before starting happy hour. And as you suggest, most of our clients meet via videoconferencing.

    We truly appreciate consideration from White Coat readers, who tend to be natural DIYers and therefore great candidates for our service. It doesn't hurt our feelings, though, if you self-educate and can do it completely on your own.

    Cheers

    Leave a comment:


  • ajm184
    replied


    this was easier for us given that they are local and we were actually able to sit down in person with them.
    Click to expand...


    Though easier (and more comfortable) for you from a geographic standpoint, I would guess Aptus and most financial firms for that manner are able to use a video chat to meet.  A review with Aptus at Lost Forty or Flying Saucer would have been more my speed though.

    Leave a comment:


  • mkintx
    replied
    I fired my financial "advisor" several years ago and had been managing all of my family's finances and investing for years.  I hired Aptus to make sure I was on the right track, saving enough, and allocating appropriately.  The plans were a little different then, but I emailed them first and asked what the fee would be for what I needed, and they responded very helpfully.  Mostly I received reassurance that I was managing things well, but she also tweaked some of my allocations, suggested a slightly different savings strategy (less to college funds, more to taxable account), and pointed out a few things I hadn't considered.  She also thought I was overpaying on some of my insurance policies, and when I looked into them I was able to save a lot in that arena.  It was a nice birds' eye picture of my finances and future plans with an eye to my personal blindspots.  I get a lot of information from this website, but if you don't know what question you are forgetting to ask, you won't get an answer you need.

    That said, you are early on.  Try the strategies others have listed if you want, and see how it goes.  The basics honestly aren't that hard.

    Leave a comment:


  • NaOH
    replied
    I feel like I was/am in a similar situation as OP, somewhat knowledgeable but wanting someone to confirm that we were on the right track. We used Aptus for a simple financial checkup at their hourly rate ($200/hr as of last October). Of course, this was easier for us given that they are local and we were actually able to sit down in person with them. To be honest, while I don't regret spending the money, we also didn't really cover a ton of new ground - we basically did get "yep, you're doing exactly what you need to be doing, keep it up." If that kind of reassurance is what you are looking for, it's probably worth $250 as a one-shot deal. I agree with others here though, in terms of a real financial review, it's probably not as necessary at this point, if you've found your way here.

    Leave a comment:


  • Lordosis
    replied
    You sound like a good candidate for option number 1.  Read the boglehead book and Millionaire next door if you think you have spending issues.  All this stuff starts to repeat itself after a while.  If you can come up with a plan to tackle loans and develop an AA you should be set.  Hangups and questions can be addressed here.  Good luck!

    Leave a comment:


  • BE87
    replied
    No I haven’t used them yet. I still plan on it but just haven’t pulled the trigger. I am finishing up WCI’s new book “financial boot camp” at the moment.

    Leave a comment:


  • Tim
    replied
    “One of my weaknesses is that I tend to formulate a plan and keep it in my head but I never actually write it down. For instance, I know what my financial goals are but I do not have a written financial plan.”
    “Keeping it in your head” doesn’t sound like a good solution for you. A detailed “budget” down to your cell phone bill doesn’t sound right either. Is this really a “writers block” rather than a poor plan?
    Start just one spreadsheet.
    Gross income, taxes, savings/investments, spending(the rest). That’s a start. Write it down. Each of those can be improved with greater efficiency or changes. A planner simply takes information from you and writes it down. Each of the four buckets can be simply or complex.
    PhysicianOnFire has some spreadsheets that may give you a start. As a “big picture guy”, just take last year’s and see where you are. A planner helps point out “missed opportunities” like pretax savings you have missed, but doesn’t create them. The data comes from you. There is only so much detail that can be improved.

    By the way, don’t overlook the Custodian of you retirement plans. Fidelity actually has “Director of Retirement Planning” CFP that has access to the plans where you work (if they are a vendor option).
    Got an email yesterday. Three of the options, details of limitations, links for setting up accounts, Backdoor Roth instructions, and recommendations for using post tax rather than pretax on one of the plans. These people are paid to answer questions and assist in retirement planning. In person appointments, phone, or a review.
    Nice part, looking for low fee broad market index?
    Here are two available in your plan. Nice. Beats looking through a list of 30 or so. Check with your plan custodian. You may get your review for free.
    My point, create a My Plan Spreadsheet to update notes as needed. You will forget the details.

    Leave a comment:


  • fatlittlepig
    replied
    for the typical physician 2 years out of residency, i would say 4500 is entirely inappropriate and unnecessary. there just aren't enough variables or assets to necessitate an advisor

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  • SerrateAndDominate
    replied




    How much do they charge. Hard to give you advice without knowing how much.
    Click to expand...


    Depends which plan you use

     

    https://www.aptusfinancial.com/individual-planning/#pricing

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  • fatlittlepig
    replied
    How much do they charge. Hard to give you advice without knowing how much.

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  • PainShrink
    replied
    BE87, Did you consult with Aptus for a financial review?  I am interested in your experience and whether you found it to be helpful.

    Leave a comment:


  • treesrock
    replied
    Sounds like for someone like you a fairly priced financial review would be reasonable.

    Leave a comment:

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