Derive Wealth

Why Choose Derive Wealth?

We Take Extradinary Measures To Make You Feel Comfortable

I like to say when it comes to your money, there is no dress rehearsal.  The financial decisions you make can have a lasting impact on your wealth.

Finding a trustworthy financial advisor to help make smarter decisions is no easy task.  The reason is simple:

Anyone can use the term financial advisor.

Shocking, right? I've seen insurance agents, CPA's, bank tellers, investment brokers, and even real estate agents use the designation. 

To truly determine if your financial advisor has your best interest at heart, look for the following characteristics.


Fiduciary Star

FIDUCIARY

My Oath To Provide Recommendations In Your Best Interest


Creating Trust By Design
You can work with a financial advisor who says they will provide advice that benefits you.  Or you can work with an advisor who is legally required to do so.

Financial advisors organized as a Registered Investment Adviser (RIA) have the legal obligation to be a fiduciary.  That means they must put your financial interest ahead of their own.

Why It Matters
Simply put, it comes down to responsibility.  When you expose your personal finances and share your most vulnerable thoughts, you deserve to work with someone who won't take advantage of you.  You deserve to not have to worry about getting hustled.

A fiduciary gives you peace of mind by being responsible for the advice they give.

 
“As an RIA, I’m legally responsible for the advice I give.”
 

Peace of Mind
When you work with a fiduciary financial advisor, you can expect the following benefits:

  1. The advice you receive will be based on a thorough analysis of your situation
  2. Multiple meetings and conversations will take place to get a full understanding of your finances 
  3. The recommendations you receive will be outlined in a comprehensive financial plan

Fee Only Shield

FEE ONLY ADVICE

Feel Comfortable Knowing I Don't Sell Products or Receive Commissions


Conflict Free Advice
Taking the fiduciary oath as an advisor is a great first step.  However it does not mean your advice will be conflict free.

How you get paid as a financial advisor is just as important.  A fee only financial advisor elevates their standard of advice by not receiving any compensation (commissions) from selling products.

 
“Working with a fee only financial advisor removes conflicts of interest by not selling products.”
 

It is easy to say a certain product, such as a life insurance policy, is in your best interest. But since there are commissions that go along with selling the policy, how do you know your financial advisor is not advising you to buy a more expensive life insurance policy that provides a higher commission?

You don't.  Hence lies the conflict of interest.

No Buyer's Remorse
Working with a fee only financial advisor removes, as much as possible, any conflicts of interest. 

Since fee only financial advisors get paid based on a flat fee or percentage fee basis, they can be objective with the products you need and recommendations they provide.

When you work with a fiduciary, fee only financial advisor, you have elevated your standard of care:

  1. The advice you receive will not be based on purchasing any products
  2. You will know the fees you are charged and how they are paid
  3. If you do need products, your advisor will be objective in recommending the right one

CFP Badge

CERTIFIED FINANCIAL PLANNER

A Dedication Towards Continous Learning & Improvement

Standard of Excellence
The Certified Financial Planner designation demonstrates your financial advisor has completed the extensive education and experience requirements to meet the complexities of your financial situation.

To obtain the CFP designation, you must complete the education, experience, and ethical requirements along with a comprehensive exam.

You can learn more about why the CFP designation matters.

Systematic Approach
When you engage with Derive Wealth, your experience follows the Certified Financial Planner Financial Planning Process to build and develop your financial plan. 

 
“I like to say your financial plan moves at the speed of comfort.”
 

Systematic Approach
When you engage with Derive Wealth, your experience follows the Certified Financial Planner Financial Planning Process to build and develop your financial plan. 

  1. Establish A Relationship
  2. Gather Data & Develop Your Goals
  3. Analyze & Evaluate Your Financial Status
  4. Review Recommendations
  5. Establish Your Course of Action
  6. Monitor & Benchmark Your Progress

Each financial plan we design follows these guidelines to ensure a thorough analysis and custom recommendations.

 
 

Derive Wealth is an independent, 100% fee-only financial planning firm located in Pasadena, CA.  We specialize in creating personal financial plans designed to organize your life, get you to your goals, and take the worry out of your money.