Are you a fiduciary?
As a registered investment advisor (RIA), my firm is legally required to put client interests before my own or my firm’s interests. When you’re considering potential advisors, “fiduciary” should be the bare minimum. You should also understand how the advisor is paid and consider their credentials and the ethical standards they are required to abide by.
What types of clients does 7 Saturdays Financial work with?
Just like you wouldn’t see a podiatrist for your heart issue, it’s important to find a financial advisor who specializes in helping people in your situation.
We do our best work with clients who are:
- Retired,
- Approaching retirement in a few years, or
- Entrepreneurs
If you’re not in one of these groups, no worries! Feel free to schedule an intro meeting so we can understand more about your aspirations and get you in contact with another great advisor from our professional network.
Do you have any client reviews I can read?
7 Saturdays Financial has 10+ five-star reviews, available at wt.reviews/allen-mueller
I don’t live in the Dallas area, can you still work with me?
7SF leverages technology (virtual meetings, screen sharing, secure file transfer) to serve clients nationwide! If you are comfortable with technology, geographic distance is not a problem.
Where will my investments be held?
If you choose to have 7 Saturdays Financial manage your assets, they will be held at Charles Schwab or Altruist. They are required to adhere to strict regulatory standards and both are great choices for custodians. I will recommend the best choice for you during the onboarding process.
Why don’t you charge 1% of assets under management (AUM) like everyone else?
Simply put – I don’t think charging a percentage of the investments is logical. I believe the flat-fee model is better at aligning the cost with the services provided. Clients with larger account balances shouldn’t have to pay more simply because they have more. The flat-fee model also reduces some of the conflicts of interest embedded in legacy pricing models.
Additionally, I’d never consider using an advisor that charges a percent of assets. Given that, it would be terribly hypocritical of me to build a business on that model!
Flat-fee can be a more economical option over the long term because the price does not grow along with the portfolio size. However, just like any professional service, it is reasonable to expect the cost to rise over time as inflation and the costs of doing business increase.
What does “7 Saturdays” mean?
“7 Saturdays a week” is my favorite analogy for financial independence, the summit of the financial planning mountain.
It’s also known as “work optional”, or the ability to maintain your desired lifestyle without the need for earned income. Every day becomes a Saturday because you can choose how you spend your time based on what you value, rather than on what you need to do to make money. Many clients of 7 Saturdays Financial plan to make work optional in their 40’s and 50’s.