Are you a fiduciary?
As a registered investment advisor (RIA), 7 Saturdays Financial is legally required to put client interests before our own, or the interests of our firm.
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 reach out 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?
Great news! 7 Saturdays Financial 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 do you hold my investments, and how can I see them?
For your safety and convenience, 7 Saturdays Financial uses Charles Schwab and Altruist as third-party custodians for our client investment and retirement accounts.
- Schwab administers more than $9.8 trillion in assets for more than 36 million accounts.
- Altruist is a growing, technology-focused custodian held to the same strict regulatory standards as other firms (Schwab, Fidelity, Vanguard, etc.)
As trusted custodians, Schwab and Altruist safely hold your investment accounts and provide reporting to you and the IRS each year. Your accounts can be viewed at any time on the custodian websites or through RightCapital, our advanced planning software.
During the planning process, we will discuss which custodian will be the best fit for your needs.
Why don’t you charge 1% of assets under management (AUM) like everyone else?
We believe that determining a financial advisor’s fee based on a percentage of assets is not logical. A better approach is to determine the cost (in dollars) based on the services provided and the complexity of the client’s situation – not portfolio size. 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.
Flat-fee is often a more economical option over the long term because the cost for advisory services does not grow along with the portfolio size. However, just like any professional service, it is reasonable to expect our fee to rise over time as inflation and the costs of doing business increase.
How are you able to offer a high level of service, often at a lower rate than other firms?
To put it simply – we have no skyscrapers, no layers of middle management, and no primetime TV ads to pay for.
We prefer to focus on the steak, not the sizzle.
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.