Conway Wealth

Maximize your financial potential with a roadmap designed just for you. With our graphically organized document, your financial planning evolves seamlessly, keeping conversations on track and goals within reach. Learn more about the Conway Wealth difference and schedule your complimentary consultation now: https://lnkd.in/gF7Zb-5A #ConwayWealth

What Is A Fee Structure? Different firms charge clients in different ways. This is why it is so important that the firm is transparent and upfront about how they earn their money. It's also important to understand the significance of the "fiduciary standard of care." Advisors operating under this standard are obligated legally and ethically to prioritize your best interests. Otherwise, the advisor may be incentivized to favor certain investment products even if they don’t align with your values or financial goals. Depending on the services provided, an advisor may charge clients with: ● A one-time financial planning fee ● An hourly advisor rate ● A percentage fee on assets under management (AUM) ● Commission on the sale of certain products ● A combination of any of the above No matter the fee structure, there are two things you’ll want to get some clarification on when meeting with a potential advisor: What’s included? Fee structures are confusing in the financial services industry, since they lack uniformity and clarity. One advisor may include financial planning within their AUM fee, while another may charge a separate fee on top of the AUM fee. Be sure to ask the advisor what, exactly, is included in the cost (and what isn’t). Are you a fiduciary? If an advisor is held to the fiduciary standard of care, that means they must act in your best interest. On the other hand, advisors who are not fiduciaries may prioritize making higher commissions on certain products, for example, even if they don’t align with your goals or best interests. It’s always good to understand what ethical standard an advisor is held to and what underlying motivators may be present in the relationship. #FeeStructure #Advisors #FinancialFreedom

We all worry about money, but how can we take a step towards a less stressful and more financially secure future? In our Consumer Awareness Guide, we address the top questions and misconceptions people have about working with a financial advisor. The best part? Downloading the guide gets you one step closer to the financial peace you're searching for. Download it here: https://lnkd.in/gCagV7gt

Conway Wealth is dedicated to helping clients ensure their financial plans align with the aspects of life that matter most to them—a philosophy we call Aligning Life & Wealth®. We asked our CEO and president, Michael W. Conway, CFP® ChFC®, what his motivation was behind becoming a financial advisor, here's what he said: My father was a dentist who was devoted to his work and patients, as well as providing for his family. In order to keep operating costs minimal, however, he opted not to expand his practice and grow his team. He had a fear of the unknown that held him back from getting the operational help he really needed while holding on to a commitment to us (his family) to shelter us from the realities of his financial insecurities. Yet, there were times I saw this reality creep into our lives and disrupt that childhood sense of comfort my siblings and I felt. I remember watching him wait for checks from patients to arrive in the mail so he could cover our family’s bills. I even remember coming home a few days early from a camping trip because we didn’t have the money to cover the rest of the trip. I never actually planned to work in financial planning as a direct result of these childhood memories, but I was naturally drawn to the idea of helping others alleviate their own fears of financial insecurity.

Retirement is more than just financial planning—it's about finding purpose. Our CEO, Michael W. Conway, emphasizes the importance of aligning your investments with your life's mission for a fulfilling retirement. Arthur C. Brooks' book, "From Strength to Strength," delves into this concept, offering valuable guidance on making the most of your second act. See more retirement planning book recommendations here: https://lnkd.in/gMfunQ7D #RetirementPlanning #FinancialAdvice #LifeAndWealth #BookRecommendations

How Can You Help Me Achieve My Financial Goals? If you thought financial advisors were solely focused on managing the money in your portfolio, you certainly wouldn’t be alone. This is a common misconception, as many top financial advisors provide services that reach far beyond investment management. From retirement planning to risk management, education funding, tax planning, and more, experienced advisors can address every facet of your financial life. When talking with potential advisors, ask them how they help support your financial life—beyond putting your money into a portfolio. An advisor should take the time to really understand your financial needs, concerns, values or priorities, and long-term goals for the future. From there, they can help define what “financial security” means for you and develop a comprehensive plan to achieve it. Money and investment management are core components of a financial advisor's work, but they should be treated as tools to help you achieve your dreams—not the sole focus of your advisor-client relationship. #Advisor #FinancialPlanning #LifePlanning

Discover the power that comes with understanding your purpose. We were curious to learn what drew Associate Wealth Advisor, Ryan Flurie, to Conway Wealth.

Looking for a financial advisor who truly understands your needs can be a daunting task, especially if you're used to handling your finances solo. However, partnering with the right advisor can significantly improve your financial well-being and help secure your future. Before diving into a professional relationship, it's crucial to conduct thorough research and know what qualities to seek in a financial advisor. To assist you in this process, we've compiled a list of five essential questions to ask during your initial meeting with a financial advisor. These questions will help you gauge their expertise, communication style, and overall compatibility with your financial goals. Take a look: https://lnkd.in/gfE5k3sB

Happy Independence Day! Today, we celebrate the spirit of freedom, unity, and the incredible journey of our nation. Wishing everyone a joyful and safe 4th of July! #IndependenceDay #4thOfJuly

Delve into an enlightening dialogue with Michael W. Conway, CFP® ChFC® where he explains the core principles shaping Conway Wealth. From the captivating narrative behind the inception of his practice to his unwavering commitment to understanding his clients on a profound level, Michael shares his journey and insights in our latest blog: https://lnkd.in/gAiWHzxZ