Garrett Prom (CFP®, CRPC®, EA)

Garrett Prom focuses in the
following client markets or areas of practice:

  • College/Education Planning
  • Hourly
  • Investment Advice with Ongoing Management
  • Investment Advice without Ongoing Management
  • Retirement Plan Investment Advice
  • Tax Planning

Planning Specialties

Though all my Generation X and Y (Millennials) clients share similar goals of growing their net worth, how they prefer to work with me varies.  Which best describes you?

Do It Yourselfer (DIYer)

You acknowledge you need:

  •  Expert validation you are doing the right things for your financial future
  •  Professional assurance you aren’t overlooking opportunities
  •  Detailed instructions if there are changes that should be made

You do not want:

  • To be sold investments or insurance policies
  • To turn over control of your money: you feel more comfortable managing it yourself
  • An ongoing commitment

Services for DIYers

Hourly Services

DIYers may feel like you have just about all the areas in your financial life on cruise control and only need assistance with one or two pressing questions or areas.

For instance, you may want to ensure that all of your aggressive savings is putting you on track to be able to retire at some point, and you want a professional opinion on how to manage your investments across all your accounts as opposed to your current piecemeal investment strategy. Perhaps you are contemplating buying an investment property and would like an unbiased opinion on its potential value as an investment. Maybe you are buying your first home and need some help evaluating your mortgage options. 

As you’ve probably assumed, this type of engagement is based on the estimated amount of time the engagement/project is expected to take. I will not be running a clock because I never want you to feel rushed and worry that every question you ask will add to a bill. Instead, I estimate the amount of time that any given engagement will take and provide an upfront cost.

 

Additional Information

Delegator

You acknowledge you need:

  • Ongoing support and availability of a CERTIFIED FINANCIAL PLANNER(TM)
  • Expert guidance in most (if not all) areas of your financial life
  •   Assistance or delegation of managing your investment accounts

You do not want:

  •  To be sold investments or insurance policies
  •  To worry about making any large financial decisions without expert advice
  •  Someone whose compensation is tied to how much money they manage

Services for Delegators

Ongoing Financial Planning

There is good reason for the Heraclitus quote, “The only thing constant is change.”  Your life has probably changed quite a bit in the last several years.  And there probably isn’t any reason to think that it won’t continue to change over the next several decades.  The reason this service is the most popular is because you are most likely seeking someone who understands you and your family on a personal basis as well as your immediate and long-term goals.  In addition you want someone who can continue to guide your financial decisions throughout your changing lives.  

This service can best be broken into two parts:

Initial financial plan outlining steps to take to achieve your current and future financial goals.  This includes:

  • Retirement Planning
  • Investment Strategy
  • Budget Analysis
  • Debt Reduction
  • Education Planning
  • Life Insurance Analysis
  • Employee Benefit Analysis

Ongoing Support (Including Money Management) to revise our initial plan based on the continuing changes in your lives

NAPFA Start Date

November 16, 2015

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This Office

111 Sandpiper Cv Austin, TX 78737-4742 Phone: (512) 660-7766