Charting the course for your financial journey
When it comes to creating a financial plan that makes sense, we understand that young professionals and millennials have unique needs. Our vision is to help you prepare for each stage of life – both planned and unplanned – by providing financial education in plain English so you can chart a clear course early on in your financial journey.
You have questions — we have answers.
One of the most daunting aspects of early adulthood can be learning to manage your finances with a long-term mindset. At Monarch Advisory Group, we are committed to empowering our clients through education, and we strive to make complex financial issues easy to understand. We balance your short term needs against your long term dreams to help you address the common concerns that face today’s younger adults, such as:
Making headway toward your dreams
After providing you with personalized financial education that addresses your unique concerns, we will help you create a “dreamline” that includes short, mid, and long term goals. We offer our fee-based financial plans at a price point that is accessible to young professionals, because we want to help you pursue your ideal life
Once we have a clear plan, it’s time to move forward. Through LPL Financial, we offer access to a full complement of asset classes and investment alternatives from the nation’s largest independent broker-dealer*, so we can deliver the highest level of services to our clients.
* As reported in Financial Planning magazine 1996-2015, based on total revenues
The Monarch Way – Holistic, Strategic, and Transformational
At Monarch Advisory Group, our clients appreciate our strategic and holistic approach. In plain English, that means our recommendations are always tailored to you as an individual, considering your entire financial picture and your personal risk comfort level – we never take a one-size-fits-all approach.
The most satisfying aspect of the work we do for our clients is helping them transform their financial situation from worrisome to hopeful.
Modern tools for the highly connected investor
Our clients have access to leading-edge tools, including electronic statements and apps, so you can access your accounts from virtually anywhere – at home, on your smart phone, or tablet. But when you have a question, nothing surpasses personal attention, so we are also easily accessible by phone.
What is the best way to pay off student loans? According to the Wall Street Journal in 2015, the average college graduate had accumulated just over $35,000 in student debt ( source: click to read source article). We will explain the options for paying off your student debt, but we will also look at the big picture to help you evaluate common concerns related to paying off debt, such as – should I contribute to my 401(k) plan before my debt is paid off?
I need help understanding my employer benefits. . Employers offer a variety of benefits that can go a long way toward helping you build your financial future. We can help you understand your 401(k) or other retirement investment options, insurance offerings, and employee stock option plans (ESOPs). We will look at these benefits in the context of your unique financial picture to help you make choices that meet your needs.
How much should I be spending – and saving – every month to pursue my goals? We will help you see where your money is going and create a plan to move forward that considers your long term goals and an emergency fund for life’s unexpected bumps in the road.
How do I keep tabs on my financial situation? Modern tools like automatic deposit, auto bill pay and debit cards can make life easier – but they can also create a lack of awareness of how much money is coming in, and where it is going out. We will teach you how to get the most from the online tools available to you, without falling victim to the “out of sight, out of mind” trap.
Should I rent or buy a home – and how much can I afford? A very common question is whether it is better to buy a home or rent, and the answer is the same for everyone: it depends! There are a multitude of factors to consider, including how long you plan to live there, your family status and school districts, your ability to afford the cost of upkeep, and your overall financial picture, including income and credit rating.
I am starting a family, but how do I plan for my child’s future? The average 18-year cost of raising a child born in 2013 is estimated to be $245,000, according to CNN Money (source: click to read source article) This includes the cost of housing, food, transportation, clothing, and child care, but does not include the cost of college. We can help you create a savings plan that helps you prepare for your children’s future education, while meeting your family’s needs today.
How do I protect my family from unexpected bumps in the road? Life is full of surprises, but they don’t always have to derail your financial plans. We have the experience to help you create a contingency plan to prepare for the unexpected. We will evaluate your health, disability, and life insurance needs, and help you create an emergency fund to help get you through financial trials like unemployment or high medical expenses.