Frequently Asked Questions
Most people think all financial planners are "certified," but this is not true. Anyone can call himself a "financial planner." Only those who have fulfilled the strenuous certification and renewal requirements of the CFP Board can display the CFP® certification marks, which represent a high level of competency, ethics and professionalism. The CFP Board's Standards of Professional Conduct require CFP® professionals to place your interests above their own, and they are required to maintain the highest industry standards for Experience, Education & Ethics. You can read more about these requirements by clicking here.
There is a distinct difference under the Investment Advisor’s Act of 1940. Registered Investment Advisors are held to a fiduciary standard of care. By law, they must ensure that each investment recommendation they make is based on your best interest. In the event a conflict of interest should arise, Registered Investment Advisor’s are required to let you know. Additionally, they are required to have a written code of ethics that governs their actions and fully discloses how they are compensated.
A Registered Representative’s primary function is to facilitate the purchase and sale of securities for their clients. Registered Reps are usually commission based and are not held to the same fiduciary standard as an Registered Investment Advisor. For more information on the benefits of working with a Registered Investment Advisor, please click here.
YES! In order to give you the benefit of a fully coordinated financial plan, it may become necessary for Clear Creek Financial to discuss your situation with your CPA, Attorney, or Insurance Agent. We are experienced in working with all types of financial professionals, and, with your permission will coordinate our advice and recommendations with your current professionals as part of our service.
NO! Clear Creek Financial Management offers unbiased, objective financial advice to our clients. We have specifically chosen not to affiliate with third parties who offer any type of referral fee or commission because of the appearance of a potential conflict of interest. We feel this decision is a natural extension of our commitment to put our client’s needs above our own.
Clear Creek Financial Managemene has chosen to affiliate with TD Ameritrade as the custodian for our client’s investment accounts. TD Ameritrade Institutional is a leading provider of comprehensive custodial services to more than 5,000 fee-based, independent Registered Investment Advisor’s and their clients. These Registered Investment Advisor’s entrust them with over $200 Billion in custody assets with 775,000 client accounts. Specifically, Clear Creek Finanacial chose TD Ameritrade because their advanced technology platform and dedicated service team allows us to run our firm more efficiently and effectively, optimizing the time we can spend with our clients.
TD Ameritrade is committed to delivering one of the highest levels of security in the industry – at no additional cost to the client. Accounts held at TD Ameritrade are insured by FDIC and SIPC. TD Ameritrade also provides coverage in addition to the established limits of SIPC with supplemental coverage through London Insurers. For more details on TD Ameritrade’s Asset Protection Guarantee, click here.
Because our primary service to clients is an on-going fiduciary relationship, Clear Creek Financial Management is typically compensated by a fee calculated as a percentage of assets under management. During your initial consultation, a more accurate estimate of financial planning and investment fees will be provided.
Our clients typically fall into one or more of these categories:
- They are successful professionals or business owners who lack the time, expertise or desire to manage their financial situation with the same dedication and energy they devote to their career;
- They have financial products, but no unbiased advisor who has the responsibility of coordinating an integrated financial plan that aligns all of the client’s objectives;
- They are seeking guidance because their situation has become more complex, often due to a crossroad in life: change in job, birth or adoption, impending retirement or inheritance.