Fee-only financial advice in Houston, TX

Areas of Expertise

Financial Planning

At Oaks Wealth Management, the results of your financial plan are our guide to providing you with specific advice and asset management strategies tailored to your unique goals and risks. WIth Money Guide Pro's easy-to-use online client portal, the data-gathering process is fast and convenient.

 

Items typically addressed in a MGP plan:

  • Net Worth

  • Risk Management (Insurance)  

  • Estate Planning Review

  • Asset Allocation Analysis

  • Social Security Optimization 

  • Plan Summary and Action Items

Choose a Financial Planning Option:

1. Financial Planning Only

  • MGP Financial Plan

  • Risk Tolerance Assessment (DataPoints.com)

  • Asset Allocation Analysis and specific recommendations for all accounts

  • Use of budgeting tools (during the planning process and up to three months after the final plan deliverable is achieved)

  • Written recommendations for all client-identified long-term goals

  • Implementation of strategies and recommendations, as well as ongoing monitoring of assets and strategies will be completed by the client

2. Financial Planning and Ongoing Advice 

Some clients engage with our team to help implement and monitor strategies developed during the planning process. This plan option is best suited for clients with smaller, less complex, investment assets (under $150,000.00). Ongoing guidance often focuses on budgeting and building the financial skills necessary to achieve desired long-term goals. Assets can be managed directly with OWM at Schwab Investments or a preferred investment custodian. This option includes:

  • MGP Financial Plan

  • Risk Tolerance Assessment (DataPoints.com)

  • Asset Allocation Analysis, Implementation and Monitoring.

  • Budget coaching and tools

  • Financial education related to building a broad set of financial skills specific to your long-term goals

  • Increase financial wellness through Financial Therapy assessments and tools

Asset Management

Oaks Wealth Management employs two strategies for managing assets held at Schwab Investments. Clients with assets over $150,000.00 receive financial planning included in the annual asset management (AUM) fee. Currently, OWM has a flat AUM fee of 1%; however, exceptions can be made on a case-by-case basis. Our portfolios are built and managed using concepts from Modern Portfolio Theory, which is a focus on client or household-specific asset allocation, diversification, risk tolerance, time frame, and regular rebalancing.

    

  • Custom Portfolio—typically reserved for larger dollar accounts. This portfolio allows for greater diversification across asset classes and investment types. Often used for clients with legacy assets, a desire for single stock exposure or accounts with an income focus. Regardless of account size, clients needing monthly or quarterly income as part of their income withdrawal strategy will utilize the custom portfolio option.

  • Allocation Portfolio—typically for smaller, less complex accounts with a more growth-oriented focus. Lower operational cost and fewer assets and transactions leads to a leaner, more efficient portfolio strategy. OWM allocation portfolios are for clients looking for long-term growth relative to their desired risk and unique time frame. Their allocation strategies are not trying to “beat the market” but rather be “in the market” aiming for the appropriate relative risk return.

Hourly Advice and Financial Therapy

Clients looking for specific financial advice that does not include comprehensive financial planning or asset allocation analysis can choose to work on a per project basis at an hourly rate of $250.00. Prior to beginning, a scope of work and an estimate of hours to completion and delivery will be agreed upon in writing. This can include:

 

  • Social Security planning

  • Budgeting/coaching

  • Student loan debt repayment plans

  • College education options/planning

  • Personal/family employer benefits analysis

  • Personal/family life insurance review

  • Small Business benefit/health/life insurance review

  • Small Business 401k/retirement review

 
 
 

Financial Therapy Approach

Advice and Asset Management Guided by Financial Therapy 

You may be asking yourself, “What IS financial therapy?” Well, it’s the intersection of psychology and finance. It offers individuals the opportunity to uncover the motivation behind their financial behaviors. Financial therapy is about helping you understand your thoughts, emotions, and behaviors regarding money. We discuss your money story—what you learned about money from childhood or personal experiences that shape your financial behaviors. Nothing has transformed our practice more than the transition to a financial therapy-based approach. We have better conversations and deeper relationships that lead to more accurate planning, advice, and better financial health. 

 

How We Got Here

 

Increased regulations and technological advancements in the financial industry had a profound impact on Jonathan’s career.

 

The changes to financial regulations were primarily a reaction to bad behaviors or misconduct by advisors and financial firms. New rules and regulations improved the quality and cost of products and services for clients. While this evolution is still ongoing, Jonathan always tried to look ahead and forecast where the industry might go and shift the practice to best match (or be ahead of) any new industry standards. 

 

Throughout his career, Jonathan has had the opportunity to work with institutions of every size and shape from large retail banks with wirehouse brokerage firms to small member credit unions. He has been affiliated with two independent broker/dealers and later with a medium-sized, hybrid Registered Investment Advisory (RIA) firm. In 2020, he launched his own RIA firm. 

 

For most of those years, Jonathan was a commission-based broker focused on delivering mutual funds, stocks, bonds, and mutual fund ideas for his clients. In 2016, he began to shift a majority of his service and revenue away from commissions to a fee-based model. These changes didn’t come easily and not all of his clients could see the value. 

 

Thankfully, many of Jonathan’s clients stayed with him through these transitions. This last evolution - owning his own RIA - allowed him, for the first time, to be a fee-only financial advisor. 


 

Technology Levels the Playing Field

 

Technology has changed everything in our personal and work lives. In the financial planning and advice space, technology has given the public access to quality advice, planning, and trading tools—all for nearly free! This access and advancement in technology has driven the cost of financial planning, advice, and trading to all-time lows. In fact, trading essentially costs nothing for most clients.

 

With the advancement of technology, Jonathan started thinking ahead to the future of financial planning and advice, and he came to the conclusion that to be of value to his clients he needed to provide a service they couldn’t get from a computer. With this realization came his focus to work with clients in a way a computer never could—by helping them understand and change their financial behaviors.

 

At Oaks Wealth Management, financial therapy guides the advice and planning tools we use to shape and form our asset allocation strategies and financial recommendations.

Financial Therapy in Houston, TX