Financial Management Consultants LLC

The firm advises individuals and couples at various stages of life, and also works with related trusts, estates, businesses, and retirement plans. Engagements range from single, targeted meetings to multi-year comprehensive financial planning covering investments, income tax considerations, estate planning, retirement, insurance, education funding, and cash and debt management.

Investment guidance centers on setting a target allocation between fixed-income and equity investments based on client risk tolerance and goals; fixed-income recommendations often favor individual bonds or CDs arranged in a bond ladder, while equity exposure is generally sought through no-load mutual funds or individual stocks, and the firm also advises on exercising employer stock options. The firm does not provide discretionary portfolio management or custody, does not execute client trades, and instead assists clients with implementation and coordination using brokerages selected by the client.

Distinctive features include exclusive reliance on hourly fees rather than percentage-of-assets pricing and a practice profile in which about 70% of billings arise from non-investment planning services, indicating a focus on advice and implementation over asset management. The firm operates as a long-established solo practice with a small client base and has chosen not to carry professional liability insurance, reflecting its non-discretionary service model.