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Frequently Asked Questions

How do I know your advice is in my best interest?

Pace Financial Advisors is a fee-only practice, which means we do not earn commissions from selling products. We only get paid by our clients, so that is where our loyalty lies. It also allows us to give unbiased advice since we have no other competing interests

What is the difference between financial planning and investment management?

Investment management consists of developing an investment approach with a client based on their goals and risk tolerance and then implementing it through regular monitoring of invested assets. Financial planning includes investment management, but it is only a fraction of what it entails.

Financial planning looks at your whole financial life, from cash flow and budgeting to insurance, estate planning, debt, and tax planning. In doing so, we are able to come up with a plan that goes far beyond investment management and assures that every piece of your financial life is working in tandem to move you towards your life goals.

Do you manage investments for people?

Pace Financial Advisors provides investment management for our financial planning clients and ascribe to an evidence-based investment philosophy. We strive to harness the collective wisdom of the stock market in order to maximize returns over the long term by investing in a diversified portfolio of low-cost mutual funds.

Each client is invested with a unique asset allocation based on their specific goals. As a part of our ongoing financial planning services, we will also help you determine how to invest accounts that we cannot manage, such as your 401(k) or HSA.

How much money do I need to work with Pace Financial Advisors?

You don’t need any set amount of money to work with Pace Financial Advisors. Unlike most financial advisors, we have no asset minimums. We want to bring quality, objective financial advice to those who haven’t had a chance to accumulate wealth yet and therefore usually only have access to product salesmen.

How do you get paid? Are you a fee-only financial planner?

Our clients are the only ones that pay us. (And they do so through quarterly billing.) We receive no other compensation based on products or investments we recommend so we are fee-only financial planners.

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