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Bormann Wealth Management
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FAQs

- What are the steps to hire an advisor?

- Which states or locations do you operate in?

- Which states or locations do you operate in?

Steps to hire a fiduciary, fee-only advisor or CFP.

First, book an introductory video call. This is a "get to know you" meeting to share general info. It doesn't place any obligation on you.


After that conversation if there seems to be a fit, within a few days you'll receive an engagement letter which spells out the services to be provided. 


Working with an advisor on your financial goals should never be a rushed process. Take your time to think it over, ask any questions on your mind, and once everything makes sense we can move forward.

- Which states or locations do you operate in?

- Which states or locations do you operate in?

- Which states or locations do you operate in?

Bormann Wealth Management has an office in Spokane, WA and also serves clients in other states.

Bormann Wealth Management, LLC is a registered investment adviser firm located in the State of Washington, but serves clients in several other states as well. Registration requirements vary by state.


To check if our services are available in your location, send an email.

- How do I check an advisor's background?

- Which states or locations do you operate in?

- What documents should I have ready for a first meeting?

Check the background of a financial advisor before you hire, with FINRA and SEC consumer resources.

Financial professionals previously or currently registered as a broker will have their work experience, plus any customer complaints or disciplinary history, viewable through FINRA's BrokerCheck. That site also provides a link to the SEC for investment advisor registrations. 


From the SEC's website, you can view an investment advisory firm's registration and ADV Brochures which describe business practices, office location, fee structure, etc. 

- What documents should I have ready for a first meeting?

- What documents should I have ready for a first meeting?

- What documents should I have ready for a first meeting?

For a first meeting, have a current statement from your investments available.

 Please have a recent statement (within the past 12 months) from any investment accounts you currently hold. Other documents needed will depend on the planning services you choose to engage. 


Protecting your personal financial information is a top priority; view the Privacy Policy.  

- What is your stock picking process?

- What documents should I have ready for a first meeting?

- Do you screen investments for ethical concerns (ESG)?

Picking good stocks using a systematic and thoughtful process.

At the core, investing should be a common sense discipline. Buy good assets at favorable prices, and then hold on to them. 


However, what makes an asset "good", and what is a "favorable price"? These questions quickly get complicated! 


To aid transparency, the business blog describes methods used for picking stocks, building portfolios, and managing risk. 

- Do you screen investments for ethical concerns (ESG)?

- What documents should I have ready for a first meeting?

- Do you screen investments for ethical concerns (ESG)?

Investment decisions that reflect your values and most important ethical goals.

Bormann Wealth Management builds portfolios out of individual stocks plus index funds or ETFs. Each client's portfolio can be uniquely customized according to their preferences.


If you have ethical values which guide your investment choices, please mention them! We can include those goals as part of the selection criteria in your personalized portfolio. 

- Do you prepare taxes or legal documents?

- Other questions, or ready to get started?

- Do you prepare taxes or legal documents?

Manage your tax liability with advice from qualified experts.

No, but if you already work with an attorney or tax professional, we can collaborate with them while building your financial plan. 

- Can you do insurance?

- Other questions, or ready to get started?

- Do you prepare taxes or legal documents?

Advice on life insurance, property insurance and disability income from a fiduciary advisor.

Advising on the right types and amounts of insurance to have is an important part of the planning process. However, BWM does not produce or solicit new insurance policies, as it would pose a conflict of interest. 


You can choose a local, independent insurance agent to compare multiple carriers for you, after you've decided on what amount of insurance to buy.

- Other questions, or ready to get started?

- Other questions, or ready to get started?

- Other questions, or ready to get started?

Send an email to get your specific questions answered.

 Get in touch! Emails are answered promptly. 

Contact: info@bormannwm.com.


  Bormann Wealth Management, LLC is a registered investment adviser offering advisory services in the State of Washington and in other jurisdictions where exempted. Copyright © 2020-2022 Bormann Wealth Management. All Rights Reserved.

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