Frequently Asked Questions
What it’s like working with us.
Every client relationship begins with understanding what matters most to you. Here are answers to some common questions about what it's like to work with Haywood Wealth.
A real financial advisor doesn’t just manage finances in a vacuum. You have to know whose money you’re managing, so that you can manage it effectively.
Our goal is to enhance your life and make the most of the money you’ve accumulated. That means different things for different people, so we want to know you personally, what motivates you, and how you want to live.
No two financial plans are identical. We start by getting to know you - your goals, aspirations, and even your fears. We then combine this subjective information with an objective review of your full financial picture.
It’s through this combination of subjective and objective data that we tailor a unique financial roadmap that enables you to live your most empowered life in retirement.
Yes, we are a fiduciary. We take this responsibility seriously, and aim to earn your trust every day.
Most of our clients are getting close to retirement, or are already retired and have accumulated at least $1 million in their portfolio.
When they first come to us, they’ve reached a point where they realize they don’t want to be responsible for managing the many aspects of their financial picture, and would prefer a professional money manager to oversee everything.
If that sounds like where you are, we may be a good fit to work together.
Most of our client accounts are managed at Charles Schwab, who acts as an independent custodian for your money. We don’t work for Schwab, but simply use their industry leading technology to manage our clients’ investments most effectively.
Most account transfers are handled electronically. We guide you through every step to assure a seamless transition.
While we don’t require you to transfer all accounts under our management, we do advise hiring one (and only one) financial advisor. If you’re working with multiple advisors, there’s a chance that one may do something that conflicts with what the other advisor is doing.
Although we do value a long-term partnership with our clients, we do not require you to work with us for a defined period of time.
You can cancel any time you feel our services are no longer a good fit for your needs.
We use Zoom to meet with our clients that aren’t local to our Houston TX office. We’re also available for phone calls or emails - whatever works best for you.
How our fees work, and what you receive
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We bill your accounts directly. Billing occurs quarterly, in arrears. Our fees begin at 1.5% for the first $1 million, and decrease as your assets grow. We are transparent with our pricing, and don’t have any hidden fees or charge extra for other services like tax planning and estate planning.
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Most people who hire us reach a point where they realize they no longer want to manage every piece of their financial life on their own. They value having a trusted advisor oversee the full picture and help keep everything coordinated.
While there is a cost to working with us, our goal is to deliver meaningful value through efficient investment strategies, thoughtful planning, and the confidence that comes from knowing your finances are in good hands.
Answer
We charge a percentage of the value of the investments we manage, which is debited directly from your accounts:
—1.00% on the first $1,000,000 we manage
—0.75% between $1,000,001 and $5,000,000
—0.50% above $5,000,001
These fees are on an annual basis, and include all of our wealth management services (investments, tax planning, estate planning, etc.)
What it’s like working with us.
Yes, Justin will be your financial advisor and single point of contact. You’ll benefit from his vast experience helping people like you live their best life in retirement.
At larger firms, you’ll be passed from advisor to advisor every few years, which leads to less personalization and less attention on you.
As a boutique firm, Haywood Wealth works with a limited number of clients. By limiting the number of clients we work with, it assures we’re able to spend more time focusing on you.
Justin has been a retirement planner since 2014. He founded Haywood Wealth Management in 2023 so that he could provide the highest level of service to his clients.
What we can help you with.
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We help coordinate your full financial picture so that you don’t have to turn to multiple people for advice. That includes:
- Retirement guidance
- Investment management
- Tax planning
- Proactive estate planning
- Insurance reviews
- Cash flow forecasting
Our goal is to empower you to live your best life with your money, and to give you the confidence to do so.
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Your investments can be more, or less, tax-efficient, and to reduce “tax drag” on your portfolio.
Note that we do not file your taxes for you.
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We focus on low-cost investments so that you’re not paying unnecessary fees. That typically includes index-based ETFs and mutual funds that are specifically tailored to your personal risk tolerance.
Most of our clients aren’t looking to swing for the fences, so we focus on time-tested investment principles like diversification and long-term focus.
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Insurance is an important component of any financial plan. That’s why we do a full insurance review and can advise on the best insurance policies for your needs. In some cases, we can help procure certain insurance policies based on your needs.
Ready to get clarity on your retirement?
We'd love to meet you, learn more about your goals, and together, we’ll explore how to make the most of what you've worked hard to build.