Financial planning is both an art and a science. The science part is about the numbers, generating reports and analyzing data. The artistic side of financial planning is all about listening and bringing the pieces of your situation together to create a masterpiece.
The financial advisors at Compass Financial in Des Moines, Iowa know that education can lead to confidence. Our philosophy is all about learning together so you can make positive financial decisions for you and your family.
Our West Des Moines financial advisors offer hourly financial planning services. Unlike fee-based financial planning, where financial advisors charge a consultation fee and a percentage of income earned, an hourly financial planner charges a flat hourly rate for their financial planning services — you won’t pay more if you earn more.
Financial planning begins with the process of creating a Net Worth Statement and evaluating your assets and liabilities, including total income and any debts. With this information, it’s possible to analyze your current state and future expectations. Once you know where you stand, it’s time to think about goals and make a plan for your money.
Financial planning goals are as diverse as the people who make them. The whole point of financial planning is to figure out what your goals are and then figure out how to use your money to help you get there. There are many reasons to meet with a financial planner. We have clients who meet with our Des Moines-based financial planners for help with a huge variety of things:
If you have a money question, the Des Moines financial advisors at Compass Financial have answers. And we don’t offer one-size-fits-all advice. We listen and learn about your unique situation before we offer our advice. Compass Financial advisors want to partner with you to help you pursue your goals. We will never offer instruction or advice without first understanding your personal needs and wishes.
Throughout our years of financial industry experience, we have identified a few patterns throughout a person’s life where they may benefit from a financial planner’s insight.
We understand that life can get crazy and busy. It’s easy to put your financial planning on hold while other things take precedence. However, we have seen key opportunities throughout a person’s life stages — times where focusing on financial planning can be beneficial or even crucial.
Learning how to save money and pay off debt can occur at any point throughout a person’s life, but we think the earlier you learn these things, the better. Cash flow management, budgeting, saving and getting rid of debt are great places to start whether you’re young or more experienced. Even kids can learn about saving money if they’re given money through an allowance or gifts!
Meeting with a financial advisor is a great idea for anyone who wants advice about these important first steps in financial planning
We see many parents concerned about saving money for their child’s education. This process can be overwhelming, but our skilled Des Moines financial advisors have experience discussing college funds and other tuition-saving techniques.
Again, learning about investing can be helpful at any stage of life, but we often have clients who become interested in investing later in life. Once you have built some wealth, it can be difficult to know what your options are for growing (and protecting!) your money. If you have questions about how to begin investing or how to manage your investments, reach out to a financial planner at Compass Financial.
Proper retirement planning is vital to one of the most significant life transitions — moving from a career into retirement. When you meet with one of our Compass Financial financial advisors to discuss retirement income planning, we will address the following:
At Compass Financial, every plan we assemble is unique to each client — from the reports and tools used to illustrate your situation to the personalized recommendations that make the plan practical to your life and circumstances. A holistic perspective produces decisions that truly fit your lifestyle. We would love to come alongside you as you pursue your dreams.
If you’re ready to team up with a financial planner in Des Moines, reach out to our team. Our experienced team of financial advisors is excited to meet with you and help you pursue your financial goals.
We have included a few tools here that we feel are both informative as well as helpful to your financial planning journey: