What We Think

Why fee-only financial planning?

The D. Scott Neal team works for our clients and no one else. We do not accept fees or commissions from any source other than our clients. We strongly believe that commissions introduce a conflict of interest, which is why our firm is compensated solely by our clients.
We structure our annual fees for investment management services so that they don’t exceed 1% of the portfolio value.

Is there an account minimum?

No, but in some cases a minimum fee may be imposed.

How often will I be billed?

Generally, we bill quarterly in advance for investment management services.

Are meetings handled in person, over the phone or both? And how often are meetings needed?

Meetings are held as often as necessary. We are on call for your questions. Meetings can be held in person, by phone, or by video-conferencing using Webex.

What are the elements of a comprehensive financial plan?

A review of goals, cash management and budgeting, tax planning, investment review and planning, estate planning, insurance needs analysis, retirement planning, and education funding planning.

Do you provide a written analysis of my financial situation and recommendations?

Yes.

Is the analysis tailored to my personal needs and goals?

Yes.

Will I work with one member of your team or everyone?

We are a strengths-based organization. Each person in the firm was hired to do what they do best. Therefore, it is possible that during the course of our relationship, you may work with each member of the firm. You may always ask for a specific person, however.

Are married couples expected to work with you as a couple or can they work with you as individuals?

We can do either.

Do you prepare tax returns?

Preparing tax returns is an historical service and deals in the past. We deal with the future. Therefore, we have made a choice not to prepare returns. We do tax planning.

Does your financial planning service include recommendations for specific investments or investment products?

Yes.

Do you offer continuous, on-going advice regarding my financial affairs, including advice on non-investment financial issues?

Yes.

Do you take possession of, or have direct access to my assets?

No, your assets are held at an independent custodian in your name.

Is your firm registered as an Investment Advisor with the U.S. Securities and Exchange Commission and/or the appropriate regulatory authorities in this state?

Yes.

How long have you been offering financial planning services?

Scott started his own firm in 1986 and incorporated D. Scott Neal, Inc. as an RIA in 1995.

Are you a member of any professional financial planning associations?

Staff are members of the National Association of Personal Financial Advisors (NAPFA), The Financial Planning Association (FPA), the Kentucky Society of CPAs, the American Institute of CPAs, the National Association of Tax Professionals, The Divorce Financial Planning Institute, and the Exit Planning Institute.

Will you provide me with references from current clients?

Yes.

Have you ever been cited by a professional or regulatory governing body for disciplinary reasons?

No.