1. What services does VELA Wealth provide?
VELA Wealth specializes in providing comprehensive financial planning services to individuals, families, and businesses. We understand that financial planning can be a complex and daunting process, and we strive to provide our clients with personalized solutions tailored to their unique needs and goals.
Our services include:
- Estate and Legacy planning
- Charitable Giving services
- Inter-generational Wealth transfer
- Permanent Life Insurance solutions
- Disability and Life insurance products
- Business Continuity planning services
At our company, we believe that financial planning is about more than just managing money. It’s about helping our clients achieve their goals and build a legacy that will last for generations to come.
2. What makes VELA Wealth different from other wealth management companies?
Our planning-driven, holistic approach to wealth management sets us apart from other firms. We prioritize the development of comprehensive financial plans tailored to our clients’ unique needs and goals. Our ongoing planning and review process ensures our clients’ plans are updated and adjusted as needed. We provide exceptional customer service, taking time to listen and answer questions. Our commitment to ongoing planning and review is a key differentiator, ensuring our clients’ plans are aligned with their changing needs and goals. We believe this approach allows us to provide personalized, comprehensive financial planning solutions, building a secure financial future for our clients.
3. How do you determine what financial strategies are right for me?
We take a personalized approach to financial planning and begin with a discovery meeting to understand your financial situation, needs, and goals. Based on this information, we develop a tailored financial plan that includes recommendations for the appropriate financial strategies and investment solutions aligned with your overall financial strategy. Throughout the planning process, we work closely with you to ensure you understand your options and are comfortable with the strategies we recommend. Our goal is to provide you with the guidance you need to make informed decisions and achieve your long-term financial objectives.
4. What is the process for working with a financial advisor at your firm?
At VELA Wealth, the process for working with a financial advisor depends on your unique financial situation. We believe that each client’s financial situation is unique, and we take a personalized approach to financial planning. We begin with a discovery meeting to gather information about your financial goals and objectives. Throughout the planning process, we work closely with you to ensure you understand your options and are comfortable with the strategies we recommend. Our goal is to provide you with the guidance you need to make informed decisions and achieve your long-term financial objectives, regardless your financial situation.
5. How often will we meet to review my financial plan and make updates?
The frequency of meetings to review and update a financial plan depends on the individual needs of each client. We work with our clients to custom-develop a reporting program that is tailored to their specific needs and preferences. This ensures that our clients receive the level of support and communication that they require to stay on track and make informed decisions about their financial future. Our goal is to provide our clients with a comprehensive financial planning experience that is tailored to their unique needs and objectives.
6. Are VELA Wealth services offered on a fee-only or commission basis?
VELA Wealth offers financial services on both a fee-only and commission basis.
7. Can you provide references or testimonials from satisfied clients?
Absolutely! We would be delighted to provide references and testimonials from satisfied clients upon request. At VELA Wealth, we take pride in the level of service we provide our clients and are committed to building long-term relationships based on trust and transparency. We have many satisfied clients who have achieved their financial goals with our guidance and support, and we are happy to share their testimonials with potential clients who are considering working with us.
8. Do you offer any educational resources or workshops to help me understand my finances better?
Yes, we do. At VELA Wealth we believe that financial education is a key component of our services. We offer a variety of educational resources, such as events, podcasts, blogs, and seminars, to help our clients better understand their finances and make informed decisions. We encourage our clients to keep an eye on our social media communications for upcoming educational opportunities. Our goal is to empower our clients with the knowledge and tools they need to make informed decisions about their financial future.
9. How do you prioritize my financial goals and objectives?
We take a planning-based process that is designed to achieve the objectives you have determined. We begin by working closely with you to identify your financial objectives and develop a comprehensive financial plan that aligns with your goals. We take into account your current financial situation, risk tolerance, and time horizon, among other factors, to develop a personalized plan that meets your unique needs. Our goal is to prioritize your financial goals and objectives and work with them to develop a plan that will help you achieve your long-term financial success building long-term relationships based on trust and transparency.
10. Can you help with retirement planning and estate planning?
Absolutely. We specialize in retirement planning and estate planning. We will work closely with you to develop a comprehensive retirement plan that takes into account your current financial situation, retirement goals, and planning horizon. We will also help you plan for the transfer of assets to your heirs and beneficiaries through estate planning strategies. We aim to provide you with the guidance and support you need to achieve your retirement and estate planning objectives and protect you legacy for future generations.
11. Can you help me with insurance consultation?
Certainly. VELA Wealth offers insurance consultation services to help you make informed decisions about your insurance needs. We believe that insurance is an essential component of a comprehensive financial plan and can help our clients protect their assets and achieve their long-term financial objectives. We work closely with our clients to understand their insurance needs and develop a customized insurance plan that aligns with their financial goals and risk tolerance. We provide services to cover a range of insurance products, including life insurance, disability insurance, long-term care insurance, and more.
12. Do you have experience working with clients who have a high net worth or complex financial situation?
We have extensive experience working with clients who have a high net worth or complex financial situations. We understand that these clients often have unique financial needs and require a customized approach to financial planning. We work closely with our clients to develop comprehensive financial plans that take into account their unique circumstances and goals. Our team has the expertise and experience necessary to navigate complex financial situations, including tax planning, estate planning, risk management, and investment management. We are committed to providing our clients with the highest level of service and support, and we strive to help them achieve their long-term financial objectives.
13. How do you handle conflicts of interest, if any, in your financial planning services?
We are committed to providing independent advice and working in the best interests of our clients. We are not affiliated with any banks or financial institutions, which allows us to provide objective and unbiased financial advice. We have a fiduciary duty to our clients, which means we are legally obligated to act in their best interests at all times. If any conflicts of interest arise, we disclose them to our clients and work to resolve them in a transparent and ethical manner.
14. Are your financial planning services tailored to my specific needs and situation?
Yes, we understand that every client has unique financial needs and circumstances. We provide customized financial planning services tailored to each client’s specific needs and situation. Our planning process begins with a discovery meeting where we get to know you and your financial objectives to develop a comprehensive financial plan that takes into account your goals, objectives, risk tolerance, and other factors. We believe that a customized and holistic approach to financial planning is the best way to help you achieve your long-term financial objectives.
15. Do you have any partnerships or affiliations with other financial institutions or organizations?
Yes, we have partnerships and affiliations with various investment, insurance, and mortgage companies that allow us to offer a wide range of financial solutions to our clients. Our priority is to provide our clients with the best financial planning services and access to a diverse range of products and services that can help them achieve their goals.
16. Can you help with long-term planning and forecasting for my financial future?
Yes, we can certainly help with long-term planning and forecasting for your financial future. Our financial planning services are designed to help you achieve your long-term financial goals, whether it’s saving for retirement, funding a child’s education, business succession planning or something else.
We take a holistic approach to financial planning, considering all aspects of your financial situation, including your income, expenses, assets, and liabilities, to create a comprehensive financial plan tailored to your individual needs and goals. Our experienced advisors can help you understand your options and make informed decisions about your finances, providing guidance and support every step of the way.