What fees are associated with working with Empress Investment Group?
At Empress Investment Group, we do NOT charge a fee per meeting. Meagan is licensed as a fee based advisor and we also offer a variety of solutions that compensate our office through the form of a commission. For example, a life insurance policy pays the agent a commission based on the annual premium and is paid directly by the insurance carrier, not the client. Alternatively, fee based advisory services means that the client is paying an ongoing fee for the management of their accounts. This fee varies depending on the size of the portfolio, the investment allocation, and the type of management. When we meet to discuss your financial needs and objectives, we will be able to tell you what fees are involved based on the services we agree upon. We assure you that you will not be charged anything until a clear course of action is discussed, agreed upon, and implemented.
What services do you provide?
We offer comprehensive financial planning, which includes a wide variety of mutual funds, stocks, bonds, fixed income securities, annuities, long term care, life and disability insurance. We work with both individuals and businesses. Some of our clients need assistance with one aspect of a financial plan. For example, they may want to start an IRA, save for a home down payment, or purchase long term care insurance. Others require more detailed financial planning strategies, including asset allocation, portfolio management, goal setting, etc. We can work with you to assess what the best fit is for your personal situation. Please find a link to "Our Services" page.
What are some common concerns your clients face?
We can assist you in answering the following questions:
- Can I retire early?
- Are my investments earning enough to reach my goals?
- How much market risk should I have?
- How do I reduce taxes in retirement?
- What is the best way to plan for the next market decline?
- What is the best approach for college savings?
- What are the elements of a sound estate strategy?
- Do I have enough life insurance for my family?
- How much should I be paying in fees to my advisor?
Do you meet with clients on the weekends?
Meagan does not see clients on the weekends. She has three small children and is committed to spending time with her family over the weekend. We believe that financial planning should be something our clients take seriously, like their health. After all, this is your financial health, so most of our clients take time during normal business hours to meet, as they would if they needed to see a doctor or a dentist.
Is there a fee for the 1st meeting?
We do not charge a fee for the initial consultation, or for ongoing consultations. (Please refer to information about our fees above). Our initial consultation is a time for you to get to know us, and for us to get to know you. There is no pressure! This is a casual meeting where we meet for approximately one hour to discuss your financial goals and concerns, current investments, and other aspects related to planning. If you feel like we can add value and we believe you are a client we would like to work with long- term, we will set a second appointment. In the interim, we will do a full analysis of your current investment allocations, and put together a plan of action for discussion in the follow up meeting.
Does Empress Investment Group only work with women?
No. We have built our business taking into consideration many of the financial concerns that women face. In turn, 75% of our clientele is female. However, many of those women are married and we do work with single men as well. We love to help both males and females with financial planning strategies.
How do you work with clients that aren't local?
We are licensed in multiple states (please send us an email to determine if we are licensed in your state). Los Angeles is a bit of a melting pot, so many of our clients engage us while they live in LA, but then end up relocating. With modern technology, Skype and Go-To Meetings make it a seamless transition to managing client's assets who don't live locally.
How are you regulated?
Since Empress Investment Group offers both securities and insurance products, we are regulated by the Securities & Exchange Commission (SEC), the Financial Industry Regulatory Authority, Inc. (FINRA), Madison Ave Securities, LLC (MAS), and the California Department of Insurance. Please feel free to check out Meagan's records on Brokercheck.com.
In addition, please refer to Meagan's ADV brochure
How much experience do you have?
Meagan is a Certified Financial Planner™ and Investment Adviser Representative and has been in the financial services industry for over 15 years. She is also insurance licensed and holds her series 7, 63, and 65 licenses.