Frequently Asked Questions
Who is an ideal client for Avera Wealth Advisors, LLC?
Our ideal client is someone who is focused on achieving financial independence. Financial independence is not defined by how much you own, but by your specific goals and whether you have achieved those goals (or are on track to achieve them).
Our ideal client is someone who wants a financial advocate to help them make informed decisions. We will not make decisions for you, but I hope to educate and empower you to make more informed decisions for yourself.
Who is not a good fit for Avera Wealth Advisors, LLC?
We do not work with people who are not nice. Life is too short. I love my clients and they eventually feel like they are part of my family.
If the only thing you care about or want to talk about is investments and what stock/sector is the best place to make investments, we are not for you. My advice will always be to use market-based investments that track the market. Why invest in something that will, on average, under perform these investments?
Someone who does not value the work and advice that we provide. If you do not value having a financial advocate alongside you to help you make decisions, I do not want you to hire us.
How do you determine my total net worth for fee purposes?
Net worth includes all assets that you own, excluding personal property (i.e., cars, jewelry, furniture, etc.). It also includes any assets in Trust in which you have a beneficial interest. We calculate it annually and the value is mutually agreed upon.
Do you only work with clients in Atlanta?
We work with clients all over the United States. While clients in Atlanta make face-to-face meetings more practical, we do occasionally travel, as well as meet through teleconferencing and/or conference calls.
Once I am a client, how long does the initial review take?
It takes two to three months for a comprehensive review. However, we can focus on specific areas sooner if needed. After the initial review, we meet with clients two to four times a year.
What kind of information do you need in the data gathering phase?
These are the most common documents we need. We understand that not all of these apply to all our clients.
Tax Returns (individual, trusts, entities, gift, estate, etc.)
Estate Documents (will with all codicils, powers of attorney, health care directives, etc.)
Business and Entity Documents (entity formation, operating agreement, buy sell agreement, etc.)
Insurance (contract, current statement, declaration page, etc.)
Life, disability, long-term-care, automobile, homeowners, excess liability, etc.
Bank and Investment Account Statements (account statement with cost basis, beneficiary information, etc.)
Company Benefits (health/life/disability/LTC insurance, retirement plan, etc.)