We can get paid in two ways, via fee or commission. Most of our business is fee-based, where we charge an “advisory fee” to manage investments and provide financial planning services. We do not charge a fee to go through an initial financial plan, and there are no additional fees for financial planning. Sometimes, clients want certain benefits of an insurance product (life insurance, fixed annuity, variable annuity, etc.). With these types of products, we get paid a commission that varies, depending on the type of insurance and insurance company.

We are very open and transparent with our fees and feel that it is very important that you understand what you’re paying. That's one reason why you should call Waznik Heike Group, LLC for financial planners Menomonie, WI can count on.

Changing advisors can seem like a difficult process, but it is not. For accounts that are held directly with fund companies (American Funds, Hartford Funds, etc.) and annuity/insurance policies, there is a form to name us as the “Agent of Record” on the existing account/policy. Nothing changes for the client, but we have access to the information.

Proprietary products can typically only be serviced by an advisor with that company, but we can usually gain access to the information through an information-sharing agreement. For accounts that are not held directly with the company, we submit a transfer form to move the funds to our firm. Most companies participate in an ACAT system that moves your existing holdings over to our custodian without having to sell or be out of the market. Contact us to get started with our investment advisors in Menomonie, WI today!

Yes. We put your best interests first. Reach out to us today to see why we're the financial planners Menomonie, WI residents prefer.

Comparison is the thief of joy. Everyone’s situation is different, and it’s important to develop a plan specific to your situation and objectives. For example, someone can have a pension from years of public service but not as many assets as someone who saved into a retirement plan their whole life. It’s important to plan accordingly. In fact, according to Statista, the U.S. retirement planning segment constitutes over 40% of the financial planning market, reflecting its importance in overall financial advisory services. For retirement planning Menomonie, WI depends on, contact us today.

We review when you want to review or when your life changes. Every client is different. Our financial planners in Menomonie, WI typically offer to review your retirement plan and accounts every six months, but not everyone wants to be that involved.

We do not, but our financial planners in Menomonie, WI can find someone trustworthy who does.

Most of our portfolios are managed in a fee-based (or advisory) environment. Our advisory fee for the first $500K is .75% and is .55% for assets over $500K. If you have assets over $500K, all funds are charged at .55%. Our investment advisors in Menomonie, WI also may make commissions on different recommendations but will disclose those beforehand to avoid any conflict of interest.

It ultimately depends on your situation. The balance is making sure that you are insulating yourself against government changes. Our investment advisors in Menomonie, WI have software that analyzes current vs. future tax rates to determine what makes the most sense for you.

How long will you live? Each situation for retirement planning in Menomonie, WI is different, depending on earnings records and objectives. We have a Social Security tool that will provide a maximum benefit option for your situation.

In our experience, most 401(k) accounts have unnecessary fees and limited investment options. We analyze current 401(k) administrative and investment expenses to determine what is best for you and your retirement planning in Menomonie, WI.