Farnam Financial is a financial services company that designs powerful retirement income strategies for clients who are nearing or are currently in retirement. Its comprehensive advisory services include investment management, retirement planning, tax planning, and income planning. Farnman Financial’s certified financial advisor takes a holistic approach to financial planning so that clients can keep more of their hard-earned money.
Farnam Financial Investment and Advisory Services
With a specialization in retirement services, Farnam Financial can help manage your finances or offer advice while you implement portfolio changes yourself. The firm’s retirement strategy is aimed at helping you earn more money, lower your tax bill, and find peace of mind in any market. Farnam Financial’s primary service offerings include:
- Retirement planning
- Portfolio management
- Tax planning
- Income planning
- Wealth management
Farnam can help you build a financial plan that addresses budgeting, investments, taxes, and 13 wealth management topics that are critical to achieving long-term success. Your advisor will share the rationale behind each recommendation so you feel comfortable making crucial investment decisions. Set up a 15-minute initial call to ask questions and learn how the process works. You can also explore the firm’s retirement blog online.
Who Farnam Financial Serves
Farnam Financial is a fee-only fiduciary licensed in Arizona. Its mission is to accelerate society’s transition to passive stock ownership and to provide clients with financial security and peace of mind. The firm does not impose a minimum account size or investment requirement. Most of Farnam Financial’s clients are planning for retirement or are currently retired.
| Farnam Financial Overview | |
| Fee Structure | AUM, Flat fee |
|---|---|
| Fee Range | AUM from 1% to 0.5% Flat fee from $1,000 to $3,000 per quarter |
| Assets Managed | $55,000,000+ |
| Minimum Assets | $0 |
| Number of Advisors | 1 |
| Address/Phone Number | 2415 E Camelback Rd, Ste 700, Phoenix, AZ 85016 (602) 603-4000 |
Farnam Financial Experience and Qualifications
Jonathan D. Bird is a Phoenix, Arizona, native with more than nine years of financial services experience. He is a Certified Financial Planner (CFP) and Certified Wealth Strategist (CWS). Before Farnam, Bird worked for Charles Schwab & Co. and managed over $250 million in client assets for 205 high-net-worth families. He’s also the author of a best-selling book, Income on Demand, which helps you master your retirement income and make the market work for you.
Farnam offers fiduciary financial planning, meaning that it is required by law to act in clients’ best interests. Fiduciaries can only recommend financial strategies that are beneficial to you, and they must disclose conflicts of interest, such as earning fees from your portfolio.
As with all reputable financial advisory firms, Farnam leverages financial custodians; the custodians will execute the financial strategy that you craft with your advisor. If custodians charge a fee for any trades that you make, Farnam assumes those associated costs.
Farnam Financial FAQs
What is Farnam Financial’s minimum investment requirement?
Farnam Financial does not have a minimum investment requirement.
What is the cost structure at Farnam Financial?
Farnam Financial offers a flat fee and AUM structure. If you want to get financial planning advice while still maintaining control over your accounts, you can opt for flat fee services. If you’re retired and wish to delegate the management of your assets to Farnam Financial, you can choose to pay a percentage of assets under a management structure.
What is the investment strategy at Farnam Financial?
Farnam won’t try to outperform the S&P 500—they’ve watched many advisors who attempted to do this fail. Instead, Farnman will build you a custom portfolio, one that is based on your unique goals, risk tolerance, and preferences. This might include using index funds to invest in the broad market and minimize your fees and taxes. Your advisor will likely leverage a buy-and-hold philosophy to produce the best long-term results, but they’ll actively manage your portfolio by regularly monitoring and rebalancing your investments to ensure they meet your goals.
Who does Farnam Financial work with?
Farnam Financial is licensed in Arizona. The firm works with clients who are retired or nearing retirement. There is no minimum account balance or investment requirement.
Is Farnam Financial a fee-only fiduciary?
Yes, Farnam Financial is a fiduciary, which means the advisors are legally obligated to make recommendations in your best interest. Farnam is also a fee-only advisor, meaning they will never sell products or charge commissions. In fact, if your custodian charges a commission on a trade that Farman recommends, they will cover 100% of the cost for you.
