Testament Wealth Management

Important To-Know's

FAQs

What is a "fee-only financial advisor"?

A fee-only financial advisor is compensated directly by their clients—never by commissions or product sales. This means we are legally prohibited from selling investment products or insurance policies for commission. Instead, we are paid through either:

• A percentage of assets under management, or
• An agreed upon flat or hourly fee

What is Testament Wealth’s investment philosophy?

At Testament Wealth Management, we believe every client should have a fully customized portfolio that works for them. Tailored to their goals, risk tolerance, and investment time horizon.

We don't pick stocks or try to time the market, as history has shown these are incredibly ineffective ways to invest. We believe in evidence-based investing. Every investment decision we make is based on academic research that has stood the test of time over the last 100 years.

We invest in low-cost, highly diversified ETFs that tilt towards areas of the market that have higher-expected returns.

Do you only work with clients in Cary, NC?

While our place of business is in Cary and we want to be a staple for local, fee-only financial planning, we offer in-person meetings to anyone in the Triangle and can work with anyone in the country virtually.

Is the first meeting free?

Yes! The first meeting is free - we ask you to fill out a data-gathering checklist and upload relevant documents. We then complete a preliminary financial plan to show you how we will help. It’s important for you to know how we will work with you. You don’t buy a car before you test drive it - so why should you pick an advisor before seeing what they can do for you.

What is a "fiduciary"?

A fiduciary is legally obligated to act in their clients’ best interests at all times. As fiduciary advisors, we don’t just follow this standard because the law requires it— At Testament Wealth Management we believe it’s the only ethical way to serve clients.

Unfortunately, not all advisors are fiduciaries, which means they may recommend products that pay them more rather than what’s best for you.

What questions should I ask when looking for a financial advisor in the Triangle?

When choosing an advisor, you should ask them:

1. Are you a fee-only advisor? If not, and they are "fee-based" how do they get paid?
2. Are you a fiduciary? Required to act in your client's best interest?
3. Are you a comprehensive financial planner or do you just focus on investments?

How do you get paid?

Our fee structure varies by client type - we either charge a fee based on how many investable assets you have with us (AUM) or we charge a flat fee - depending on client scenario

Need Personalized Support?

Our team is committed to clarity, precision, and long-term guidance.

contact@finance .com

+1 (555) 123-4567

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