3/11/2024 - David Sterman was interviewed by FeeOnlyNetwork

Are you a fiduciary?

Many advisors refer to themselves as a fiduciary, but many really are not. Huguenot Financial Planning is a fiduciary in the truest sense of the word, as all advice is without any conflicts of interest, only what is best for the client. We do not charge asset management fees as that would create risks that we are not giving truly fiduciary-focused advice.

Do I need to have a lot of assets to work with you?

My firm works with clients from all financial backgrounds and does not require a client to have a minimum base of assets or net worth. That said, my fees are in the middle of the industry average, and may be higher than some people can afford.

What is your investment philosophy?
We tailor our investment advice to a client’s particular comfort zone and long-term goals. Accounts that will be relied on for short-term funding needs in life will always have a very conservative orientation, while accounts that are focused on the longer-term (such as retirement plans or funds that won’t likely be needed for at least 6-7 years) have a greater orientation towards growth potential. Investment costs have a big impact on returns, so we always focus on low-cost and diversified exchange-traded funds (ETFs)

Do you sell financial products such as insurance policies, annuities or other Wall Street products?
We do not sell any products, only our time. We do provide a deep analysis of clients’ existing financial policies/products and help clients understand when such products can be helpful and which ones represent the greatest value.

Is there anything else you can tell me about you?
I have been helping clients with important financial decisions and choices for three decades, always with the highest standards of integrity. I am proud of my spotless track record, in an industry where many people choose not to put their clients’ needs first.