FAQ

Simonet Financial Group, LLC was formed in 2013 as Simonet Wealth Management. Our Founding Partner’s experience in business & finance spans nearly a decade. In addition, SFG employs the world-class resources and expertise of our custodians, managers, and partners when providing our integrated financial planning solution.

A Fiduciary is someone who stands in special relation of trust confidence, and/or legal responsibility. ERISA defines a Fiduciary as “anyone who gives investment advice for a fee or other compensation… or has any authority responsibility to do so.” In essence, a fiduciary adviser is someone who, for compensation, acts in the best interests of his or her clients. The Fiduciary Standard of Care requires that a financial adviser act solely in the client’s best interest when offering personalized financial advice. We believe in and follow the Fiduciary Standard of Care when addressing any of our clients’ concerns.

We make referrals to other third party professionals via email introductory with client copied. We do not earn any referral commissions or fees

A custodian is a financial institution that holds a customer’s securities for safekeeping so as to minimize the risk of their theft or loss. A custodian can hold securities and other assets in electronic or physical form. Simonet Financial Group, LLC does not operate as custodian and does not take custody of our clients’ assets. Client assets are held directly at the fund company, with third party trusts, or with a custodian.

Bill Simonet currently holds the CERTIFIED FINANCIAL PLANNER Professional and the Accredited Investment Fiduciary designations.

Simonet’s IARs may employ the same strategy for their personal investment accounts as it does for its clients. However, IARs may not place their orders in a way to benefit from the purchase or sale of a security.

We act in a fiduciary capacity. If a conflict of interest arises between us and you, we shall make every effort to resolve the conflict in your favor. Conflicts of interest may also arise in the allocation of investment opportunities among the accounts that we advise. We will seek to allocate investment
opportunities according to what we believe is appropriate for each account. We strive to do what is equitable and in the best interests of all the accounts we advise.

As an independent advisor, we don’t just manage your accounts. We act as your comprehensive financial planner. This means looking beyond the stock market to coordinate every piece of your financial puzzle. From tax strategies and estate planning to retirement income and risk management. Because we are independent, our planning is purely objective. We’re not here to sell you a product, but to design a personalized roadmap that evolves with your life. This dual role ensures that every investment decision we make is rooted in a deep understanding of your long-term goals, providing a level of clarity and continuity that “big bank” models simply can’t replicate.

We take a holistic and process-oriented approach to financial planning. Our Process page outlines our 5-step process to helping clients identify, prioritize, implement, and monitor their financial goals over time.

Simonet Financial Group, LLC operates on a project based, ongoing retainer, or asset-based fee structure. We are Fee-Only Registered Investment Adviser (RIA).

Our planning services include the following areas: Financial Position Statement, Cash flow & Budget Analysis, Financial Risk, Retirement & College Funding, Distribution Strategies, Investment performance, Tax planning coordination, Benefits & executive compensation, Business planning services, Estate planning & wealth Transfer.

We provide consultative services, planning, & investment management services to businesses from start-up to $10 million in gross revenue.

In some cases, our fees may deductible. Please consult your tax professional.

Generational Wealth Transfer for estates valued above $5 million. Requires coordination with an estate planning attorney.

Generational Wealth Transfer strategies for estates valued below $5 million.

Strategies to help maximize business value for a future liquidation event such as third party sale, partner buy-out, or M&A transaction.

Business continuity strategies involving the transition from one owner to the next through inheritance, transfer, incapacity, or compulsion.

Expense tracking for income, savings, & investment purposes. Household budget creation and maintenance.

Gifting strategies to reduce the potential impact of gift or income taxation. Lifetime gifting to charitable organizations or individuals.

Mineral rights, illiquid assets, passive income sources, & real estate investments.

Private and higher education funding strategies. FAFSA completion

Employee incentive stock option or bonus plans. Non-qualified deferred compensation, Key person insurance & other benefits.

Net worth, wealth tracker, beneficiary summary, and other relevant statements based on individual or household financial condition.

Strategies to address premature death, longevity, & loss income due to disability or personal health issues.

Oversight of investment assets managed directly or through affiliated professional money managers.

Funding & liquidation strategies to maintain the quality of life for an individual or family into and through retirement.

Business expense tracking for income, savings, investment, & tax reduction purposes. Simonet Financial Group does not provide tax advice, bookkeeping, or accounting services at this time.

Owner & employee retirement funding strategies to potentially maximize business value, as well as maintain the quality of life for a business owner into and through retirement.

Benefits protection strategies for families with special-needs children. Personal independence & financial security strategies for seniors & elderly dependents.

Tax efficient investment strategies and coordination with client CPA.

Funding and management of assets related to established trusts. Coordination with trust companies and attorneys in the creation of trusts.