FAQ

A CFP® professional possesses specialized credentials in providing guidance for life’s most important stages:

• Starting Out– managing student debt, balancing a budget, building credit, healthcare planning, purchasing a home or automobile
• Settling Down– college planning for children, starting retirement accounts, life insurance protection and managing debt
• Entering Midlife– tax strategies, fortifying retirement savings, employee benefit planning, preparing for the “what if’s” of life, taking care of aging parents
• Nearing Retirement– retirement income planning, developing an estate plan, considering long-term care needs, determining healthcare needs in retirement, social security planning,
• Enjoying Retirement– charitable giving and philanthropy, legacy planning, reviewing insurance needs, preserving retirement assets to help make certain that you do not run out of money, financially empowering your children

CFP® professionals are held to strict ethical standards. What’s more, a CFP® professional must acquire several years of experience related to delivering financial planning services to clients and pass the comprehensive CFP® Certification Exam before they can call themselves a CFP® professional. Financial planning is a dynamic process. Your financial goals may evolve over the years due to shifts in your lifestyle or circumstances such as an inheritance, career change, marriage, house purchase or a growing family. As you begin to consider how best to manage your financial future, you should feel confident knowing that with a CFP® professional, you’re working with someone committed to providing the high standard of financial planning.

At all times when providing Financial Advice to a Client, a CFP® professional must act as a fiduciary, and therefore, act in the best interests of the Client.

Certified Private Wealth Advisor® (CPWA®) is an advanced professional certification for advisors who serve high-net-worth clients. It’s designed for seasoned professionals who seek the latest, most advanced knowledge and techniques to address the sophisticated needs of clients with a minimum net worth of $5 million. Unlike credentials that focus specifically on investing or financial planning, the CPWA® program takes a holistic and multidisciplinary approach.

Financial Planning
• Tax management
• College Funding
• Retirement Planning
• Estate Planning
• Charitable Giving
• Income Distribution Strategies

Risk Management
• Insurance strategies including Life, Disability and Long-term Care
• Portfolio Protection Strategies
• Creditor Protection

Asset Management
• Portfolio Construction
• Exclusive Investment Vehicles
• Downside Protection Strategies
• Strategic and Tactical Portfolio Management
• Behavioral Coaching

Business Services
• Cash Management
• Succession Planning
• Retirement Plans
• Key Person Insurance
• Deferred Compensation

In some cases, a client may have a need for a specialized solution such as a mortgage, power of attorney or tax preparation. Based on our experience with past clients we are able to refer you to reputable realtors, lenders, estate attorneys and CPA’s who have a history of providing quality solutions at a fair price. In most cases, we are available to collaborate directly with those professionals and participate in those discussions as an added resource.

At all times when providing Financial Advice to a Client, a CFP® professional must act as a fiduciary, and therefore, act in the best interests of the Client.

Clients that partner with BayView for Wealth Management services can benefit from the fact that their wealth manager utilizes a network of experts on their behalf. This results in lower costs (time, energy, and money) for the client while giving them cohesive and integrated planning, better customized investments and solutions, less breakdowns in communication, and more autonomies for clients to focus on what’s most important to them in living a meaningful life.

In order to fulfill our promise to be a boutique firm that can give specialized attention to your family, we limit the total amount of families we work with. That way, we can address details when it comes to the challenges facing you and your family.

Our household minimum of $500,000 means that each family must possess $500,000 of investable assets for us to manage in order to have an ongoing relationship.

For clients of the St. Petersburg office, there is no household minimum.

For clients of the Destin office:

Financial Planning Cost – One-time charge of 10bps or 20bps of Investable Assets

If you don’t need Financial Planning or Asset Management and would like us to look at specific areas of your financial picture, we offer hourly consulting on current assets or analysis on individual topics at an hourly rate.

After becoming a client you and your advisor will agree to a review schedule that will be regularly followed and can be either in-person or virtual. Through your Fetch client portal you will have 24/7 access to reviewing balances, running performance reports for any time period as well as viewing activity. You will receive customized reports based on feedback you provide your advisor in determining what YOU want to see on a report, instead of a generic template most large companies offer. We will also periodically communicate with you by e-mail, phone call or text regarding portfolio or economic updates.

In most cases depending on the investment type, a withdrawal request can be processed and arrive in your bank account in 2-3 business days. This of course is also dependent on your financial institution and their processes.

See “Investment Philosophy”.

RFG Advisory – our advisory and compliance partner out of Birmingham, Alabama. RFG is a leading hybrid Registered Investment Advisory firm who gives us access to technology, custodial relationships, marketing and an in-house Chief Economist.

Custodian Relationships – Charles Schwab & Fidelity. Being custodian agnostic allows us to leverage the best qualities of each firm in order to deliver the highest level of service possible in connecting clients with solutions.

Yes – our online client portal Fetch allows us to join you in a virtual meeting from anywhere in the world. From there we are capable of reviewing performance, account activity and investment holdings. Fetch also offers a “co-browse” option where the client and advisor can work together on the same screen, giving full visibility to any topics that need to be discussed in detail.