At WorthyNest®, we partner with conscientious, courageous parents who care deeply about using their God-given gifts to benefit their family and broader community. We help you build wealth in a way that aligns with your values.
How do your financial behaviors and experiences impact your long-term financial success? At WorthyNest®, we work to understand the complete picture of your financial wellness and use that information to ensure you reach long-term goals. Are you on your way to building wealth? Find out and take the Wealth Potential screening, a mini version of the longer Building Wealth assessment that we give to prospective clients. Both assessments are independently administered by behavioral research and technology firm DataPoints.
Financial planning is a process, not a destination. If you become a client, we meet several times throughout the year to ensure you are getting consistent, reliable advice about the topics that matter most to your family. We leverage technology and meet virtually with clients residing outside greater St. Louis. Above all, WorthyNest® provides clarity and direction.
Investment Management Services
As the name implies, concierge is the highest level of service. WorthyNest® acts as your personal CFO on complex matters and fits the pieces of your financial puzzle together. We work collaboratively with you towards a solution. We not only provide customized guidance but also execute agreed-upon investment strategies. More importantly, we're the voice of reason when the stock market is volatile and you are tempted to "sell low."
Concierge is the only WorthyNest® offering that includes investment management and holistic financial planning services. This service model is ideal for families who do not have the time or energy to execute trades and monitor investment accounts. We also help families who are concerned with market risk and want a rational, trustworthy voice. We seek your approval prior to investment implementation and hold your investments at an independent custodian, typically TD Ameritrade. Plan on meeting approximately five or six times in the first year of our working relationship and quarterly thereafter.
Financial Planning Services
This standard offering is ideal for young families in the asset accumulation stage. You are seeking quality financial guidance from a trustworthy professional who makes recommendations in your best interest. Your CFP® professional, Deborah Meyer, will work with you through the following six-step framework:
- Agree on how to work together
- Gather data about your history, values, and goals
- Analyze and develop an integrated financial plan
- Provide recommendations
- Put the plan into motion
- Monitor progress and make adjustments as needed
The sixth step is critical and forms the basis of an ongoing planning relationship. One certain thing in life is change, and WorthyNest® wants to be with you each step of the way.
Think of the service models as a stair-step. All financial planning clients follow a similar process to the FOUNDATION service model. For families with additional needs in the college planning space, we can go one step further. We collaborate with you to develop a detailed, customized college funding plan. Our in-depth analysis considers your current investment assets, future earnings potential, and child's financial need.
You find value in the FOUNDATION service model above. Yet you are also within five or ten years of being financially independent, a time when you will no longer rely on salary to fund lifestyle expenses. You want to do everything in your power to maximize retirement savings but do not always understand the tax consequences. Seeing several different "what-if" scenarios will help you select a preferred retirement strategy. You may be working with or have been disappointed in the past by a commission-based broker who sells an expensive investment product and fails to provide ongoing, comprehensive advice. This financial independence package could be just the thing you need to gain clarity around retirement goals.
financial planning concepts we explore
Cash Flow Management - Do you have a budget and are you adhering to it? Are you unsure which specific financial goals to tackle first? We will establish a new cash flow plan for your family or tweak your existing budget.
Education Planning - We go beyond college funding and analyze other education needs, too. Want to send your kids or grandchildren to private grade school or high school? Which education funding vehicles are optimal?
Employee Benefit Review - Health, disability, and life insurance benefits through your employer can be confusing. Acronyms like HSA, FSA, and HDHP will be explained. Retirement plans can be equally confusing. We empower you to make informed decisions about the percentage to defer and underlying investment elections.
Estate Planning - What happens if you are disabled or no longer living? Wouldn't it be nice to have a say in how things are handled if you can no longer make key decisions? You want to live intentionally, and legacy is an important part of that intention. We will work with your existing estate attorney or recommend a new one to ensure you have estate documents that properly reflect your intentions.
Insurance Analysis - What amount of insurance do you need? How often should you revisit? Is it better to seek employer-sponsored coverage? We will examine these critical questions annually with you and will ask for the assistance of an insurance agent if a coverage change is merited.
Investments - What is your investment time horizon and risk appetite? What percentage of stocks and bonds should you have in each investment account? Can you invest in positions that align with your Christian values? These key items will be discussed.
Tax Planning - How does asset location impact investment planning? What are the tax implications of a Roth IRA conversion? How can you maximize dollars going to charity? WorthyNest® founder Deborah Meyer, CPA/PFS, CFP® has substantial experience advising families and small business owners about taxes and charitable giving strategies.
We add value throughout the year and meet more frequently within the first year of our professional relationship. To account for this extra time we spend together, new WorthyNest® clients make a one-time, up-front investment of $1,000. Families utilizing our Concierge model, consisting of investment management and financial planning services, pay an asset-based fee on the level of assets being managed. Financial planning clients who are not utilizing our investment management services pay an ongoing fee ranging from $175 to $375 monthly.