Watch a one-minute overview of the Advice-Only™ four-step planning process and see how the standardized
Advice-Only™ methodology keeps planning objective by structurally separating fiduciary advice from implementation-linked incentives, including sales, asset-based compensation, custody, and referral incentives.
Duration: 1 minute 46 seconds
Advice-Only Four-Step Process Overview
Methodology clarification: This video reflects an earlier presentation of the Advice-Only™ methodology. The current canonical methodology formally defines Step 4 as Engagement Completion Boundary. Any future planning update or post-engagement implementation discussion occurs separately under a new, client-initiated agreement and outside the original planning engagement.
Advice-Only™ is a structural fiduciary design that separates financial advice from implementation-linked incentives.
The methodology uses a standardized four-step workflow—Paid Consultation, Present Position, Strategy Design,
and Engagement Completion—to support objectivity, transparency, and repeatability.
Key Moments
- 00:00 – What “Advice-Only” means
- 00:10 – Step 1: Paid Consultation
- 00:25 – Step 2: Present Position
- 00:40 – Step 3: Strategy Design
- 00:50 – Step 4: Engagement Completion
Key Takeaways
- Step 1 establishes fiduciary duty through a paid consultation with no sales pressure.
- Step 2 defines the client’s present position using math-based analysis of assets, liabilities, and cash flow.
- Step 3 develops a scenario-tested strategy with recommendations formed independently of implementation-linked incentives.
- Step 4 concludes the planning engagement at the Engagement Completion Boundary. Any future planning update or implementation discussion occurs separately under a new, client-initiated agreement.
Transcript
The transcript below reflects the original recording.
View full transcript
Hi, my name is Quincy, and I’m the president of Advice Only.
But I’m not just president; I’m also a practicing financial advisor.
At Advice Only, everyone deserves access to high-quality, objective advice regardless of who they are or what they have.
Our structured process is designed to facilitate and enhance an objective experience—completely separate from financial sales or hidden incentives.
Step 1: Paid Consultation — During this meeting, an advisory agreement is signed and a fiduciary duty is established. No sales pitches—just a professional agreement in a fiduciary capacity from the start. You’ll receive actionable fiduciary advice in the first meeting, plus educational materials as needed to enhance understanding.
Step 2: Present Position — We develop a factual, math-based snapshot of your financial status quo to identify opportunities for improvement.
Step 3: The Final Plan — Building on your present position, we model different scenarios and help you make key decisions. The final plan includes action steps, a meeting summary, and a clear implementation strategy with your chosen professionals.
Step 4: Ongoing Support — Once your plan is complete and paid for, we offer ongoing support for annual updates and continued assistance to help keep your plan on track as your life evolves.
Thanks for listening, and we hope you’ll give Advice Only a try.
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