frequently asked questions

 

What is a “Prosperity Person” and how is that different than anyone else?

At Mackey Advisors, our focus in on the inside of your financial lives as well as the outside.  Not only are we are fiduciaries, which means that it is our duty (and our honor) to act in the best interest of our clients in all matters, at all times, but we are genuinely passionate about helping our clients understand their financial lives and ultimately find joy and prosperity.

We are enthusiastically for you!  Not everyone is like us!

 

What services do you provide?

We provide fee-only financial planning services for individuals (The Prosperity Experience) for young professionals (iProsper) and for businesses (The Prosperity Experience for Business). As a support to our core services, we also offer services that help manage your daily intent:  investment management, budgeting and forecasting, education planning, estate planning, independent insurance review, tax planning & tax preparation are also available as Financial Services for Every Day.

 

Do you tell me how much I can spend?

No. During The Prosperity Experience we work with you side-by-side to create a road map to your financial independence.  The decision to make a detour is completely up to you.  The roadmap you build will give you the confidence to know how a change might impact your overall success. As your Prosperity Coaches, we encourage you to consult with us when making big financial decisions, but we respect your prosperity & your path.

 

How much do I need to retire?

Well, that depends.  There is not a one size fits all number when it comes to retirement. To determine your goal you must analyze many aspects of your ideal retirement. What age you plan to retire? Where do you want to live?  Do you want to travel? Do you plan on leaving an estate? How much can you save now? The list of things to consider goes on. This is why The Prosperity Experience works. We guide you through all of the intricacies of financial planning step-by-step.

 

Will you try to sell me things?

We sell one thing only: The Prosperity Experience — our fee-only financial and life planning process for individuals and businesses. We do not sell insurance, annuities, or anything else.  We have a fiduciary responsibility to you and as your Prosperity Coaches, we want to help you create and maintain your prosperity.

 

Will you invest my money?

We would be happy to serve as your investment advisor.  We develop an asset allocation model & charge a yearly percentage based fee to be your portfolio watchdog. To know how your money should be invested, we have to know you.  Your Prosperity Plan, created as part of The Prosperity Experience, encompasses all of your goals and assists us in determining the right model for you.

 

How do you charge?

We are a fee-only firm. For our comprehensive services, The Prosperity Experience, we charge a flat fee ranging from $1,750 to $7,500, for the first year of service. The size of the fee depends on the complexity of your finances. For investment management services, we charge a percentage based on assets under management. For specialized consulting, we charge based on the hours involved. For a full description of our fees, request an ADV Part II.

 

Can I do the planning process without my spouse?

You may do The Prosperity Experience without your spouse, but we would prefer that you and your spouse do the process together.  In order for a financial plan to work you have to make sure that everyone involved is on board with what it is based upon & where it is going!  In general, collaboration is the best way to achieve and maintain prosperity.

 

How often will you meet with us?

The initial process for The Prosperity Experience will take anywhere from 4 to 8 meetings in a 12 month span.  After that, depending on the level of service you have chosen, we meet with you as little as annually, as frequently as quarterly or when a need arises.

 

Will I work with Mackey McNeill?

Yes and no. At Mackey Advisors we are a team. Unlike other firms, our advice is not dependent on the specific person you work with. The Prosperity Experience was envisioned and created by Mackey and all members of our firm strive to emulate her fine-tuned approach to financial well-being. Our work is focused on achieving your desired results, utilizing the process of the Prosperity Experience. All investment execution is based on a collaborative decision by those registered with the firm to provide such advice.

 

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