360 Wealth Consulting FAQs

Name: 360 Wealth Consulting, LLC
Price range: $$$

March 21, 2024 No Comments

360 Wealth Consulting Frequently Asked Questions

Frequently Asked Questions – We take your financial path just as seriously as you do, and want you to feel comfortable knowing your financial goals will be achieved. Take a look at our frequently asked questions below and reach out today!

360 Wealth Consulting FAQs

frequently asked questions about 360 wealth consulting

360 Wealth Consulting FAQs –

Explore our frequently asked questions to learn about our services, expertise, fees, and personalized financial planning. Discover how we manage investments, plan for retirement, optimize taxes, and mitigate risks. Get the answers you need to make smart decisions about your wealth management journey.

The 360 team holds the designation of Registered Financial Consultant (RFC) credential from the International Association of Registered Financial Consultants (IARFC®). Not all financial planner are created equally. An RFC is more than a financial planner — he or she is an accountant with the powerful combination of tax expertise and comprehensive knowledge of financial planning. This knowledge is critical to obtaining the most valuable, objective data-driven advice possible.

FAQs

What does your typical client look like?
Our typical clients are:

Business Owners profitting $750K+

Individuals wanting to master investing opportunities with $250K+

Someone who qualifies as an accredited investor

Our core client base in our firm is business owners and Baby Boomers. Our clients generally meet the threshold of an Accredited Investor. We have also worked with younger clients that have saved well and want to preserve their assets throughout their lives.

Business Owners

Our ideal business owner is an established business looking to find smart strategies with their current revenue. They are looking to lower their tax liabilities and keep more assets in their business or their family.

Baby Boomers

360 will engage households with a soft minimum of $500,000-$1,500,000 of investable assets preparing to retire. Normally, this is a client 55 years and older who is preparing to retire.

*$500,000 is a soft minimum; however, exceptions can be made. Please reach out and let’s discuss your current situation.
How are you different?
While most accounting firms focus on compliance, we focus on tax planning. Tax planning is a core part to wealth management.

Proper Wealth Management Includes:

Assets

Investments

Businesses Owned

Liability Management

Risk Management

Insurance

Tax Management

Wealth consulting covers every facet of your financial landscape.

You can get a financial advisor, but they generally do not handle tax managements. You can also have an accountant, but they do not have knowledge of investments.

We merge the two essential services under one house, creating a better wealth strategy powerhouse.
What is your process?

We start with Tax Planning because that is usually a high-earner’s largest cost. It is not uncommon to see $85k dollar tax bill. Most business owners drop off their tax documents without strategizing. We see missed deductions all the time.

We can usually end up saving $20-30k for our clients. (Although we have seen up to $150k!)

Steps:

1. Find your savings!

2. We implement strategies discussed for year-long savings

3. Risk Management

4. On-Going Quarterly Check-ins
What is an accredited advisor?

Accredited advisors, including CFPs, CFAs, or CPAs/PFS, possess recognized expertise in financial planning and investment management. It’s crucial to ensure that your advisor’s credentials align with your needs and standards, as they’re expected to uphold ethical standards and continually pursue education to stay current in their field.
Are you a fiduciary?
Are you taking new clients?
What locations do you serve?
Are you a CPA?

No. As a fiduciary, my role differs from that of a CPA. While CPAs focus on providing accounting services and adhere to professional standards and ethical guidelines, fiduciaries have a legal obligation to prioritize the best interests of their clients or beneficiaries.
What is your pricing model?
What is a Registered Financial Consultant?
What is an accountant

Accounting is defined by Investopedia as, “The process of recording financial transactions pertaining to a business.” However, many businesses with revenues between $750,000 and $5,000,000 fail to maintain proper transaction records. To address this gap, we established 360+. Accredited Investors, including high-net-worth and ultra-high-net-worth households, require meticulous accounting services. By ensuring accurate transaction recording, we can make informed, proactive decisions instead of resorting to potentially more costly reactive resolutions.
What is your company policy on the privacy of your clients?
How do you view security at 360 Wealth Consulting?

Security is of utmost importance in this day and age. Accountants and Investment Advisors have strict technology compliance for client safety. We have contracted RapidScale for all of our IT needs. They specialize in accounting and financial consulting firms. With RapidScale, their infrastructure is always connected to our devices to receive warnings for any issues. We have modern equipment and technology, with security being our top priority.

If you have additional questions, speak with one of our experts today.

Email Us

Near Real-Time Bookkeeping

On-Demand Reporting

Financial Consulting Support

Integrated Payroll Services

Quarterly Tax Filings

Estimated Taxes & Returns

360 Wealth Consulting FAQs

360 Wealth Consulting FAQs

360 Wealth Consulting FAQs –

FAQs

Our typical clients are:

Business Owners

Baby Boomers

Proper Wealth Management Includes:

Wealth consulting covers every facet of your financial landscape.

Steps:

If you have additional questions, speak with one of our experts today.

Related

Michael