Faqs

You may be a good fit for our services if…

• Work is optional. We excel in serving those who are financially independent (or will be soon).
• You are open to going through an extensive discovery process to help us form the foundation of a client-advisor relationship built on trust and confidence.
• You are open to a proactive, collaborative approach to health care, tax and investment planning, and you wish to outsource investment management to a qualified advisor.
• Both you and your spouse/partner (if applicable) are willing to be active participants in the financial planning process.
• You are age 55 or older and do not own a business.
• You do not have any international tax planning needs.
• You want to work with an advisor who provides organization, accountability, objectivity, proactivity, education and partnership.
• Your net worth is between $2 million and $10 million.

Yes, Discovery Wealth Planning LLC is a fee-only advisor.

We charge a simple, straightforward fee for our wealth planning services and investment management, which means we receive no product commissions or other sales-related compensation. Our only compensation comes directly from clients.

Yes, Discovery Wealth Planning serves as a financial fiduciary.

As a CERTIFIED FINANCIAL PLANNER™ professional, our founder and lead advisor, Chris Urban, must act in the best interests of clients, at all times and in all situations. As a financial fiduciary, he is held to the following duties:

• Duty of Loyalty– As a CFP® professional, Chris must place the interests of his clients above his own, avoid (or fully disclose) conflicts of interest and receive clients’ informed consent.
• Duty of Care– Chris must act with the care, skill, prudence and diligence that a prudent professional would exercise in light of a client’s goals, risk tolerance, objectives, and financial and personal circumstances.
• Duty to Follow Client Instructions– Chris must comply with all objectives, policies, restrictions and other terms of the engagement and all reasonable and lawful directions of his clients.²

Reference: https://www.cfp.net/-/media/files/cfp-board/standards-and-ethics/cfp-code-and-standards.pdf

We are available to review your existing insurance policies to help ensure proper life, health, disability and/or long-term care coverage. We may utilize the services of a third-party provider to assist with our insurance planning services. Clients are not required to utilize any third-party products or services that we may recommend. We also support clients in making changes to their insurance policies.

We do not offer estate planning services; however, we work closely with our clients’ trusted estate planning attorneys. We are also happy to make an introduction to a qualified estate planning attorney, if necessary.

No. Currently, we only offer ACH payment via electronic funds transfer. Clients link their bank account for automatic, monthly debiting. This is done via a secure, compliant, third-party platform.

Scheduled meetings occur once per quarter; however, we are always accessible and available by phone and email should anything come up. We want to be your first phone call.

We are available to meet at one of three places:

1. Your home
2. Our office – 1660 International Drive, Suite 600, McLean, VA 22102
3. Virtually by video call

We conduct meetings either in person or virtually, based on your preference.