Frequently Asked Questions

What is the CERTIFIED FINANCIAL PLANNER™ Certification?

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CFP® Professionals are advisors that meet rigorous educational and experience requirements and are held to the highest ethical and professional standards in the industry. CFP® Professionals must master nearly 100 integrated financial planning topics including:

• Investment planning

• Tax Planning

• Insurance Planning

• Retirement planning

• Estate Planning

• Financial Management

Visit letsmakeaplan.org for more information about the CFP® Certification

How are registered investment advisors different than broker-dealers?

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Ultimately all financial planners and financial advisors who manage assets (other than annuities or life insurance) fall into one of two categories: They can either be registered investment advisors (RIAs) or registered representatives that work for a broker-dealer. RIAs, such as Wild Rye Financial, are held to a fiduciary standard while registered representatives of broker-dealers are not.

What does fee-only mean?

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Wild Rye Financial is a fee-only financial advisory firm. This means we only get paid through fees charged to our clients and do not make any money from commissions or selling products.

What is a fiduciary financial advisor?

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Advisors that adhere to the fiduciary standard must place the best interests of the client before their own interests. Not all advisors adhere to the fiduciary standard, but Wild Rye Financial does. We believe operating with full transparency is the best practice.

How does a registered investment advisor work with an asset custodian?

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Registered Investment Advisory Firms such as Wild Rye Financial use third party asset custodian to maintain and secure client assets and holdings. The majority of RIAs use the Big Four broker-dealer firms: Schwab, Fidelity, and Pershing Advisor Solutions. These custodians must keep each of the RIA's client accounts separate.

Does Wealthnest Financial have minimums?

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It generally makes sense for people to hire a holistic financial advisor when they reach $500k in assets. Wild Rye Financials minimums fall between $500K-750k, depending on account structure and personal circumstances.