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Financial Planning For Pre-Retirees Who Are Feeling Unsure Of Their Financial Future 

As Flat Fee Financial Advisors, We Help Pre-Retirees Make The Best Use Of Their Income And Savings In Order To Make Work Optional.


Organize Your Financial Life | Optimize Your Cash Flow | Map Out Your Financial Future So You Can Focus On Enjoying The Present


  Are You Over 50?  

 

Learn More About Our Unlimited Plan

Early Career Professional?  

 

Learn More About Our By The Gig Plan

Schedule A Free Live Video Demo Of Our Client Experience

Whether you decide to become a client or not, you will walk away with some tips to help you get your financial life in order.


We Believe You Deserve Better Than The "Typical" Client Experience

When we set out to design our client experience we began by doing extensive research into how other financial advice firms operate. We quickly realized that the traditional financial advisor models are too sales-based and complex, riddled with conflicts of interest, and ineffective in helping people achieve their goals. So we decided to create a better way.

How is HCP Wealth Planning Different?


FiduciaryTrustworthy

As CFP®s we are true fiduciaries which means we must ALWAYS put your best interests first.  Because we don't work for Wall Street. We work for YOU.


Flat Fee AdvisorTransparent, Flat Fees

We charge a fixed, flat dollar fee that includes financial planning and investment management because we believe the amount you pay your advisor should be based on the services you actually receive, not how much you invest or what you can afford to pay. 

comprehensive financial planning processCollaborative and Comprehensive

Our planning process is effective in getting real results because it focuses on your entire financial life and puts you in the driver’s seat. We recognize that while we may have professional expertise, you are the expert on your own lives. We unite the two so that we can make good decisions together.

remote financial advisor

Technology

We leverage technology to maximize your experience. Our meetings are conducted online or on the phone. This allows us to meet with you around your busy schedules. All clients get access to our state of the art client portal and app so you can keep track of your financial life from anywhere.


Not Exactly Sure What You Should Be Doing With Your 401(k) or 403(b)?

Check out our ultimate guide to building wealth in your employer-sponsored retirement plans

Comprehensive Financial Advice That Includes More Than Just Investment Management


Our Solutions Include


Investment Management Included 

In addition to helping you select the investments in your employer-sponsored retirement accounts, we strategically manage your other non-employer investment accounts when appropriate (Traditional and Roth IRAs, taxable brokerage accounts, etc).  This service is included in our Unlimited Plan along with all the above services for one simple, flat fee.  

Learn About Our Investment Approach


Ready To Schedule A Free Live Video Demo Of Our Client Experience?

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Simple Flat Fees That Remove Conflicts Of Interest

We Offer Two Flat Fee Service Models

Our Unlimited Plan is for those who are seeking an ongoing relationship that includes financial planning, tax planning, investment management, and more for one all-inclusive fee that doesn't increase just because your portfolio balance increases.  We provide an extremely hands-on and personal client experience. Because of this, we limit the number of households in the Unlimited Plan to forty so we can dedicate the time necessary to deliver a world class experience. For those of you who don't need ongoing professional investment management or just need help getting organized and advice on a few topics, we are happy to provide our "By The Gig" option. 


Which Service Model Is Best For You?

The Unlimited Plan

Through our flat rate billed monthly, we partner with you to address every aspect of your financial life. Together we'll help you organize your finances and create your personal financial portal so you can easily track your entire financial life, anytime, anywhere. We'll help you define your short and long-term goals, and build a plan to achieve them. After that, we will continue to meet at least three times a year to adapt that plan as your life changes. In between those official meetings, you have unlimited access to us and we encourage you to reach out with any concerns or simply to share any good news about the things that are happening in your life. Our unlimited plan includes everything described on our solutions page including investment management

See What's Included

$4500/Year, Billed Monthly  

By The Gig

With this model, each "Gig" consists of at least two hours of meeting time to address your top financial priorities. This service is designed for anyone, regardless of income or net worth. Every "By The Gig" client receives the following services:

  • We will help you organize your finances and create your personal financial portal so you can continuously track your entire financial life 24/7 using our mobile app.
  • We will help you determine your top financial priorities.
  • We will conduct online meetings where we provide custom, straightforward recommendations.  
  • We won't just give you a to-do list. We will help you implement those recommendations
  • After we implement your strategy,  you will receive 30 days of unlimited email follow up in case you have additional questions.
Gigs are priced between $500 and $3000

Do you work with other colleagues who may also be interested in our services? Ask us about our group discount on our most popular "By the Gig" Package


Ready To Get Started?

Schedule Your Complimentary Call




Worried About The Markets?



Organize Your Financial Life



Flat Fee Financial Advisors: The Smartest Way To Pay For Financial Planning

The financial advice industry is riddled with conflicts of interest and and the typical method for charging fees is a big reason why

At HCP Wealth Planning, we believe the fees you pay your advisor should only be based on the expertise and services you receive, not the size of your portfolio. We don't think it's fair that someone should pay an advisor higher fees, just because they have more money. Why is this? Because the little secret that many financial advisors don't want you to know is that it generally doesn't cost them any more time or require any more expertise to manage a $1,000,000 portfolio than it does a $100,000 portfolio.  Just because someone has a larger portfolio, that doesn't automatically mean their financial planning needs are more complex. 

Unfortunately this type of pricing model, which is known as the Assets Under Management (AUM) model, is still the most popular fee method in the industry.  Take a look at the below chart which reflects the difference in fees between our flat fee "Unlimited Plan" option, versus the industry average AUM fees. 

Flat Fee Financial Advisors

 *The AUM fees used in the below chart are from the AdvisoryHQ study, "Average Financial Advisor Fees and Costs, 2019 Report"

Not only does the AUM model create conflicts of interest, it creates incentives for advisors to purposely try to avoid working with younger professionals simply because they don't yet have enough money to invest to make it worth the advisor's time. Many of these younger people need more financial guidance than anyone.  The AUM model is not going to go away unless more consumers demand a better alternative because it generates too much easy income for those advisors. Our mission at HCP Wealth Planning is to  be a leader in the movement towards a better model.

Conflicts of Interest

One of the biggest issues with the traditional AUM model is that it creates many conflicts of interest when the advisor is delivering advice.  

  • Paying off debt:  What happens if it's in your best interest to pay down debt such as student loans or paying down a mortgage? That means less money to invest and less money in your advisor's pocket. They have a financial incentive to recommend you do not pay off that debt.
  • Real Estate Investing: What if it makes more sense for you to diversify some of your savings and create passive income by investing in real estate? Let's say for example you want to spend $200,000 on a rental property. That's $200,000 that could otherwise be in your investment portfolio which means your advisor could be making $2000 per year in fees from that money. Can you trust that advisor to be unbiased when helping you decide if that rental property is a good investment? The same applies if you are considering paying a lump sum to buy into a business. 
  • Inheritance: Over the course of the next couple of decades, the greatest generational wealth transfer will take place. Let's say you inherit an IRA worth $200,000 and it makes sense for your advisor to invest that for you. Should your advisor all of a sudden be paid $2000 more a year because you inherited this money, even though it will barely take them any more time to invest it? What if you inherit $500,000 or even $1,000,000?  Should they all of a sudden be paid $5,000 or $10,000 more per year?
  • Social Security: In many scenarios, it makes sense to delay receiving Social Security benefits until you are eligible for the max benefit at age 70. This can be true even if delaying SS means you have to draw down more of your investments in the mean time. In this instance, your financial advisor has a financial incentive to recommend you take SS as early as possible, to reduce the drawdown of your investments and therefore prevent their fees from decreasing.

The Typical AUM Advisor Excuses:

1) They will tell you that with the AUM model, their fees actually decrease if your portfolio value decreases.  So this provides them extra incentive to get you the best returns as compared to a flat fee advisor. There are multiple issues with this excuse:

  • Sure, over a short period of time, the markets may drop and your portfolio may decrease in value, so your advisor's fees temporarily decrease. But if you have a long term relationship with your advisor, odds are that over time, your portfolio value will increase and therefore your fees will increase. This is true even accounting for short term market corrections.  In fact, after every single stock market correction in history, the market has gone on to reach all time highs. 
  • If your advisor's fees stand to increase if your portfolio balance grows, don't they a financial incentive to take on more risk in order to try to achieve higher returns?

2) They will say that a flat fee financial advisor has no financial incentive to try to get you the best returns on your investments since flat fee advisors get paid the same no matter how your portfolio is performing.

  • This couldn't be any further from the truth. Most flat fee advisors charge their fees on a monthly or quarterly basis. What's more, is these fees are right in your face since you usually pay them with a debit or credit credit card, or as a recurring draft out of your checking account.  Under the flat fee model, you know EXACTLY how much you are paying your advisor, and if you aren't happy with any part of your service, portfolio performance or otherwise, you can simply cancel the relationship before the next month's payment.  This creates extra pressure for a flat fee advisor to deliver an amazing client experience.
  • The majority of clients who work with an AUM advisor could not tell you exactly how much in dollar terms they paid their advisor last quarter. This is because those fees are buried in account statements that you probably won't look at and it's unlikely that advisor is going to be proactive in explicitly telling you how much you paid.  This is less likely to happen when you see the transaction fees on your bank account statements every month. 

If 100% of your advisor's fees are based on your investments, how much time are they really going to want to spend discussing and helping you with other aspects of your life that are just as important?


At HCP Wealth Planning, we believe that creating and maintaining a suitable investment strategy needs to be a part of the financial planning process, but not the only part.  Our flat fee solutions include helping you with every aspect of your financial life.  Whether you already have over $500,000 in investments, or are just getting started with investing, our unique "Unlimited Plan" and "By the Gig" flat fee models allow us to provide you custom, comprehensive financial advice. 

Ready To Schedule A Complimentary Phone Call To Learn More?


How Does It All Work?

Where Do You Begin?

Whether you are looking for an ongoing relationship or help with a one-time project, we always start off each relationship the same way...


Unlimited Plan Clients:

Once we build out your financial foundation and address everything on the agreed upon initial to do list (we will hold as many meetings as necessary to do this), we will hold three official meetings each calendar year. In between, we will proactively stay in contact with you via email.  We also highly encourage you to reach out to us in between each official meeting whenever you feel the need. This could be because you have experienced a life event, you are contemplating a life change, you have concerns about your plan, the markets, or anything else. We also love to simply hear from you about any positive changes or events that have happened in your life.


By The Gig Clients:

Step 1: Before our official online meeting we will help you determine your top priorities and provide an agreed upon scope of engagement which will include what topics will be discussed in the meeting, and the price. 

Step 2: We help you organize your finances and create your personal financial portal.

Step 3: We conduct online video meetings where we provide custom, straightforward recommendations based on your top financial priorities. 

Step 4: We help you you implement the recommendations.

Step 5: You can take advantage of having 30 days of unlimited email follow up if you end up having any additional questions. 

Step 6: You can continue to track your financial life and progress towards your goals in your personal financial portal using our custom app.


Ready To Take The First Step?

Let's Get Started

We Believe Financial Advice Should Be Free Of Product Sales

Financial Advisors Based In Jacksonville, FL and Serving Clients Nationwide


"I believe REAL financial advice should be about more than just your investments and it should be free of product sales. It should be about connecting whatever resources you have with the life you truly want to live.

Kevin Burkle, CFP® and CSLP® Photo Kevin Burkle, CFP® and CSLP® Hover Photo

Kevin Burkle, CFP® and CSLP®

Founder | Financial Planner


P: 904-419-3784
kevinburkle@hcpwealth.com


Proud Member Of:

Why Did I Start HCP Wealth Planning?

The longer I've been in the financial advice industry, the more it has become clear to me that it needs to change if advisors ever want it to be a truly trusted profession. When I made the decision to found HCP Wealth Planning, I embarked on a mission to create a more effective financial planning experience that eliminates the sales-based advice and conflicts of interest that plague our industry. That's what led me to a flat-fee model.  Since I'm married to a registered nurse, and I'm the son of a nurse and pharmacist, HCP Wealth was initially created to help healthcare professionals achieve their financial goals.  Since then, we have expanded access to our services to anyone who believes in the value of receiving custom financial advice from an experienced fiduciary.  

My Background

I grew up in North Carolina, but I currently live in Jacksonville, FL with my wife Melissa, our daughter Cameron and our mini schnauzer, Louie. My passion for finance began in high school, when I started following the stock market just before the dotcom crash and quickly learned the importance of diversification. Eventually, this led me to obtaining a degree in finance from North Carolina State University. Upon graduation I spent the next twelve years working for one of the major brokerage firms where a lot of my time was spent doing providing financial advice to employees of some of the largest hospital systems in the country.  

I live close to the beach and I love to simply spend time out there with my family and friends.  I'm a die-hard football fan (still working on turning my wife into the same) and I actually do enjoy going on long runs on a regular basis. The past few years I've been attempting to make myself a better cook and I really enjoy trying out new recipes. Any time spent playing with my daughter is my favorite part of each day.

Who Do I Help?

I offer two unique service models for two unique types of clients: People over 50 who need help preparing for and transitioning through retirement, and young professionals who need help building a foundation of wealth. Both types of clients are seeking custom financial guidance from a professional they can trust. Together, we work towards organizing your financial life and defining short and long term goals. We then create a plan that continues to  adapt and grow with you as you experience significant life events and you go from growing your family and career to transitioning to retirement.

What Are My Designations?

I became a CERTIFIED FINANCIAL PLANNER™ (CFP®)  in 2012.   After that I realized just how much my generation is struggling with student loan debt.  It also became clear that there are not a lot of financial advisors out there who are qualified to help with what is increasingly becoming the number one financial priority for medical professionals.  I wanted to make sure I had the expertise to competently identify the best student loan debt strategies for my clients, so I became a Certified Student Loan Professional (CSLP®).

See How I Can Make a Difference in Your Financial Wellness


Our Mission

We are dedicated to making REAL financial advice available to everyone, regardless of their wealth or stage in life. With our flat fee-only model, we strive to be a part of the growing movement in the financial advice industry that is eliminating the sales and conflicts of interest that give financial advisors a bad reputation.


Our Philosophy Is Simple.

We believe being wealthy is about more than just having money.  It's about achieving the sense of fulfillment that comes from knowing whatever money you do have is actually being used to fuel the things in life that bring you true happiness.


It's Important to Put Your Best Interests First

A financial planning relationship should have nothing to do with sales.

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Getting financial advice should be like getting advice from a CPA or an attorney. You agree to pay a set, flat fee and then that professional gives you the best advice possible without consideration of anything other than what is in your best interest.

Financial Planning Is a Continuous Journey

We believe success comes when we engage regularly to adapt your plan when life unfolds.

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We understand that people change. Priorities shift and life throws you curve balls. Whether you are proactively considering a major life event or one happens unexpectedly, we will always be there to make sure your plan still puts you in the best possible position to achieve your goals.

Disciplined & Focused on What You Can Control

Our strategies align with what really matters most - your goals.

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This involves:

  1. Investing in a diversified portfolio that reflects an appropriate level of risk for your situation.
  2. Keeping your investment fees as low as possible.
  3. Staying disciplined in your investment approach and blocking out the financial headlines from the news and social media.


You Deserve to Have Someone Supportive & Experienced on Your Side


See What We Can Do For You



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Nurse Your Wealth: Free On-Demand Personal Finance Learning Modules

The concept is simple.  Increase your financial literacy.  Increase your financial wellness.  These easy to digest, on-demand modules will teach you the core concepts of the following:

Financial Wellness

Ready to take your financial wellness into your own hands? 

Click on the link below for whichever module you want to start with. (Don't forget to bookmark this page for future reference as we will continuously be adding new modules)

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Let's See How We Can Help

Whether you’re looking for a phone call, an in-person meeting, or simply want to send us a message, feel free to give us a call or submit the form below. 



 2008 Florida Blvd Neptune Beach FL 32266

Phone

904-419-3784

Email

kevinburkle@hcpwealth.com

View our calendar to schedule a call or video-conference