How do I get started?
Will I be working with a dedicated financial planner?
Yes! When you hire Clarity Capital Management, you engage in an ongoing relationship with Ryan Mohr, CFP®. Ryan will meet with you regularly and tailor your financial plans to fit your unique financial goals, risk tolerance and life stage. He will then guide you through the specific steps needed to implement the plan and coach you throughout the process.
How do you get paid?
I am a fee-only financial planner, which means my only compensation comes from the services I provide to you. I do not get paid any commissions, kick backs, “trails,” or any other fees other than from the fees I charge you. I am held to the fiduciary standard, which means I have to act in your best interest regardless of the compensation I receive. I believe this is the fairest form of compensation and aligns my interests with yours. To learn more about my services and pricing, click here.
How much do I need to open an account?
We believe everyone should have access to intelligent and objective financial advice. At Clarity Capital Management, we serve clients from all backgrounds and walks of life -- no minimum assets necessary
What is your investment philosophy?
I believe in passive investment management. I don’t believe that you can consistently beat the market, but I think that you are entitled to get market rates of return. I believe in keeping your investment fees as low as possible, harvesting losses when applicable, and rebalancing when appropriate. I believe you should focus on the things you can control, like how much risk are you comfortable with, using compounding growth to its full potential and minimizing your taxes. Learn more about our investment management services here.
What does financial planning cover?
Here’s a pretty comprehensive list of topics we will talk about. Though the fun always comes when you bring something unusual to the table!
Identifying Goals. This is the raison d’etre of financial planning. Whether your goal is “Get my child through college with no debt” or “Retire early” or “Take an annual family vacation.” Knowing where you are now is the necessary first step to reaching your goals.
Risk Management. This term is often used simply as a synonym for “insurance,” but it is so much more: ample cash reserves, adequate savings rate, estate planning documents to care for your family, an appropriate investment portfolio..
Real Estate Planning Strategies. You might have a lot of your net worth tied up in real estate, especially your primary residence, and especially if you live in a high-cost-of-living area. We look at the role that real estate plays in your total financial picture and how to best balance the risks and potential rewards of real estate ownership with those of your investment portfolio and the rest of your financial picture.
College Preparation. No matter how old your child is, there’s something we could be doing to prepare for the cost of his or her education, either savings or ways to lower the cost. I can help you figure this out your best strategy at every strategy, and can even help review your financial picture as it relates to eligibility for financial aid.
Employee Benefits Optimization. October and November of every year is usually a stressful time: Open Enrollment. 401(k) contributions, life insurance, employee stock purchase plans, legal services...the list is long. We review your benefits and determine whether you are taking full advantage of the benefits available to you.
Stock Compensation. Stock options, restricted stock units, employee stock purchase plans, and so on: these all have different tax consequences, different risks, and they all affect your financial picture differently. We review your available stock compensation and advise you on how it could best serve your goals.
Estate Planning. For most people with young families, estate planning is first and foremost a way of protecting your children in case anything happens to you. I can help identify needs in your existing estate plan and coordinate with your attorney to ensure that your estate plan works well with your overall financial plan.
Investment Analysis. Do you have investments spread all over the place--your 401(k), your spouse’s, an investment account, a savings account, a CD, a 529--and little idea how they all work together? I provide a high-level view of your entire portfolio as it exists today and recommend how to tailor it to better meet your goals. I can also explain how various investment vehicles and strategies work.
Cash Flow Management. We review your income and expenses to determine how much or how little you are saving, how much you should be saving, and where. I can help you set up a system for saving that is automatic and makes it easy to stick to your plan. If you have debt, we can also advise you on how best to pay down debts.
Retirement Planning. Though you are probably still years away from retirement, retirement planning cannot wait until you’re 60. I look at when you are likely to achieve financial independence given your current savings and spending goals, and we adjust your plan to get you back on track if necessary.
Tax Planning Strategies. I want you to understand your taxes and how they interact with the rest of your finances. I also look for ways to minimize current and future income taxes as a part of your overall financial planning picture. A knowledge of your tax situation will help guide strategy for investing, income, philanthropy. I coordinate with your tax professional to make sure your tax decisions work well with the rest of your financial plan.
Who is your typical client?
My typical client is a young professional, or family, who is smart, driven, and enjoys living life. You may be able to manage your own finances effectively if you put the time and effort into it. But because of the inherent emotional aspects of managing your finances, specifically the fear of the markets, and the time commitment required, you prefer to delegate the financial stressors in your life to a professional.