Event Information

Friday Soup ‘n Cinema
Join us at these free events offering a light meal, a thought-provoking movie and stimulating conversation. Please check our calendar on the right side of our pages for upcoming dates.

Calendar of Events

Check out Waterstone’s calendar of events for fun and informative gatherings.

Frequently Asked Questions

Please click on any blue bar to see the answer to the question.

  • Not every financial planner is certified, and there is no governing body regulating the “financial planner” title.

    A Certified Financial Planner is a professional who has successfully completed the requirements of the CFP® designation as defined by the CFP Board. This includes completing a course of study, successfully passing the certification exam, acquiring hands-on experience with clients, and complying with ethical and professional responsibility standards.

    CERTIFIED FINANCIAL PLANNER® professionals are uniquely qualified to help you pull your finances together, solve financial problems, and make a plan to achieve your financial goals.

  • Financial planning is the process of understanding your financial goals, knowing when you will need to use your money, and what you will be using it for. That information then drives the development a plan of action with specific steps you need to take to achieve those goals.

    A good financial planner will give you advice across a range of topics as they are relevant to you and your situation:

    • What you need to differently
    • How much you need to save
    • What types of retirement accounts to use (IRA, ROTH, 401(k), etc.)
    • How much to keep in your emergency fund
    • What changes might improve your tax situation
    • What rate of return you will need to earn to achieve your goals over a given time frame

    At Waterstone Financial Services, we approach this process with your life goals in mind as well. We are also prepared to help you manage the changes in your money that happen because of changes in your life.

    A comprehensive financial planning approach considers all areas of your financial situation in the formation of your personal strategy.

    If you do not consider all aspects of the plan, one area may be adversely affected by isolated decisions, leaving you with an undesired result. For example, when reviewing your asset allocation strategy you must consider the income tax consequences of changes made in the investment accounts.

  • Even with the rapid changes our economy is experiencing, it still makes sense to follow a process to figure out these hard questions. We have a flexible yet comprehensive process that we walk through with our clients. This process helps them in two ways:

    1. They learn as they go through the process, which empowers them to make decisions.
    2. The process is repeatable and adjustable as needed to meet changing needs and economic conditions.
  • Yes. People who need more sophisticated financial planning or advice will find our services appealing and beneficial.

  • Once you have selected a new advisor whom you want to work with, the process to transfer your investments is straightforward. Generally, your new advisor will ask for specific information about your current investment accounts. Then he or she will ask you to complete paperwork that gives them permission to transfer the funds in accordance with your wishes.

  • There are basically two paths to develop such a plan: do it yourself, or work with a qualified financial advisor. However, the decision of which way to go can be complicated. Here are some things to consider:

    • How much time and effort are you willing to invest in learning about the stock markets, other investment types/opportunities, and economic conditions? Both initially and on an ongoing basis?
    • Are you willing to document where you have put the money, account numbers, logins and passwords, and related information so your family can locate it should something happen to you?
    • What are your thoughts about financial wins and losses? It’s much easier, of course, to accept the former. However, the latter are inevitable as well.

    We suggest you read books and web sites on the subject of investing to familiarize yourself with what’s involved before investing on your own.

    If you are ready to consider working with a financial advisor, we would be happy to talk with you. Contact us.

Contact Waterstone Financial Services for a complimentary initial consultation.

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