Frequently Asked Questions

• You're a high income earner with very little free time/energy, and are looking for a tax-focused financial planner to help you reach your financial goals quicker, more efficiently, and with less headache than you could do on your own.  
  
  

• You want to work with a firm that specializes in working with Mid-Career (35-55) High Income Earning Individuals and Families with competing financial priorities and expensive financial goals. 
  
  

• You are looking for a trusted partner to coach you through major life events (buying a home, having children, changing jobs, planning for early retirement etc.), and want to talk through different scenarios as your life evolves.  

If this all sounds like you, well, we don’t believe there is a better firm for you to be working with than Drucker Wealth!

Yes, Drucker Wealth is a fiduciary, which means we have a duty to operate in the best interest of each and every client. Not all financial advisors & brokers operate under a fiduciary standard – and, while we think this should be the expectation for someone that handles your money, it isn’t.  

The fact that we are a fiduciary is NOT the reason to hire us (it’s really the bare minimum in our eyes)...but you shouldn’t consider anyone that isn’t!  

As an aside: no advisor (or professional in any business, for that matter) is 100% free of conflict (you should probably run from anyone who claims they are) but we do our absolute best to minimize these conflicts and to always be transparent about those that are unavoidable when they are present. 

 We charge an all-inclusive AUM fee for investment management, financial planning, tax planning & protection planning coordination. We believe charging one fee for a full service & long term relationship is the best way of serving our clients. 

As part of our regular service calendar, all clients will meet with their Lead Planner twice per year (Fall & Spring Reviews) and will connect with our Tax Team for tax projections & planning throughout the year as well. Of course, these two meetings are a minimum...not a maximum! Your lead planner is available to update & modify your financial plan based on changes/opportunities in your life. Tax filing services are offered by our sister firm, Drucker Tax, and is only available to Drucker Wealth Ongoing clients for a separate fee.  

We may receive commission from some of the elements of your plan we implement...we don’t think “outsourcing” any part of the plan, regardless of the payment structure, is in your best interest....and you will always know when this is happens. 

Yes!

We are a comprehensive, full-service firm- we believe we can only do our best work if we oversee ALL aspects of your planning: investment management, financial planning, and tax planning. As such, we do not offer “one-off” plan updates, hourly consulting, or any other ongoing planning structure without investment management as a component.  

All of that said, moving your assets to be managed by Drucker Wealth (and held at one of our chosen custodian partners) does not mean you have to sell any of your positions. We bring over all client assets "in-kind" which means your portfolio comes over exactly as it currently is. We only make changes after we've laid out (and you've approved) your personal investment program.

We do not have a minimum account size, but we do have a minimum household fee to ensure that all clients receive the same core services and that our larger clients aren’t subsidizing our smaller client relationships. This fee is currently $7,500 annually.  

So, for example, if a client only has $500k of assets but wants our ongoing services, we would charge them $7,500 annually as a flat fee until they cross $750,000 of assets under our management, at which point they will move to our regular fee schedule.  

We have plenty of clients who have done this as they grow their assets to this “minimum” amount.

We use well-known third-party custodians to custody & safeguard our clients’ assets.  

We use Altruist LLC and Fidelity as our chosen partners.  

Unlike advisors that work “for” a custodian (IE: they are a “Fidelity advisor)  or work for a bank, insurance company or other big box firm...Drucker Wealth is an Independent Adviser and can partner with ANY third-party custodian, technology platform, or investment funds that we believe make the most sense for OUR clients.  

We believe that owning a globally diversified portfolio of equity (stock market) investments is the surest way to grow your wealth and outpace inflation and that the single most important decision an investor has to make is in their relative allocation to stocks compared to bonds, cash or any other asset class. We believe that markets are efficient and attempting to “beat’ the stock market through active stock selection is both impossible AND unnecessary towards reaching your investment goals.  

We are therefore passive investors and are focused on increasing after-tax returns through tax-focused strategies like asset location, tax loss harvesting, custom indexing, and drift-based rebalancing.  

We primarily use Vanguard & Dimensional Funds as our chosen investment funds because they are low-cost, tax-efficient, and have a proven track record. 

Personal finance is a lot more personal than finance. The best tax strategies, investment vehicles, and estate structures don’t mean much if the cost of your goals outpaces your income, if your spending inflates higher than your saving rate, and if you’re constantly chasing the latest TikTok investment or tax fad!  

We like to focus on what we can control and spend zero time thinking about what we can’t. As such, we do not prognosticate about the markets, individual stocks, or the next 6 months...we exclusively focus on saving & investing in ways that have stood the test of time.  

Every client of Drucker Wealth works with a specific advisor team. They have their lead financial planner who runs the relationship, their associate financial planner who supports the relationship, and their client service lead who helps make sure everything that’s spoken about gets done!  

This three-pronged approach is what allows us to maximize our client experience and to make sure we can sustain the high level of client service that we are known for.  

We also have also built an exceptional in-house team of CPA’s & Estate Experts that partner with you and your advisor team throughout the year.  

The truth is that it’s impossible to purely measure our value in dollars or cost savings...and all financial planners know this...whether they're willing to say so or not!

For sure, there will be some individual actions an advisor can take that can be measured in dollar savings (tax losses harvested, lower fund costs, less cash drag, Roth Conversion savings etc. ) but the vast majority of the value we provide can’t be measured.

A big part of what we’re providing is peace of mind, convenience, organization, and confidence. Those are quality of life improvements that are impossible to quantify and people assess these benefits differently. 

Only you will know whether you’ve gotten your money’s worth from working with a financial advisor.  And in our experience, you'll know you did when it hits you that you no longer worry about money, your investments, or that creeping feeling that there's something you're "missing."  

Simply put, hiring us means having a rational & proactive approach to your money & a committed financial partner to coordinate your financial life....that's what you're paying for. 

We wholeheartedly believe our value far surpasses our fee...but, ultimately, each client has to make that decision for themselves! 

We have been in business since 1959, and we’ve had the same phone number for 3 decades. As such, we KNOW there are certain core philosophies, money stories, and timeless lessons that hold up over time.  

Needing to meet in person is NOT one of them!  

We conduct all our meetings over Zoom: We have clients (and team members) all around the country, and your financial planning portal is our “office.”   The move to virtual meetings is a wonderful thing. You no longer need to work with the advisor who is “geographically convenient." Instead, you can work with an advisor who specializes in EXACTLY what you are looking for. 

Our team is made up of some pretty awesome and intelligent individuals. Our team is comprised of the following professionals:

• 5 Retirement Income Certified Planners® (RICP®)
• 5 CERTIFIED FINANCIAL PLANNERS™ (CFP®)
• 2 CPAs
• 1 Personal Financial Specialist (PFS™)
• 1 JD
• 1 Chartered Life Underwriter (CLU®)
• 1 Chartered Financial Educator (CFEd®)
• 1 Chartered Financial Consultant (ChFC®)