Root Financial

Do I have enough money to become a client?

Root Financial primarily works with clients who have built portfolios of at least $1 million (excluding current 401(k)s if under age 59.5, real estate, and 529 plans) and are ready to delegate. All advisory relationships are subject to a $10,000 minimum annual fee. If an asset-based billing isn't available for complex situations, a flat-fee planning arrangement may be recommended. If Root Financial is not the right fit, they will strive to answer your questions and provide appropriate referrals.

What can I expect if we work together?

The process begins with an Explore Call to assess mutual fit. Upon becoming a client, you will start your journey through the Sequoia System, which involves multiple focused meetings to establish your goals, and review income, investments, taxes, and insurance/estate planning. Clients receive ongoing service with at least two comprehensive review meetings annually, complemented by weekly educational emails, videos, and podcasts. Root Financial's headquarters is in Southern California, but they primarily work remotely with clients throughout the United States.

How do you get paid, and what are your fees?

Root Financial operates on a transparent, tiered percentage-based fee structure, calculated on the value of the investments they manage. Fees start at 1% for the first $1,000,000 and decrease as managed assets grow. Billing is conducted monthly. They are fee-only advisors, meaning there are no commissions, kickbacks, hidden fees, or additional charges for the tax and estate planning advice they provide.

Where will my money be held?

Your money is typically held at an independent, third-party custodian such as Charles Schwab. The accounts remain in your name, and Root Financial acts as your advisor with limited authority to manage them on your behalf. They do not work for Schwab or earn commissions, ensuring that every recommendation made is solely in your best interest.

Do you offer proactive tax planning?

Yes, Root Financial focuses on proactive tax planning rather than tax preparation. They help clients identify opportunities such as Roth conversions, tax gain/loss harvesting, charitable giving strategies, and optimizing income to manage healthcare costs or subsidies. While they do not file your taxes, they collaborate closely with your CPA to ensure all strategies are implemented smoothly and strategically in line with your broader financial goals.

Do I have to commit long-term?

No long-term commitment is required. Root Financial's services are billed monthly, and clients can cancel at any time with just an email. The firm aims to earn your continued trust and business by consistently demonstrating value and delivering excellent service, rather than relying on long-term contracts.

How do you meet with clients located across the country?

While Root Financial's headquarters is in Encinitas, CA, they meet virtually via Zoom with all clients. This allows the firm to hire highly qualified advisors based on their experience and expertise, rather than limiting their team to a specific geographic location, ensuring clients receive top-tier advice regardless of where they reside in the United States.