About the founderFuquay Financial Planning was founded by Tom Formhals, an Investment Advisor Representative with Belpointe Asset Management, LLC, a Registered Investment Advisor.
After a successful career of over 30 years in the computer industry working for leading companies such as Cray Research and Sun Microsystems, I set out to address the very issues that I think are common to many of us. We are so busy working and living our lives that we don't take the time to manage many of the critical elements of our full financial situation. I spend my time thinking about how to budget, how to save, how to invest, and how to address risks so that you don't have to. |
Who We Are |
We are here to help the average person deal with the myriad financial questions that each of us face. More often that not, most people are winging it on their own; some with success, others with doubts. For some it's impossible to tackle all of the financial matters because you are so busy. For others it's unpleasant just to talk about it. Indeed, we find that people are reluctant to talk with a financial planner or adviser, skeptical of what product(s) they are waiting to spring on them, or alternatively uninterested in knowing where they stand financially.
When I began my career as a financial planner and adviser I quickly noted it seemed everywhere I looked I saw the same red flags... Sales reps with something to Sell... and conveniently offered as a solution to your problem. Well, that's why I founded Fuquay Financial Planning. Unlike registered representatives, we are not here to sell you something . We are here to figure out your financial situation and provide advice. Our advice will always be in your best interest. We will give you the information to make an informed decisions on your financial situation. We can help you make better decisions which will improve your life. As a Financial Advisor I have sworn to act as a Fiduciary, i.e. place your interests first. |
how do we get paid |
Fuquay Financial Planning provides financial planning tailored to individual needs. Every engagement begins with a written understanding of what we seek to accomplish, what the fee will be, when payment is due, and agreeing to work together. Our planning services are typically performed on a fixed fee basis, i.e. a single total fee.
If you request us to manage your investment accounts, this service will be provided through Belpointe Asset Management, LLC, a Registered Investment Advisor firm. Investment management services are typically provided for a fee based on the assets to be managed. The fee is expressed as a percentage of the total assets to be managed. These fees are automatically deducted from the accounts on a quarterly basis. This is your money... ask us to explain everything. |
Investment advisory disclosure
Investment Advisory Representative with, and advisory services offered through Belpointe Asset Management, LLC.