Shaun Jones learned the value of money and how best to acquire it when his parents cut him off at the age of 13. It was only natural that he studied finance in college, before embarking on a career as a financial adviser.
Jones went from working at a firm where numerous fees were charged to serving more intimately with clients under a new technologically based, one-fee business model with his new Providence-based Jones Fiduciary Wealth Management. The Pawtucket resident opened his self-staffed, and registered, financial planning and investment advisory firm in the spring, serving customers throughout Rhode Island and Delaware.
Experience played a role, as he spent more than 20 years developing and refining his approach to financial advising. The result was a three-step process that begins with a free audit to uncover a holistic, wealth-building plan free of extra fees.
As a fiduciary, Jones said he is legally obligated to serve the best interests of his clients, saving them 20% to 40% on fees, adhering to fiduciary standards.
That means answering the phone and serving 100 clients in a personable fashion using secure technology and web applications.
Service rates vary between 0.3% and 1.25% of investable assets.
Cassius Shuman is a PBN staff writer. Email him at Shuman@PBN.com.