Not everyone knows what they want to do when they enter the workforce, but I sure did. Because I always had an affinity for numbers and math, I started investing for fun while in high school. That led to me studying business & finance in college, earning a Bachelors degree from Arizona State University. By the time I graduated, I knew I wanted to work in the financial industry. However, a strong love of golf pulled me in a different direction, and I was a professional golfer for a few years before landing at The Vanguard Group. While working, I earned my MBA in Financial Planning from California Lutheran University, along with all of the licenses required for the profession. Of course, I also continue to play golf as an amateur, which I still enjoy as a member of Superstition Mountain Country Club in Gold Canyon.
My time at Vanguard was invaluable. I gained a solid foundation of knowledge and in relationship-building. I worked my way up over the course of the next decade, eventually managing a $2.5 billion book of business for 600 high-net-worth families. I also built portfolios for the advisors who needed guidance on behalf of their clients. All of this happened during the Great Recession and other financial ups and downs. It was an invaluable training ground.
After leaving Vanguard, I moved briefly—very briefly—to another large investment firm. But after seeing their approach, which included hiding the true fees from clients and selling products and services regardless whether they were in the best interests of clients, I knew it was not the right fit. Their values did not align with my own values. I launched Newman’s Financial Planning with the goal of being fair and transparent in all of my interactions.
My passion with my business is truly to help my clients achieve financial success and exceed their goals. I am gratified when I am able to educate clients about the value I can provide in helping them to obtain their goals. It’s not uncommon for me to chat for hours with my clients about the market and different portfolio strategies. As an independent financial planner, I help my clients save thousands of dollars in unnecessary fees from working with the big firms—and I provide them with a personalized and individualized experience.
Outside of the office, I am married to my high school sweetheart and the proud father of our two sons, Luke and Jake.
When you work with Newman’s Financial Planning, you work with Will Newman. Me. My name is on the line. And I don’t take that lightly. My transparent fee schedule allows you to see your costs up front, so you know exactly what you’re getting and can make smart, educated decisions as to how your money will be managed. With my personalized service, I work with you every step of the way to ensure a comfortable, seamless, and honest investment plan.
I build long-term, low-cost portfolios that are tailored to you, your risk tolerance, and financial goals. By doing this, I’m able to keep the cost as low as possible, which means you keep more of your returns. Another way I keep costs low is by trading less. I target asset allocation first and then monitor and rebalance quarterly. Plus, when I do any trading, I pay your trading costs; it’s all included in the fee structure.
Clients often ask how I get paid. It’s simple: 100% of my compensation comes from the client. I don’t accept commissions. In comparison, nearly 90% of all financial advisors are not fee based. In fact, even the ones who purport themselves to be often have arrangements with certain companies to receive additional commissions when they sell their products. Not here.
As an army of one, I have a much lower overhead than the larger firms. And that savings is evident in how I charge you, my client. Typically speaking, my fees will be up to 50% less than those of my competitors. You pay less, but you get the personalized relationship you want. Other advisors tell their clients when they’re going to meet, but I ask when and how you want to hear from me. I let you control the relationship; I work for you.
All of your investments with Newman’s Financial Planning are held at Wells Fargo Clearing, who acts as custodian. I act as the advisor of record and manage the funds, but I do not retain any money personally.
To learn more, email me your current statement so I can run a comparison report. Most times, I can save clients 1–2% annually by moving them into the lowest-cost investments available.