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Garrett M Prom CFP CRPC Financial Planner nationwide and in Austin Texas


"Always representing your best interests by acting as a fiduciary has ALWAYS been the foundation of what I do. This was the case LONG before the term fiduciary was all over the news."

— Garrett M. Prom CFP®, EA, CRPC®


IF I UNDERSTAND YOU CORRECTLY…

You recognize that you have the sole responsibility for your (and your family’s) financial future.  Gone are the days of the pension and there is a level of uncertainty surrounding social security.  You have this ongoing tension between taking care of your wants and needs today yet you know you also need to take care of your future self’s wants and needs too.  Your future self (and your family) is relying on you.  Allow me to be an advocate for both your current and future self.


Which best describes you?


1. DO IT YOURSELFER (DIYer)


  You acknowledge you need:

 Expert validation you are doing the right things for your financial future

 Professional assurance you aren’t overlooking opportunities

 Detailed instructions if there are changes that should be made

   You do not want:

 To be sold investments or insurance policies

 To turn over control of your money: you feel more comfortable managing it yourself

 An ongoing commitment to anyone much less a financial planner

2. DELEGATOR


You acknowledge you need:

 Ongoing support and availability of a CERTIFIED FINANCIAL PLANNER(TM)

Expert guidance in most (if not all) areas of your financial life

  Assistance or delegation of managing your investment accounts

You do not want:

 To be sold investments or insurance policies

 To worry about making any large financial decisions without expert advice

 Someone whose compensation is tied to how much money they manage


I WOULD LOVE TO LEARN HOW I MAY HELP YOU!

About


I am a fee-only CERTIFIED FINANCIAL PLANNER™ located in Austin, TX with services nationwide.

I am, and have always been, a fiduciary which means I ALWAYS represent my clients best interests. I work only with Generation X and Y (Millennials) clients because I believe that the earlier you begin planning for your financial future the more likely you are to achieve your financial goals.



Garrett M Prom CFP CRPC Financial Planner nationwide and in Austin Texas

 CERTIFIED FINANCIAL PLANNER™


  •  Founder of Prominent Financial Planning LLC
  •  Certificate of Financial Planning from Northwestern University 
  •  Chartered Retirement Planning Counselor from the College for Financial Planning 
  •  Summa Cum Laude Bachelor of Science in Electrical Engineering from the University of Dayton 

As a fee-only financial planner, I believe that the earlier you begin planning for your financial future the more likely you are to achieve your financial goals.  And, if you are like most individuals seeking my services, you are seeking assistance with your investments.  While investment selection and strategy is important, it is just one of many aspects that will impact your financial health and contribute to your financial future.  My responsibility is to ensure we work together to evaluate your entire financial life (retirement planning, budgeting, debt reduction, adequate emergency funds, children’s education, home and auto financing, insurance planning, work benefits, etc.) so that we create a cohesive plan and adjust that plan as needed to achieve your future goals.

For this reason, I specialize in working with Generation X and Y (Millennials), creating financial plans for my clients that are adjusted as needed throughout their life.  My holistic approach and methodologies have been highlighted in Money Magazine, USA Today, US News & World Report, Investopedia, The College Investor, and I have also earned recognition as one of the “Top Financial Advisors for Millennials by Money Under 30.”  


Garrett M Prom CFP CRPC Financial Planner nationwide and in Austin Texas

Husband, Father, Neighbor, Friend


I never thought we’d do it but we’ve left the city lifestyle for the exceptionally rated school district.  My son is just finishing kindergarten and my daughter isn’t far behind him.  We are also excited to announce the birth of our second son who joined our family in March of 2017!  My wife and I can’t believe we’ve started the carpooling for the children’s activities and our first born golden retriever must wonder where we are off to next.  Our lives today reflect all the decisions that were made along the way.  

Upon graduation, I was hired into General Electric’s leadership program and began my corporate career.  During this time, I needed to make numerous financial decisions regarding my benefits package, funding my retirement goals, a car, a house, and repayment of debts.  Then, add to this the complexities of life: changing roles to other Fortune 500 companies (Medtronic and Boston Scientific), marriage and children.  Our lives today reflect all the decisions that were made along the way.  The same is true for you.

I am here to help you make the important financial decisions in your life to achieve whatever it is you want to achieve.  Your goals certainly don’t need to be the same as my wife and mine.  The mere thought of leaving the city may be excruciating or you may not want children.  It doesn’t matter what your goals are: what matters is “are you making the right decisions to achieve those goals”.  Advising you on these decisions is how I can serve you.  

FINANCIAL PLANNING IS BALANCING YOUR CURRENT NEEDS AND WANTS WITH YOUR FUTURE NEEDS AND WANTS.  ALLOW ME TO BE AN ADVOCATE FOR YOUR CURRENT AND FUTURE SELF.

Services


Prominent Financial Planning was founded with three very important values:


ALWAYS represent your best interest by avoiding conflicts of interest
Offer a reasonable fee structure that enables you to achieve your financial goals
Create an environment that encourages you to ask the “why” behind our strategy


These values are what led to the unique service offerings outlined below. I have gone through great lengths to remove many of the conflicts of interest inherent in the financial services industry as I commit to only represent your best interest. I would enjoy the opportunity to elaborate more on this when we meet to discuss your financial situation.


Simply put: This is your opportunity to evaluate whether you would want to work with me.  I want you to feel comfortable asking any and all questions at this meeting.  I also want to get to know you, your current financial situation, your goals, and ultimately recommend what areas I can bring you the most value.  It is equally important that we determine the most economical engagement for you so we will certainly discuss how I am compensated.  The ONLY compensation I receive is from my clients, so I truly represent your best interests.  


SCHEDULE AN INTRODUCTORY MEETING

There is good reason for the Heraclitus quote, “The only thing constant is change.”  Your life has probably changed quite a bit in the last several years.  And there probably isn’t any reason to think that it won’t continue to change over the next several decades.  The reason this service is the most popular is because you are most likely seeking someone who understands you and your family on a personal basis as well as your immediate and long-term goals.  In addition you want someone who can continue to guide your financial decisions throughout your changing lives.  

This service can best be broken into two parts:

Initial financial plan outlining steps to take to achieve your current and future financial goals.  This includes:

  • Retirement Planning
  • Investment Strategy
  • Budget Analysis
  • Debt Reduction
  • Education Planning
  • Life Insurance Analysis
  • Employee Benefit Analysis

Ongoing Support (Including Money Management) to revise our initial plan based on the continuing changes in your lives


SCHEDULE AN INTRODUCTORY MEETING

For some of you, you may feel like you have just about all the areas in your financial life on cruise control and only need assistance with one or two pressing questions or areas. In other words, the Ongoing Financial Planning may be overkill for your needs. In this type of situation, I provide the Hourly Services option.

For instance, you may want to ensure that all of your aggressive savings is putting you on track to be able to retire at some point, and you want a professional opinion on how to manage your investments across all your accounts as opposed to your current piecemeal investment strategy. Perhaps you are contemplating buying an investment property and would like an unbiased opinion on its potential value as an investment. Maybe you are buying your first home and need some help evaluating your mortgage options. I’ve also been hired by several clients for one on one financial education specific to their situation.

As you’ve probably assumed, this type of engagement is based on the estimated amount of time the engagement/project is expected to take. The key word here is expected to take. I will not be running a clock because I never want you to feel rushed and worry that every question you ask will add to a bill. Instead, I estimate the amount of time that any given engagement will take and provide an upfront cost.


SCHEDULE AN INTRODUCTORY MEETING

THE EARLIER YOU BEGIN PLANNING FOR YOUR FINANCIAL FUTURE THE MORE LIKELY YOU ARE TO ACHIEVE YOUR FINANCIAL GOALS

Ask Garrett

If you’ve spent even a short time searching the web for answers to your financial questions, you may be reeling from the amount of information out there. Ask Garrett is a collaborative post where you ask the questions about general financial matters, and I have the opportunity to write about topics and situations that are important to you.


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DETERMINE IF I AM THE RIGHT PERSON TO HELP YOU

Contact

Please feel free to contact me via phone, email, or schedule a free initial consultation.

EMAIL

garrett@prominentfp.com

PHONE

(512) 660-7766

Location

Office located in Austin, TX but serving clients nationwide