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FAQ

  • What is a Certified Financial Planner® (CFP®)?

    • Licensed by the Certified Financial Planner Board of Standards, CFPs must complete an advanced college-level course of study addressing financial planning subject areas, including insurance planning and risk management, employee benefits planning, investment planning, income tax planning, retirement planning, and estate planning. In addition, they must pass the comprehensive CFP® certification examination and obtain at least three years of full-time financial planning-related experience. To maintain the designation, CFPs must complete 30 hours of continuing education every two years. 

  • What is a MSF?

    • A Masters of Science in Finance degree is awarded to financial services professionals who have completed advanced coursework giving them the tools, theory, and practical knowledge to engage in professional financial planning services and financial analysis. Many MFS courses are certified by the CFP® board to satisfy the requirements of the CFP® certification examination.

  • What is a Certified Public Accountant (CPA®)?

    • CPAs must have achieved minimum college education requirements, minimum experience levels working in a CPA® firm environment, and the successful passing of the Uniform CPA® examination. CPAs are licensed and regulated by state boards of accountancy. In addition, in order to maintain their license, CPAs must complete 80 hours of continuing education every two years. 

  • What does the PFS® designation indicate?

    • PFS® is a specialty credential awarded by the American Institute of Certified Public Accountants (AICPA®) to CPAs who specialize in helping individuals plan all aspects of their wealth. Every three years, PFS® professionals must complete 60 hours of continuing professional education. PFS® applicants study estate planning, retirement planning, investing, insurance, and other areas of personal financial planning. To become a PFS®, candidates must be active members of the AICPA®, have at least three years of financial planning experience, meet all the requirements for being a CPA®, receive professional recommendations, and pass a comprehensive written exam.

  • What is an Accredited Investment Fiduciary (AIF®)?

    • Advisers with an Accredited Investment Fiduciary (AIF®) designation have successfully completed a specialized program on investment fiduciary standards and subsequently passed a comprehensive examination demonstrating their knowledge and competency in the area of fiduciary responsibility. AIF® designees are committed to standards of investment fiduciary excellence. 

  • What is a Registered Investment Adviser (RIA)?

    • As an RIA, Starfire Investment Advisers, Inc. is required by law to act in a fiduciary capacity when engaged for comprehensive financial planning. Under the Investment Advisers Act of 1940, any firm that is engaged in the business of providing financial advice for a fee is considered to be an “investment adviser.” Starfire Investment Advisers, Inc. is registered with the U.S. Securities and Exchange Commission. Unlike traditional stockbrokers, this means that we always put the interests of our clients ahead of our own interests serving as your fiduciary.

  • What is a fiduciary?

    • Under the Employee Retirement Income Security Act (ERISA), a fiduciary is any person, company, or association that renders investment advice for a fee or other compensation with respect to the funds or property of a plan, or who has the authority to do so. A fiduciary exercises discretionary authority or control over the management of a plan or the management of the disposition of its assets, or has the discretionary authority or responsibility in administering a plan. Importantly, a fiduciary is bound to always act in the best interests of the client. 

  • What is your fee structure?

    • At Starfire Investment Advisers, Inc., we operate on a 100% fee only basis. We do not accept commissions from anyone. Our only interest is that our clients get the information and planning services that suit their individual needs. As part of our commitment to keep your costs to as low as possible, we charge a highly competitive asset under management (AUM) annual fee that is computed on the value of the assets we manage. Our financial planning and issue-specific advice is charged at an equally competitive hourly rate. 

  • Do you have a minimum account size?

    • While we do not have a minimum account size, our services are best suited for clients with investable assets in excess of $300,000.

  • How do I know my money is safe?

    • Our firm works directly with independent third-party custodians, Charles Schwab and TD Ameritrade, and all of our client assets are held in protected accounts with these custodial firms. We provide 24/7 access and visibility to your accounts via our online client portal. Your funds will never be comingled with any other investments. 

  • I consider myself to be financially savvy. Do I need a financial adviser?

    • Did you know that even millionaires often hire the assistance of a planner? These highly successful and disciplined people know that accountability is a key to success. However, many people with the knowledge and experience to manage their own assets will procrastinate when it’s time to make a decision. Often their own needs take a back seat to jobs or family. We add value not only by helping you develop a plan, but also by implementing and adjusting it when necessary. Our knowledge and accountability as a financial adviser can help you take the necessary actions to meet your goals. 

Watch The Video

  • Starfire Investment Advisers on Analyzing The Risk Of Stocks After The 6.9% Drop

    Starfire Investment Advisers on Analyzing The Risk Of Stocks After The 6.9% Drop

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Contact Info

Starfire Investment Advisers, Inc.
3000 Town Center Suite 2235
Southfield, MI 48075-1191

Phone: 248-352-2211 x 223
Fax: 248-352-4535
Email: ronh@starfireinvest.com