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Bryan Foronjy, CFP®
Foronjy Financial

Tel: 805-600-1600
956 Walnut St
Suite 200
San Luis Obispo, CA 93401
Foronjy Financial | Financial Advisor in San Luis Obispo ,CA

We Make Financial Planning Personal Again


About Bryan Foronjy

As the Principal Wealth Manager and founder of Foronjy Financial, Bryan created a practice for clients that truly appreciate a personal relationship with a seasoned practitioner who intends to stick with them for the long term. As a seasoned financial professional, Bryan helps clients design a customized vision for retirement by listening, asking insightful questions, and offering sensible advice drawing from over a decade of professional experience. Bryan graduated with a Bachelor of Science degree in Finance with a emphasis in Personal Financial Planning from San Diego State University. Before founding Foronjy Financial in 2015, Bryan worked for a decade as a Senior Account Executive at Fidelity Investments in Santa Barbara, CA. While not in the office, Bryan keeps a healthy work-life balance by exercising regularly, enjoying a game of chess, or spending time outdoors with his wife and three children.


About Foronjy Financial

Foronjy Financial was created with the intention of providing clients with sensible investment advice and personalized service. We help our clients chart a course toward retirement using professional experience coupled with sophisticated software. At Foronjy Financial we make financial planning personal again.

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General Information

Firm Start Year:   2015
No. of Employees:   2-4
Insurance License#:   CA Insurance License # 0F84170
Name of Broker/Dealer:   LPL Financial
Name of Custodial Firm:   LPL Financial
States Licensed in:   AL, AZ, CA, FL, MA, MI, NV, NY, OH, OR, VA, WA, WI, WY
Number of Years with Current Firm:   6
Work Experience:   Before founding Foronjy Financial in 2015, Bryan worked for a decade as a Senior Account Executive at Fidelity Investments in Santa Barbara, CA.
Work with the following types of clients:   Individual Investors, Businesses
Advisory Services Provided:   Insurance Products & Annuities, Investment Advice & Management, Financial Advice & Consulting, Risk Management, Education Funding and Planning, Financial Planning for Individuals, Financial Planning for Businesses, Financial Planning, Portfolio Management, Money Management, Wealth Management, Retirement Planning

Services

Investment Types:   Alternative Investments, Exchange Traded Funds (ETFs), Stocks, Bonds, Annuities, Insurance, Mutual Funds, Socially Responsible Investments (SRI)
Can meet clients in the following ways:   Your Home, Our Office, Phone, Email, Your Office, Video Conference, Our Offices

Qualifications & Memberships

Insurance and Annuity Licenses:   Variable Life, Long Term Care, Variable Annuity, Life, Annuity

Firm Information

Firm's Number of Clients:   110
Firm's Number of Planning Clients:   110
Firm's Number of Managed Clients:   110
Assets Managed by Firm:   135000000
Advisor's Number of Clients:   110
Advisor's Number of Managed Clients:   110
Advisor's Number of Planning Clients:   110
Assets Managed by Advisor:   $135000000

Compensation and Fees

Fee Structure:   Fee-Based
Minimum Portfolio Size for New Managed Accounts:   $250000
Fee % Based on Assets:   1.0
Additional Details on Charges:   Our fees are based on a schedule which is dependent on the amount of funds that we are managing for a client. For example if someone has between $500000 and $1000000 under management, we charge 1% annually. If someone has greater than $1000000 then we discount the fee by 1% of the 1% for every additional $100000 that we manage.

Education

Bachelors of Science Degree  - Personal Financial Planning and Finance   San Diego State University  - San Diego, CA
08/20/2004-05/20/2006

Financial Services

Portfolio Management

We offer comprehensive portfolio management for our clients. This allows our clients to delegate the entire task of portfolio creation, including risk assessment, stock allocation recommendations, tax loss harvesting, rebalancing, sector emphasis using ETFs as well as individual stock selection.

Retirement Planning

We offer comprehensive retirement planning services to our clients, including budget projections, income expectations, feasibility of scenarios such as age at retirement or minimum monthly income target. Additionally, we explore optimizing efficiency such as roth conversions, social security analysis and long term care assessments.

401K Rollovers

We offer education on the following strategies for those changing employers or considering retirement: Leave the money in the former employers plan, if permitted; Rollover the assets to a new employer's plan, if one is available and rollovers are permitted; Rollover to an IRA; or cash out the account value. Our office can assist you in determining the right path for you

Wealth Management

We offer wealth management services which includes working closely with other professionals such as tax advisors, estate planning attorneys, health insurance specialists and long term care insurance specialists. We play the central organizer between all the parties to arrive at the most well coordinated plan between them all.

Financial Planning for Businesses

We offer comprehensive retirement planning services to our clients, including budget projections, income expectations, feasibility of scenarios such as age at retirement or minimum monthly income target. Additionally, we explore optimizing efficiency such as roth conversions, social security analysis and long term care assessments.

Financial Planning for Individuals

We offer comprehensive retirement planning services to our clients, including budget projections, income expectations, feasibility of scenarios such as age at retirement or minimum monthly income target. Additionally, we explore optimizing efficiency such as roth conversions, social security analysis and long term care assessments.

Financial Advice & Consulting

We offer comprehensive retirement planning services to our clients, including budget projections, income expectations, feasibility of scenarios such as age at retirement or minimum monthly income target. Additionally, we explore optimizing efficiency such as roth conversions, social security analysis and long term care assessments.

Insurance Planning

We offer wealth management services which includes working closely with other professionals such as tax advisors, estate planning attorneys, health insurance specialists and long term care insurance specialists. We play the central organizer between all the parties to arrive at the most well coordinated plan between them all.

Annuities

We offer wealth management services which includes working closely with other professionals such as tax advisors, estate planning attorneys, health insurance specialists and long term care insurance specialists. We play the central organizer between all the parties to arrive at the most well coordinated plan between them all.

Estate Planning & Trusts

We offer wealth management services which includes working closely with other professionals such as tax advisors, estate planning attorneys, health insurance specialists and long term care insurance specialists. We play the central organizer between all the parties to arrive at the most well coordinated plan between them all.

Tax Planning & Mitigation

We offer wealth management services which includes working closely with other professionals such as tax advisors, estate planning attorneys, health insurance specialists and long term care insurance specialists. We play the central organizer between all the parties to arrive at the most well coordinated plan between them all.

Investment Management & Advice

We offer comprehensive portfolio management for our clients. This allows our clients to delegate the entire task of portfolio creation, including risk assessment, stock allocation recommendations, tax loss harvesting, rebalancing, sector emphasis using ETFs as well as individual stock selection.

Risk Management

We offer comprehensive portfolio management for our clients. This allows our clients to delegate the entire task of portfolio creation, including risk assessment, stock allocation recommendations, tax loss harvesting, rebalancing, sector emphasis using ETFs as well as individual stock selection.

Money Management

We offer comprehensive portfolio management for our clients. This allows our clients to delegate the entire task of portfolio creation, including risk assessment, stock allocation recommendations, tax loss harvesting, rebalancing, sector emphasis using ETFs as well as individual stock selection.

Education Funding & Planning

We offer Education planning to our clients to help reach the goal of funding lower and higher education in the most tax efficient way possible. We explore tax advantaged accounts as well as income thresholds and academic scholarships to help target the right mix of instruments.


FAQs

Do you have a customer satisfaction or refund policy?

Yes, we do have a satisfaction policy. We aim to please, and generally our clients stick with us for the long term. In the event that a client chooses to move on, we certainly would not assess any penalties for taking your money to another firm. The only consideration for clients could be the potential for limited liquidity in certain holdings, but we generally do not propose or invest in low liquidity positions unless a clients requests specific features that can only be achieved through such instruments.

How do you charge for your services?

We generally provide full service financial planning, investment management, estate plan integration, tax plan integration and overall organization of your personal finances. For this service, we charge quarterly as a percentage of the assets we manage. The baseline cost is 1% annually, but we offer a discount of 1% of the 1% for every additional $100,000 invested greater than $1,000,000. As an example a $3,000,000 portfolio would be assessed a 0.80% annual fee.

What services do you provide? What are your specialties?

We generally provide full service financial planning, investment management, estate plan integration, tax plan integration and overall organization of your personal finances. We also specialize in long term care insurance planning, digital safety planning and complex tax strategies such as roth conversions and business retirement plans.

What is your experience? How many clients do you currently manage?

Our Advisors have been in the business since 2007 where they spend the first 8-10 years at Fidelity Investments in the Private Client Group catering to affluent individuals and families. Foronjy Financial was started in 2015 with the idea that our clients would value our services more in a boutique environment where we could offer more personalized service, which we've delivered on time and again. We currently manage 110 relationships for couples and individuals either approaching retirement or already retired.

What financial institution(s) do you represent?

We follow a fiduciary standard for our clients, generally speaking so we don't represent any particular product but rather we shop the market for our clients. We do utilize the custodial services of both LPL Financial as well as Fidelity Investments. We are Investment Advisor Representatives for Strategic Wealth Advisors Group, LLC and offer brokerage services through LPL Financial LLC. Foronjy Financial is an independent entity and is not affiliated with LPL Financial LLC or Strategic Wealth Advisors Group LLC.

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Disclosures

WiserAdvisor provides referrals to financial professionals. WiserAdvisor is not a current client of advisor or advisory services. Financial professionals pay cash compensation for these referrals, which creates the incentive for WiserAdvisor to make these referrals, resulting in a conflict of interest.

LPL ADV 2A

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LPL WiserAdvisor Cash Solicitor Disclosure

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Additional Detailed Disclosures

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Disclaimer

The Financial Consultants of Foronjy Financial are registered representatives with, and securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Strategic Wealth Advisors Group LLC, a registered investment advisor. Strategic Wealth Advisors Group LLC and Foronjy Financial are separate entities from LPL Financial. The LPL Financial registered representative associated with this page may only discuss and/or transact business with residents of the following states: AL, AZ, CA, FL, MA, MI, NV, NY, OH, OR, VA, WA, WI, WY

Compliance

Registered Representative:

Yes


Investment Advisor Representative:

Yes


Acknowledged fiduciary:

Yes


Compliance Disclosures in Last 5 years:

Have a clean record


Criminal Disclosures in Last 5 years:

Have a clean record


Office Hours

Mon. 9:00 AM - 4:00 PM
Tue. 9:00 AM - 4:00 PM
Wed. 9:00 AM - 4:00 PM
Thu. 9:00 AM - 4:00 PM
Fri. 9:00 AM - 4:00 PM

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