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Planvest Financial, Inc.

Tel: 240-344-4310
555 Quince Orchard Rd
Suite 280
Gaithersburg, MD 20878
Planvest Financial, Inc. | Financial Advisor in Gaithersburg ,MD

About Planvest Financial, Inc.

PlanVest Financial is an independent Registered Investment Advisory (RIA) firm, working under the fiduciary standard; meaning we always put our client's best interest before our own. For safe-keeping, we work with Charles Schwab & Co., Inc. to custody client assets. Our team of knowledgeable financial professionals are committed to providing you with informed wealth advice and exceptional service, to help you and your family find Financial Freedom.

We welcome you to learn more about our team's wide-range of experiences and professional designations. Experience, knowledge and following the Fiduciary Standard distinguishes the financial advisors at PlanVest Financial.


General Information

Firm Start Year:   2015
No.of Employees:   2-4
Gender:   Male
Insurance License#:   3000420331
Name of Custodial Firm:   Charles Schwab
States Licensed in:   MD
Work Experience:   Richard has been in the Financial Advising industry for over 16 years. Richard previously spent many years practicing law and as an executive in the energy sector. Richard earned the prestigious CERTIFIED FINANCIAL PLANNER" certification in 2008; and he also holds the certifications of Chartered Federal Employee Benefits Consultant (ChFEBCSM), Chartered Retirement Planning Counselor (CRPC®), and Chartered Retirement Plans Specialist (CRPS®). He is a graduate of West Virginia University where he received his undergraduate degree in engineering and earned his law degree. Zach was an intern PlanVest Financial during his senior year of college, and was hired full-time upon graduating. Zach helped build PlanVest from the ground up and has worked with hundreds of families in the greater Washington, DC area on financial planning and investment management. In 2019 Zach earned his CFP® designation. We work with clients of all ages and backgrounds, although we have specialty knowledge in the complex Federal Government Employee space.
I work with the following types of clients:   Individual Investors, Businesses
Foreign Languages Serviced:   French
Advisory Services Provided:   Tax Advice and Services, Financial Planning for Individuals, Education Funding and Planning, Risk Management, Retirement Planning, Portfolio Management, Estate Planning & Trusts, Financial Advice & Consulting, Annuities, Insurance Planning, 401K Rollovers


Services

Investment Types:   Mutual Funds, Bonds, Alternative Investments, Exchange Traded Funds (ETFs), Stocks, Annuities, Insurance, Socially Responsible Investments (SRI)
I can meet clients in the following ways:   At my office, At your home, Video Conference, Via Phone, At your office


Qualifications & Memberships

Insurance and Annuity Licenses:   Annuity, Health, Life, Variable Annuity, Variable Life


Firm Information

Firm's Number of Clients:   250
Firm's Number of Planning Clients:   100
Firm's Number of Managed Clients:   250
Assets Managed by Firm:   $70,500,000
Advisor's Number of Clients:   125
Advisor's Number of Managed Clients:   125
Advisor's Number of Planning Clients:   50
Assets Managed by Advisor:   37,000,000


Compliance

Registered Investment Advisor:   Yes
Investment Advisor Representative:   Yes
I am an acknowledged fiduciary:   Yes
Compliance Disclosures in Last 5 years:   I have a clean record
Criminal Disclosures in Last 5 years:   I have a clean record


Compensation and Fees

Fee Structure:   Fee-Based
Minimum Portfolio Size for New Managed Accounts:   $50,000
Compensation Methods:   Based on Assets, Hourly, Flat Fee
Fee % Based on Assets:   0.5-1.5%
Hourly Rate:   $200
Additional Details on Charges:   Asset Management is billed on a weighted, tiered basis based on the size of the household relationship. If a client or couple have multiple accounts with us, and the total amount reaches certain thresholds, the weighted average fee drops. Advisory fees are billed from client investment accounts directly monthly in arrears. Certain asset classes, such as cash, CDs, and money market funds, are not billed or are billed at greatly reduced rates. We aim to bill clients in the most fiduciary and fair method as possible.
Minimum Fee Charged for Managed Accounts:   $0
Minimum Fee Charged for Hourly Planning Accounts:   $200



Faqs

  • Do you have a customer satisfaction or refund policy? If a client has demonstrated that work performed is in error or the client was not satisfied by the work performed, we can review options on a case-by-case basis to determine if a fair and equitable refund is appropriate. We operate under the fiduciary standard and always put the client first.
  • Why should I choose you as my financial advisor? PlanVest offers a "boutique" level of round-the-clock personalized service, but with large-firm perks through a cutting-edge technology stack. We offer advanced client-facing reporting and goal tracking software, as well as personalized investment management and automated rebalancing based on market updates. We stay on top of things so you don't have to!
  • What are your qualifications? What is your education background? Richard has been in the Financial Advising industry for over 16 years. Richard previously spent many years practicing law and as an executive in the energy sector. Richard earned the prestigious CERTIFIED FINANCIAL PLANNER" certification in 2008; and he also holds the certifications of Chartered Federal Employee Benefits Consultant (ChFEBCSM), Chartered Retirement Planning Counselor (CRPC®), and Chartered Retirement Plans Specialist (CRPS®). He is a graduate of West Virginia University where he received his undergraduate degree in engineering and earned his law degree. Zach was an intern PlanVest Financial during his senior year of college, and was hired full-time upon graduating. Zach helped build PlanVest from the ground up and has worked with hundreds of families in the greater Washington, DC area on financial planning and investment management. In 2019 Zach earned his CFP® designation. Zach is a 2016 graduate of Hood College in Frederick, MD, earning his BA in Business.
  • How do you charge for your services? Asset Management is billed on a weighted, tiered basis based on the size of the household relationship. If a client or couple have multiple accounts with us, and the total amount reaches certain thresholds, the weighted average fee drops. Advisory fees are billed from client investment accounts directly monthly in arrears. Certain asset classes, such as cash, CDs, and money market funds, are not billed or are billed at greatly reduced rates. We aim to bill clients in the most fiduciary and fair method as possible. We also offer flat-fee billing for Financial Planning and Hourly Consulting at $200 per hour.
  • How are you compensated? How will I pay for your services? Asset Management is billed on a weighted, tiered basis based on the size of the household relationship. If a client or couple have multiple accounts with us, and the total amount reaches certain thresholds, the weighted average fee drops. Advisory fees are billed from client investment accounts directly monthly in arrears. Certain asset classes, such as cash, CDs, and money market funds, are not billed or are billed at greatly reduced rates. We aim to bill clients in the most fiduciary and fair method as possible. We also offer flat-fee billing for Financial Planning and Hourly Consulting at $200 per hour.
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Disclaimer

Investment Advice offered through PlanVest Financial Inc., a Registered Investment Advisor firm.

Zach Payne and Richard Clonch

Planvest Financial, Inc.

We are CERTIFIED FINANCIAL PLANNER® professionals who work closely with clients on their retirement planning and asset management needs. We most enjoy helping clients envision how their savings and benefits work together to create their own personal roadmap to a rewarding retirement. Richard and his wife, Jenine, reside on a small farm in Laytonsville, MD, just outside of our nation's capital, and have three children. He enjoys fishing in the pond on their farm; playing golf; and following the WVU Mountaineers. Richard has served on numerous boards during his career, including: charitable, church, and industry groups. Zach resides in Summit Point, WV and in his spare time enjoys gardening, gaming, renovating his new home, and is an avid car enthusiast.

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My Services

Financial Planning for Individuals

We offer Financial Planning on a fixed-fee basis. Costs range from $1,000-$2,500 depending on complexity. Financial Planning is offered at no additional charge or a reduced charge for asset management clients.


Financial Advice & Consulting

We offer Financial Advice and Consulting at an hourly rate of $200 per hour. Financial advice and consulting is offered at no additional charge or a reduced charge for asset management clients.


Portfolio Management

Clients who work with us on my fiduciary portfolio management benefit from round-the-clock service, bi-annual reviews, and no-charge trading and rebalancing. Our portfolios are actively managed and rebalanced quarterly in accordance with changes in the global economy.


Office Hours

wiseradvisor-balck-li-img Mon. 9:00 AM - 5:00 PM
wiseradvisor-balck-li-img Tue. 9:00 AM - 5:00 PM
wiseradvisor-balck-li-img Wed. 9:00 AM - 5:00 PM
wiseradvisor-balck-li-img Thu. 9:00 AM - 5:00 PM
wiseradvisor-balck-li-img Fri. 9:00 AM - 5:00 PM

Communities Served

Greater Washington DC area Gaithersburg
MD Rockville MD Germantown
MD Bethesda MD Frederick
MD Martinsburg WV Charles Town
WV Winchester VA Leesburg
VA Hagerstown MD

Compensation Arrangements

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