Hourly Financial Advice Firm Opens in Empire State Building

Nov. 21, 2011 - PRLog -- (New York, New York) The hourly financial advice firm, MainStreet Financial Planning, has announced its move into New York City’s famed Empire State Building. The company expanded into New York City earlier this year as more clients encouraged the company to set up regular office hours in the city.  The firm is a Registered Investment Adviser in New York and four other states where a significant portion of clients reside.

Jim Ludwick, founder of the 9 year old financial planning corporation, and five year associate Anna Sergunina service four offices with in person and internet based meetings.  Both are Certified Financial Planner certificants and members of the National Association of Personal Financial Advisors.  Ludwick is a long time member of the Garrett Planning Network, noted for its hourly financial planners.

“We realized we needed to leave the Times Square area and move closer to Penn Station which is more convenient for our clientele, “ Ludwick explained. “When the opportunity to make the move appeared, we jumped at the chance to locate in the newly refurbished landmark building which was the subject of a recent (Nov. 10th) feature story by Wall Street Journal Architectural writer Ada Louise Huxtable,” he elaborated.

The firm adopted www.adviceonly.net as the website and email moniker early in its history as a way to distinguish the business model of providing personal financial advice on an hourly or project basis, instead of selling products on commission or managing investments for a percentage fee.  The company reports that its “Assets Under Advisement” exceeds $50 million although they have zero assets under management. “While we see mostly middle or upper middle class people,” Ludwick remarked, “Anna and I are committed to helping people of all income levels make good financial decisions.”  

One of the most commented on features of the organization’s website is the listing of services and prices based on the advisor’s hourly rate.  “Most advisers are reluctant to quote prices, but we’re not,“ states the former military officer who has previously worked in the insurance, real estate, bank trust department, and money manager areas of personal finance. “We want to be as upfront as we possibly can about what it costs to do business with us and the value we add to our clients’ lives.”

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Personal financial advice on an hourly or project bid basis. No sales or money management. Will help clients find a money manager and obtain products as needed.