Frequently Asked  Questions

What is Financial Planning?

Financial planning is a process of reviewing your current situation to determine if changes are necessary in order to accomplish your personal and financial goals.  This is a continuing process that includes review of your budget, savings plans, retirement plans, estate plans and career plans.  The most important element of your plan is the maximizing of your savings and current assets to help achieve your long-term income goals.

Do I need Asset Management?

We work with people who do not want to do analysis and evaluation of assets.  We help you establish your goals and evaluate your risk tolerance.  Then based on the your specific situation we make recommendations on investments we believe may meet your goals.

What is your investment philosophy?

We base our counsel on proven strategies and Biblical principles.  Our purpose is to help our clients accomplish their goals and become financially independent in hopes that they may help in fulfilling the Great Commission.  There are over 2350 verses in the Bible on money.  The following two verses provide the foundation of our investment philosophy.

“The wise man saves for the future, but the foolish man spends whatever he gets”
 (Proverbs 21:20)

 

“Steady plodding brings prosperity; hasty speculation brings poverty”
(Proverbs 21:5)

How do I become a client?

Initially we meet with you for about an hour and a half to discuss your situation and determine if we can work together to accomplish your goals.  There is no charge for this initial consultation.  If you decide to work with us, the next step is an in depth analysis of your current situation and preparation of a plan to get you started toward accomplishing your goals.

What is your Privacy of Information Policy?

“Orr Financial Customer Privacy of Information Policy”

As our customer, you have trusted H. B. “Buck” Orr of Orr Financial to help you achieve financial success and security.  To maintain that trust, we are committed to protect the privacy and security of the personal information that we collect about our customers.  This notice is intended to help you understand how we collect, handle, and safeguard that information.

We treat the personal information of our customers in a confidential manner.  We do not provide any information to unrelated companies for the purpose of marketing their products or services to our customers.

When you establish a relationship with us, you are requested to furnish personal and financial information used to assist in assessing your investment objectives and goals.  The information you share with us is often private and confidential, and we are therefore committed to its protections.  In addition to the information collected, during the course of our relationship we may also collect a variety of nonpublic personal information from other sources.  The confidential information we collect may include the following:

1.  Information we receive from you, such as your name, address, social security number, assets, income, investment objectives and other information as required by Industry Regulators.

2. Information about your transactions, including balances, portfolio holdings, cash balances, margin balances, and customer statements.  Also included may be portfolio evaluations.

3. Information we receive from our broker dealer – Mutual Service Corporation, our correspondent clearing broker - Pershing, various fund sponsors, unaffiliated custodians and money managers, your accountant, attorney or other professional obtained by you.

4. Medical or health information that you the customer authorize us to receive from doctors or other health care providers and medical vendors in relation to the advice provided on a traditional or variable life policy.

Orr Financial does not share customer information with any third party other than those that are authorized by you or that are required in order for us to provide services agreed upon by the client, service an account, execute a transaction, or if required to do so by regulation or law.  We may share information with our Broker/Dealer, Mutual Service Corporation, its clearing correspondent Pershing, a third party money manager or unaffiliated custodian as is necessary to provide advisory services.

Orr Financial has established policies to maintain physical, electronic, and procedural safeguards to maintain the confidentiality of the personal information of our customers.   Appropriate measures are taken to ensure that access is available to those individuals who need to know that information in order to provide our products and services.