FAQs

Yes. Healthcare is one of the biggest pitfalls for people when they retire. We partner with a company called ClearMatch that helps our clients navigate the confusing world of healthcare and Medicare during, and even before, retirement. This is a complimentary service to our clients

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Yes. Our financial plan is one of the most sophisticated in the industry and calculates the optimal time for Social Security. We help our clients navigate every age they can take Social Security and what is best for them financially.

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We do. This is very important because most plans won’t do the math for you. Our financial plans show each client the benefits and potential tax savings over the course of a lifetime.

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Yes. Given our clientele, it is very important to make sure that your loved ones are taken care of while you are still alive and after you are gone. We are skilled in both estate and legacy planning and can help you set up a plan to put your wishes in motion.

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Yes. The majority of what we do is investing, but we also dedicate time to other important, intricate details of a client’s financial future. We assist our clients with numerous finance-related issues, such as Roth conversions, tax strategies based on current and future tax laws, individual social security disbursement recommendations, and overall estate and legacy planning strategies.

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Yes. Our founder, Glen Smith, is approved to act as an NFLPA registered player financial adviser. The NFL Players Association (NFLPA) compiles a list of qualified financial advisers, and Glen is included on that list. This certification is very difficult to obtain; it is a huge responsibility to be trusted with the financial future of professional athletes.

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Yes. Our CEO and CIO, Glen Smith is ranked in the Top 10 Best Advisors in the State of Texas by Forbes for the past 7 years. This is a significant accomplishment to achieve. Our team is evaluated based on client retention and client satisfaction, and we are proud to excel in these areas.

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Yes. GDS works with clients throughout the United States. We effectively deliver our services both in-person and remotely, depending on your location and what works best for you. Please feel free to reach out to our office today to schedule your initial consultation. We would love to speak with you about your financial goals.

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Choosing to work with a wealth manager is a highly personal choice that should not be taken lightly. Experienced wealth managers, such as our team members at GDS Wealth Management, work to provide clients with peace of mind. Our team prioritizes personal relationships with our clients. We truly take the time to get to know you and your financial wants and needs before constructing a comprehensive financial plan that encompasses your financial goals. Embrace a higher quality of personalized financial planning by working with our dedicated team.

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Although financial plans are specific to each individual, a solid financial plan typically consists of the following features:

• It is updated for average inflation.
• It has updated goals specific to you and your family.
• It considers estimated healthcare premiums and expenses.
• It estimates returns based on your risk tolerance and a reflection of your goals.
• It calculates the best time to take social security.
• It accounts for long-term care gaps.
• It considers assets used and not used in the plan.
• It plans for life events and extended longevity.
• It factors in tax considerations.

We monitor our clients’ custom financial plans through our service model, where we do in-depth semi-annual client reviews. During these reviews, we go over account performance and any direct impact or correlation of performance on our clients’ goals through the financial plan. In addition to the in-depth semi-annual reviews, we proactively reach out quarterly to update clients on their accounts and update their plan as life changes.

Here at GDS Wealth Management, our clients are truly the heart of our business. We place them first in every action we take through our commitment to delivering the highest degree of personalized service. We work closely with our clients to create a financial plan that addresses their individual financial needs and goals, and we maintain active, involved relationships with our clients. When you work with our team, you receive our unparalleled commitment to your financial plan.

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We believe in an actively managed and diversified portfolio that is tailored to your specific needs and goals. Because financial goals are personal and specific to each client, we create an investment plan that will serve your individual financial plan. When we create portfolios for our clients, we use a variety of assets, including exchange-traded funds (ETFs), individual stocks, derivative-based products, and cash and cash equivalents. We involve our clients in every step of the planning process to make sure that their portfolio is comprised of assets that meet their individual strategy and needs.

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Yes, we are. A fiduciary must place their clients’ best interests ahead of his or her own. Fiduciaries must disclose what their fees are, how they are compensated, and any potential conflicts of interest that might influence a client to use their services. There is a notable difference in the standard of care that fiduciary and non-fiduciary investors are held to. Non-fiduciary investors are only required to recommend investments that are suitable; they are not required to recommend investments that are in their clients’ best interest. Although an investment may be suitable, it may not be the best choice for you, and non-fiduciary investors are not legally required to disclose that. Our team members take pride in our commitment to client service.

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In order to ensure that our clients receive the exemplary service and personalized attention that we are known for, our clients have a minimum of $1,000,000 in investable assets.

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As you explore different options for your financial future, you may hear the terms “fee-only” and “fee-based” mentioned by different wealth management firms. With fee-only management, there are no commissions, no kickbacks, and no proprietary products. Your exact fee is determined by the size and complexity of your situation and generally ranges from 0.50% to 1.50% of assets under management. A fee-based firm may earn commission, fees, and/or kickbacks on products they recommend and sell in addition to the assets under management fee. Here at GDS Wealth Management, we are a fee-only firm, meaning we are paid an annual percentage for the assets you have under our management. We aim to make our fee structure fully transparent.

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Yes. Many of our advisers are Certified Financial Planners® or are currently working towards their certification. This is a designation that requires comprehensive study, continuing education, and industry experience.

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We are delighted to be able to offer our prospective clients a cost-free and obligation-free initial visit with a GDS Wealth Management financial planner. It is one of our great honors to be our clients’ trusted partner, and we want you to be sure that we are a good fit for you before you decide to work with us. Contact us today to set up an appointment.

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