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Zach Payne and Richard Clonch

Planvest Financial, Inc.

555 Quince Orchard Rd
Suite 280

Gaithersburg, MD 20878

301-977-7123

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

CRD#

6516858

Firm CRD#

290306

Insurance License#

3000420331

Name of Custodial Firm

Charles Schwab

States Licensed in

MD

Years of Experience in Financial Services

16

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, 401K Rollovers, Retirement Planning, Portfolio Management, Estate Planning & Trusts, Financial Advice & Consulting, Risk Management

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

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

Qualifications & Membership

Certifications, Accreditations & Designations

CFP®, CRPS®, JD, ChFEBC, CRPC®

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

Compensation and Fees

Fee Structure

Fee-Based

Minimum Portfolio Size for New Managed Accounts

$50,000

Compensation Methods

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

Disclosures

https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=677274 https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=677273 https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=677278

Disclaimer

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