After selling his current firm at the time, Michael Fenison figured it was time to retire. He had built one of the largest branch office systems in the ING broker-dealer network, but had grown frustrated with many issues in the financial industry.
The commission and sales culture of the brokerage industry never quite sat right with Fenison. The competitive sales environment caused a conflict of interest between the advisor and client. Oftentimes the advisors were only looking out for their own best interest.
When Fenison was ready to hit the beach, friends and colleagues challenged him to use his experience to craft a new type of business model. This business model would minimize conflicts and create a positive change for the financial industry.
Experience Meets Innovation
The result was Pure Financial Advisors, Inc., a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management. A pure business model was the vision and Pure Financial Advisors became the reality.
Doors opened for business in 2007 with no clients, negative revenue and zero assets under management. Within just seven years of the firm’s opening, Pure Financial surpassed $2 billion in client assets under management (as of 3/2018), and is currently helping over 2,000 clients plan for their future.
Education and Growth
The foundation of Pure’s planning is rooted in decades of time-tested research. Pure Financial looks to financial science as the guiding light to form our strategies, gaining insights and inspiration from the work of Nobel laureates. As the world continues to evolve, Pure continues to learn.
Pure Financial puts education at the core of everything we do. We strive to be a financial resource that people can turn to when they need a helping hand. Pure Financial collaborates with leading academics to provide education on financial strategies that work in the real world. Join us at our next educational event or talk to an advisor today to find out how we can help you reach your financial goals.Talk to an Advisor