June 19, 2019, Scottsdale, AZ — My Financial Coach (MFC) would like to extend a special warm welcome to Doug Hostetler and his firm, who are the newest additions to MFC’s subject matter experts (SME) group.
Doug is the founder and managing member of Hostetler & Church, LLC. For 35 years, Doug’s firm has worked exclusively with family business owners and families of wealth helping them steward their wealth. His guidance and wisdom have helped over 200 families flourish through the growth of their human, intellectual, and financial capital with a purpose. He has authored or co-authored twelve books on various financial and family wealth topics.
Doug’s counsel has helped families of wealth eliminate hundreds of millions of dollars of estate taxes and redirect that money to the causes they deeply care about. He is able to merge the “soft” issues of life (family mission statements) with the complex hard issues of life (tax planning). The result of this Family Wealth Counseling process is that families are profoundly impacted financially, socially, emotionally, and spiritually. Doug has a passion for helping families find their voice, their meaning and their passion. He also works to help them maintain their wealth across multiple generations. Surveys consistently show that less than 30% of a family’s wealth or business is retained through the 2nd generation, less than 18% is retained at the end of the 3rd generation, and less than 3% of family wealth is retained through 4th generations. Our strength lies in counseling wealthy families, to use and apply that knowledge in making good decisions over long periods of time.
About My Financial Coach
The MFC platform is a financial-wellness program, powered by many people such as Doug Hostetler who are seasoned in their field of financial management. MFC delivers an affordable, corporate-sponsored group benefit for executives and employees to collaborate and create personalized financial plans to meet their life goals.
Users of the platform can access live chat, phone, and email on mobile and desktop platforms, with 24/7 email support for advice, questions, or second opinions on everything from mortgages, debts, and investments to insurance, taxes and retirement readiness.
Its CERTIFIED FINANCIAL PLANNER™ (CFP®) professionals develop personalized financial plans to meet employees’ lifetime goals. MFC’s CFP® professionals develop an extensive plan for a client’s personal assets and workplace benefits to ensure maximum long-term results for the client and their families. Part of this process includes consulting with qualified SMEs to provide the best financial outcome for each client.
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Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.