WHAT'S IN A NAME? WE BELIEVE A LOT.
​THREE BEARINGS

Financial planning has a lot in common with navigation. In planning and in sailing, you have to assess your current position, determine where you want to go, make a plan to get there, then check in periodically to ensure that you are on course. 
Our name comes from a navigation tactic that helps keep sailors on course in uncharted waters where currents are unknown. Chapter 21 of Piloting, Seamanship and Small Boat Handling, 51st Edition by Charles F. Chapman explains it like this:

The technique of using two bearings and the run between them was illustrated in fig. 2142. The positional information derived from this procedure was dependent upon the assumption that the course and speed made good with respect to the bottom during the run between bearings was accurately known. Along strange coasts, without current predictions or means of estimating current effects, this assumption is often of doubtful validity.

​By taking a third bearing and timing a second run (between the second and third bearings), enough additional known factors are entered into the problem so that no assumption need be made about the course made good nor the actual speed over the bottom.”​

​In other words, when navigating in uncharted waters, the three bearings approach will help keep you on course. 

fiduciary advisors

​We also acknowledge our fiduciary duty to our clients right in our name, keeping it at the forefront. You may not be familiar with the word fiduciary, but you certainly understand the concept behind it. A fiduciary has a duty to act in the best interest of the people they serve. It’s that simple. As a fiduciary, our relationship with you brings with it three fundamental values: 

Trust

Loyalty

Transparency

A fiduciary’s clients should know exactly how their advisor is compensated and whether there are any conflicts of interest that might influence their advice. 

How do you know if your current or prospective advisor adheres to a Fiduciary Standard? Ask the following questions:

• Are you held to a fiduciary standard in all dealings with my financial matters? 
• Have you disclosed all current and potential conflicts of interest that exist between us?
• Do you receive any commission-based compensation or other incentives?
• Do you receive referral fees from other service providers?
• Have you signed a Fiduciary Oath?

Please review our Client Relationship Summary (Form CRS) for more information about our firm.