After you subscribe to SUM180, we ask you to complete a detailed profile about your finances. We use this data to create projections that show how you can accomplish your financial goals. The more accurate and complete the data, the more focused your plan can be.
You can save your profile and return to it later. When you’re ready, log back in. You’ll be taken to a page where you can click to resume adding details to your profile.
SUM180 uses bank-level security
to protect your information. Transmission of your personal and financial information while you complete your profile is encrypted, and areas of the SUM180 site where your information are stored (for example, the My Plans and My Account pages) are password protected. You will always know when you are in a private and secure session because this will be clearly indicated in the upper right corner of the page.
No, there are numerous recommended steps for meeting your financial goals that do not involve having money to invest.
Your SUM180 Plan is based on the expertise of a select group of financial advisers we hand-picked from the Alliance of Comprehensive Planners (formally Alliance of Cambridge Advisers) – known for having the highest professional standards in the country. They are Certified Financial Planners (CFP©) or the equivalent, with strong tax backgrounds, and full members of the National Association of Personal Financial Advisors (NAPFA). They are employed by FinancialIndependence4Me (FI4Me) and are contracted to support SUM180’s financial planning services.
Your SUM180 Plan is designed to stand alone, but if you ever need additional financial planning advice from an unbiased financial expert, help is just a mouse click away. SUM180 provides access to selected FI4Me financial advisers for additional consultation. Like your SUM180 plan, FI4Me financial advisers consider your whole picture -- your savings, debt, house, and other assets, so you have a complete understanding of your financial picture as you move towards your goals.
While most financial firms want to manage your money or sell you something, we don’t and neither do the FI4Me financial advisers. The only thing we sell is financial planning advice.
The advice we give is based on The Cambridge System™ approach to financial planning, which takes a holistic approach and emphasizes the personal circumstances of individual clients when crafting financial advice. The Cambridge System™ uses innovative tools and decision-making rules that are very different from the standard process taught in the Certified Financial Planning (CFP©) training programs. In its investment advice, the Cambridge System ™ emphasizes functional asset allocation (a more realistic portfolio for most people) over modern portfolio theory (developed primarily for institutional investors). The Cambridge System™ methodology is predicated on providing fiduciary advice on a fee-only basis and is practiced by 160 CFPs across the US, with thousands of clients, in one-on-one, interactive relationships.
Fee-only advisers conduct their business under a “fiduciary duty,” which means, by law, they must have their clients’ best interests at heart. Fee-only advisers have no inherent conflicts of interest because they don’t accept fees or compensation based on product sales. Many also carry professional designations that hold them to strict codes of professional and ethical conduct.
No. We and our partners, FinancialAdvice4Me and FinancialIndependence4Me, and its FI4Me advisers, are independent,
objective, and act as a fiduciary on your behalf in the creation of your Plan. Collectively, we only get paid by you for the advice we give you, and never take payments from third parties in exchange for recommending their products or services, and therefore have no conflicts of any kind.
To clarify roles between SUM180 and FinancialAdvice4Me, SUM180 has selected FA4Me as its partner in delivering financial planning services to its clients, which has an expertise in providing online financial planning software and the automatic generation of personalized financial plans and email support. After receiving their SUM180 Plan online, clients may elect to have one or more consultations on their Plan with FI4Me financial advisers. Through its software, FA4Me collects the SUM180 subscription and additional consultation fees, and pays SUM180 a 50% share of those fees, net of direct costs.
This is an excellent question and one we are proud to answer. The artificial intelligence that generates your SUM180 plan is firmly grounded in The Cambridge System™ approach to financial planning. Our proprietary system was developed by a team of top financial and technology experts over a period of 6 years and has been thoroughly tested to ensure that the advice you receive aligns with what you would receive from an expert financial adviser in person. Nothing else like it exists online today.
For a glimpse inside a SUM180 Plan, watch this video
Or, download some Sample Plans here
Once you complete your profile, you’ll have access to a Plan that includes your balance sheet and income/expense statement. However, the key to your success with SUM180 is to focus on just your three Next Steps at any given time. So, we identify those three Next Steps and give you the information and support you need to get them done. This uniquely streamlined approach is central to our philosophy at SUM180. We could identify many more future steps for you, but we truly believe that by focusing on just your three Next Steps, you will accomplish more, faster, and feel more confident immediately. Read more about “Why three steps?
You may never need the additional help, but if you do, FI4Me financial advisers are available to answer your questions. Your FI4Me adviser will have access to your full Plan so that she can familiarize herself with your situation and goals before your consultation. To request a consultation, log in to your account and select Consult in the Dashboard menu. Follow the on-screen prompts from there.
After you complete your Next Steps, you may return to SUM180.com and complete a new profile. Your Next Steps will update automatically. A great feature about your SUM180 subscription is that you are allowed you to update your Plan as many times as you wish throughout the year. So, when you complete one or more of your Next Steps, or if your circumstances change, simply log back in and update your Plan. With SUM180, you have a Plan that evolves and grows with you over time. It all adds up!