About Jiyao Xu, CFP®
I am a fee-only financial planner and co-founder of X and Y Advisors, Inc. To make high-quality financial planning services available and affordable to young Chinese professionals living in the United States, I established X and Y Advisors, Inc.
After one year of experience with KPMG China, I realized that corporate finance is not my interest. In 2012, I came to Los Angeles, California to join my beloved wife, Vivianna, and study Personal Financial Planning. While taking different courses at UCLA, I managed to pass the CFP® exam and all three levels of CFA programs, go through the real estate broker education program and then work for a local wealth management firm for several years. With what I have gone through, I understand the needs and concern of the young professionals living here.
From my professional experience serving high-net-worth individuals, I realize that there are so many financial planning strategies that could be applied and may even create relatively more value to young professionals. Therefore, I decided to establish X and Y Advisors, Inc. and share my knowledge to help more people and families.
We have covered Restricted Stock Units (RSUs) and Employee Stock Purchase Plans (ESPPs) before. This week I will talk about another type of stock compensation - Non-Qualified Stock Options (NSOs or NQSOs).
What does a financial planner do in your mind? Investment planning? Tax planning? Insurance planning? Retirement planning? Estate planning? Yes, those are some of the specific services a financial planner can offer. However, what are the real values a financial planner typically provides behind those services? This week I would like to share with you one of the best descriptions of the key value propositions that a good financial planner provides from Mitch Anthony. It articulates what you should expect from a good financial planner.
It's time for our quarterly market review again. This quarterly material is to help you reinforce the concept of diversification, and serve as a reminder that you should view daily market events from a long-term perspective and avoid making investment decisions based solely on the news. You could also learn how to evaluate the actual cost of a mutual fund and why it matters from the article, "Total Cost of Ownership”, on the last three slides. Enjoy reading!
- Cross-border planning
- Generation Y
- Mandarin speakers
- Tax Planning
Ways Advisor Charges
- Monthly Fee
- Flat Fee
- Assets Under Management
- Monthly Fee: $1,000+ Upfront plus $150+/month
- Flat Fee: $500+/ project
- AUM: .5%