Frequently Asked Questions

 

How long have you worked in personal finance and what are your qualifications?
Paul graduated from Delaware State University with a Degree in Business Management and Finance.  Mr. Jervey has been in the finance and banking industry since 2004.  He started his career at ING Direct.  By 2007 he began working with New York Life Insurance Company providing insurance solutions to his clients.  In 2009 his clients began requesting more services from him.  He decided to take the business to the next level and obtained the necessary qualifications and began managing assets for his clients working for Diamond State Financial Group and later Edward Jones.  In 2018 he founded Jervey Genesis Solutions and became a CERTIFIED FINANCIAL PLANNER™ Practitioner and Fiduciary.  To become a CFP®, he had to meet and must maintain Education, Experience, Exam and Ethics requirements.  If you are interested to learn more about the standard of excellence a CERTIFIED FINANCIAL PLANNER please visit our website.

If you are interested to learn more about the standard of excellence a CERTIFIED FINANCIAL PLANNER follows visit the CFP Board

Is my money safe?
Safe is a relative term; when you invest you are always at risk of loss. Client’s assets are held with Charles Schwab and those accounts carry both SIPC and FDIC insurance coverage, there is additional coverage provided by Lloyd’s of London. More information can be found if you click here.

What will it cost me to work with you and how does Genesis earn money?
Your costs will depend on the services that Genesis provides. Genesis earns revenues through financial planning fees, asset-based investment management fees, and/or commissions from insurance sales. Genesis receives no revenue through investment sale commissions, revenue sharing agreements with asset managers or custodians, or soft dollar arrangements from asset managers. If you decide that you just want financial planning services, there is no requirement to have your assets managed by Genesis or to purchase insurance through us.

What kind of clients do you work with?
We work with individuals in all age ranges and net worth levels who are looking for an expert to handle all aspects of their finances, from their budget to their estate plan.

Do you get paid commissions?
We receive commissions from insurance sales but not from investments. Clients are under no obligation to purchase insurance from Genesis. We act as a broker providing quotes from multiple insurance companies, but we recommend that you compare them with other brokers and providers to find the best solution for your need.

Do you act in my best interest or your own?
As a CFP® Practitioner, Paul is required to act in a fiduciary capacity. With that being said, you cannot legislate morals and values, Paul founded Jervey Genesis Solution with the sole mission of offering clients an opportunity to help meet their financial objectives through ethical, unbiased and competent professional guidance. We sign a contract with our clients stating we will act as their fiduciary and we live up to that contract.

What separates you from other financial advisors?
Our approach, meeting process, and review schedule is what separates us from the rest.  As a partner of Genesis, you’ll benefit from our commitment to provide a 360-degree plan that takes into account your needs, wants and wishes; and offer financial solutions for every season of life, beyond what you have to invest or how much insurance you can purchase. Our fee-based approach ensures you the highest level of objectivity.

How do we get started?
To get started please contact our offices at 302.543.7424 to schedule a 15 minute phone appointment.