Garrett Prom
CFP®, EA, CRPC®
Prominent Financial Planning
Financial Advisor
Garrett Prom
CFP®, EA, CRPC®
Prominent Financial Planning
Financial Advisor
Always representing your best interests by acting as a fiduciary has ALWAYS been the foundation of what I do. This was the case LONG before the term fiduciary was all over the news. - Garrett Prom, CFP®, EA, CRPC®
Fee Only Financial Planner Located in Austin, TX and Serving Clients Nationwide
Garrett Prom is an Austin, TX fee-only financial planner. Prominent Financial Planning provides comprehensive and objective financial planning to help clients organize, grow and protect their assets through life’s transitions. As a fee-only, fiduciary, and independent financial advisor, Garrett Prom is never paid a commission of any kind, and has a legal obligation to provide unbiased and trustworthy financial advice.
Garrett M. Prom CFP®, EA, CRPC® is the Founder of Prominent Financial Planning LLC in Austin, TX.
As a fee-only CERTIFIED FINANCIAL PLANNER(TM), I believe that the earlier you begin planning for your financial future the more likely you are to achieve your financial goals. And, if you are like most individuals seeking my services, you are seeking assistance with your investments. While investment selection and strategy is important, it is just one of many aspects that will impact your financial health and contribute to your financial future. My responsibility is to ensure we work together to evaluate your entire financial life (retirement planning, budgeting, debt reduction, adequate emergency funds, children’s education, home and auto financing, insurance planning, work benefits, etc.) so that we create a cohesive plan and adjust that plan as needed to achieve your future goals.
For this reason, I specialize in working with Generation X and Y, creating financial plans for my clients that are adjusted as needed throughout their life. My holistic approach and methodologies have been highlighted in Money Magazine, US News & World Report, Investopedia, The College Investor, and I have also earned recognition as one of the “Top Financial Advisors for Millennials by Money Under 30.”
Informal Version...
I never thought we’d do it but we’ve left the city lifestyle for the exceptionally rated school district. My son is just beginning kindergarten and my daughter isn’t far behind him. My wife and I can’t believe we’ve started the carpooling for the children’s activities and our first born golden retriever must wonder where we are off to next. Our lives today reflect all the decisions that were made along the way.
Upon graduation, I was hired into General Electric’s leadership program and began my corporate career. During this time, I needed to make numerous financial decisions regarding my benefits package, funding my retirement goals, a car, a house, and repayment of debts. Then, add to this the complexities of life: changing roles to other Fortune 500 companies (Medtronic and Boston Scientific), marriage and children. Our lives today reflect all the decisions that were made along the way. The same is true for you.
I am here to help you make the important financial decisions in your life to achieve whatever it is you want to achieve. Your goals certainly don’t need to be the same as my wife and mine. The mere thought of leaving the city may be excruciating or you may not want children. It doesn’t matter what your goals are; what matters is:“are you making the right decisions to achieve those goals”. Advising you on these decisions is how I can serve you.
Garrett Prom is a Member of the National Association of Personal Financial Advisors
The National Association of Personal Financial Advisors (NAPFA) is a leading professional association of Fee-Only financial advisors - highly trained professionals who are committed to working in the best interests of those they serve.
NAPFA members live by three important values:
- To be the beacon for independent, objective financial advice for individuals and families.
- To be the champion of financial services delivered in the public interest.
- To be the standard bearer for the emerging profession of financial planning.
Prominent Financial Planning was established to provide financial planning advice and asset management to individuals and families during their accumulation years. If the right steps are taken during these years, then the likelihood of an individual or a family achieving their goals will increase significantly. These right steps are what we incorporate into a financial plan. Of course the earlier a plan is in place—the better. This can potentially limit the amount needed in the future, lower retirement age, fund children’s education, substantially increase future wealth for other goals such as vacations, second homes, legacies, etc.
Typically financial advisors have focused on clients that have already accumulated significant financial wealth, often by imposing a minimum dollar amount required before entertaining working with a client. Prominent Financial Planning does not have such minimums since everyone needs to start somewhere. We believe that if you make the right decisions early with our guidance then your success will become our success.
Prominent Financial Planning is an independent firm in order to provide financial planning so that our priorities align with yours–you, your family, your future. We do not receive compensation from anyone other than you.
- We do not receive any commissions for any investments we recommend
- We do not have quotas to meet for specific investment products
- We do not receive any referral bonuses from other professionals we refer.
For these reasons any advice or recommendations we offer are based solely on what is best for you. Since you are the only one paying us, you are the only one we work for.
Fee-Only, Fiduciary, Independent: Three Important Criteria to Consider When Choosing a Financial Advisor.
Specialties
- Comprehensive Financial Planning
- Retirement Income Planning
- Investment Management
- College Education Planning
- Tax Planning
Ideal Clients
- Retirees and Near Retirees
- Growing Families
- Business Owners and Executives
- Sudden Money Situations
- Novice Investors
Working Together
- In-Office Meetings
- Virtual Meetings
- Clearly Defined Fees
- No Product Sales
- Complimentary Initial Consultation
Professional Designations & Affiliations
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Garrett Prom is a NAPFA-Registered Financial AdvisorThe National Association of Personal Financial Advisors (NAPFA) is a leading professional association of Fee-Only financial advisors—highly trained professionals who are committed to working in the best interests of those they serve.
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Garrett Prom is a CERTIFIED FINANCIAL PLANNER™ Professional - Click for VerificationCFP® professionals are held to strict ethical standards to ensure financial planning recommendations are in your best interest. What’s more, a CFP® professional must acquire several years of experience related to delivering financial planning services to clients and pass the comprehensive CFP® Certification Exam before they can use the CFP® designation.
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Garrett Prom is a Chartered Retirement Planning Counselor℠ (Learn More)The Chartered Retirement Planning Counselor℠ or CRPC® designation is a premier retirement planning credential. The CRPC® program covers all aspects of the retirement process in a single comprehensive program with no product or advising biases.
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Garrett Prom is Quoted on Acorns Grow: "3 smart moves to make with an old 401(k)"
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Garrett Prom is Quoted on NerdWallet.com: "The 5 worst financial mistakes new parents can make"
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Garrett Prom Named One of The Top Financial Advisors for Millenials by money under 30
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Garrett Prom is Quoted in US News and World Report: "Are Your Home Upgrades Money Down the Drain?"
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Garrett Prom is Featured on TheCollegeInvestor.com: "Top Tax Tips For Millennials – How To Maximize Deductions When You’re Young"
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Garrett Prom is Quoted in US News and World Report: "How Financial Advisors Are Courting Millennials"
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Garrett Prom is Quoted in Deseret News: "Why you should begin planning for retirement in your 30s"
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Garrett Prom is Quoted in the American Bar Association - For Law Students: "Your Financial Future Starts Now"
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Garrett Prom is Quoted on Quicken.com: "7 Ways to Curb Your Spending"
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Garrett Prom is Quoted on Money: "3 Strategies for Rebuilding Your Emergency Fund"
Contact Garrett Prom
Office Locations:
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111 Sandpiper Cove
Austin, TX 78737
