CFP®, EA, MBA
Open Wealth Network
Owner & Lead Adviser
Flat dollar, fee-Only financial planner located in Pottstown, PA, serving clients in the greater Philadelphia area and across the country
Michael Henzes is a Pottstown, PA fee-only financial planner who provides financial planning and investment management services for a flat dollar fee.
Mike serves a diverse clientele from many professions and stages of life; however, he's found that he's able to deliver the highest value to clients with the following characteristics:
Married couples or independent women
$200,000+ of household income OR $400,000+ of accumulated investments
Enjoy collaborating on goal design and strategy but prefer to delegate and verify financial matters
Have college bound children
Work in IT, life science, or pharmaceutical industries
Welcome and thank you for visiting. If you’re looking for someone to help you objectively answer a couple questions or guide you through the variety of financial/life events you’ll be experiencing over the next 20-40 years; you’ve come to the right place!!!
My mission is to help you use your human and financial resources to live your best life NOW and in the FUTURE.
Some ways I'm different from other advisors:
Advice Only – Never worry about being sold something you don’t want.
Flat dollar fee – You won't pay more because your accounts are growing.
No upfront fees – You get billed after the work is done - not before.
CFP® Professional – Rigorously trained and dedicated to your best interest.
Experienced – Over 20 years experience in financial services and accounting.
I started Open Wealth Network (OWN) to address these simple truths:
Truth: Most people need help with their finances beyond investments and insurance.
OWN Solution: We provide cutting edge, research backed, investment and risk management solutions but you deserve more. Unsure if you should prepay your mortgage, contemplating starting a business, considering consolidating your student loans; we can help.
Truth: Most people are paying WAY too much for the limited scope of traditional financial advice.
OWN Solution: We provide real advice about things that matter and offer our unique “Capped” billing which limits the amount you will pay on an annual basis. We receive NO commissions, kick-backs, or referral fees; we work for you….period.
Truth: Big banks and brokerage houses are about sales NOT what’s in your best interest.
OWN Solution: We sign and deliver to you a fiduciary oath and are required by law to put your interests before our own. We do not sell products nor do we receive commissions of any kind.
Truth: Traditional financial service firms feed on the already wealthy and do nothing to accelerate the creation of wealth for younger generations.
OWN Solution: OWN was designed to add value and be accessible to those at the top of the mountain (already wealthy) and those on their way up (building wealth).
Truth: Our Most Valuable Asset is Time
OWN Solution: We leverage technology to reduce friction and make efficient use of our time together. Our goal is to help you find more time and confidence to be with those you love most and to live your best life. Compounding works best the more time it’s given so let’s get started today!
The following are some of our guiding principles:
Client first – you, and only you, provide the revenue to keep the lights on and provide for our families; you are our top priority. The benefit of a small firm is that you deal directly with the owner and not some 800 number call center.
Good faith – To make sure we can adhere to principle number one, we must do our best to eliminate conflicts of interest. This is why we sell no products and are only compensated by you. All clients receive a signed fiduciary oath; if that doesn’t seem like a big deal, it is.
Expertise – We are committed to life-long learning; however, no matter our level of knowledge or success we must never let our ego prevent us from providing a “best in class” solution. We must keep an open mind to new ideas and be willing to seek out support from other professionals and subject matter experts.
Focus – We cannot be all things to all people which is why we limit the number of clients and industries we serve. We focus our energy on the topics relevant to you and your family.
Friction – We have to reduce friction and make working together easy. We will use technology to make efficient use of our time.
Investments– Markets are mostly efficient over the long run – we must keep costs low, invest broadly, and help you stay invested.
Accessible – Sound advice should not be reserved exclusively for those who have wealth. It also should not require signing complicated contracts or paying excessive fees. This is why we’ve adopted the flat dollar fee structure and numerous payment options to allow you to purchase advice with cash flow or assets you may have saved.
Fee-Only, Fiduciary, Independent: Three Important Criteria to Consider When Choosing a Financial Advisor.
- Pre-Retirement Checkup
- Retirement Income Planning
- Investment Management
- Late Stage College Planning
- Tax Planning
- Comprehensive Financial Planning
- Retirees and Near Retirees
- Growing Families
- Business Owners and Executives
- Sudden Money Situations
- Life Science / Pharmaceutical
- Information Technology (IT)
- Independent Women
- Medical Professionals
- Complimentary Initial Consultation
- In-Office or Virtual Meetings
- Clearly Defined Flat Dollar Fees
- No Product Sales
- Disciplined Process
Professional Designations & Affiliations
Michael Henzes is a CERTIFIED FINANCIAL PLANNER™ Professional - Click for Verification
CFP® 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.
Michael Henzes is an Enrolled Agent with the IRS (Learn More)
An enrolled agent is a federally authorized tax practitioner empowered by the U.S. Department of the Treasury to represent taxpayers before the Internal Revenue Service. Enrolled agent status is the highest credential awarded by the IRS.
Michael Henzes is a NAPFA-Registered Financial Advisor
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.
Michael Henzes is a Member of the XY Planning Network
The XY Planning Network is the leading organization of fee-only financial advisors who are focused on working with Generation X and Generation Y clients. Our mission is to connect consumers with best-in-class financial advisors who specialize in working with clients just like you.
Contact Michael Henzes
1518 Cloverhill Rd
Pottstown, PA 19464