Richard Davey
CPA, CFP®
Fiduciary Financial Group
Partner
Richard Davey
CPA, CFP®
Fiduciary Financial Group
Partner
We know that the money you invest represents years of hard work and sacrifice. The financial decisions we make together will impact your family for years to come. We won't let you down. - Richard Davey, CPA, CFP®
Fee-Only financial planner with locations in Boise, ID, San Rafael, CA, and San Ramon, CA, serving clients locally and across the country
Richard Davey is a Boise, ID fee-only financial advisor* serving clients locally and across the country. Fiduciary Financial Group provides comprehensive financial planning to help professionals, business owners, near retirees, and individuals experiencing life transitions organize, grow and protect their assets through life’s ever-changing journey. As a fee-only, fiduciary, and independent financial advisor, Richard Davey is never paid a commission of any kind, and has a legal obligation to provide unbiased and trustworthy financial advice.
*Richard does not earn any investment or insurance-related commissions. He is an Idaho licensed real estate agent. If Richard represents and/or solicits real estate purchases for which a commission might be earned, he will transparently disclose such conflicts and present agency representation disclosures if/when appropriate.
Richard Davey became a CPA and joined Grant Thornton as a Senior Assurance Associate where he audited nearly all areas of GAAP financial statements for major public and private corporations. During this time, he also took graduate courses in taxation at Golden Gate University in San Francisco.
While accounting and tax offered many rewarding challenges and helped build a solid foundation for understanding how businesses work, reviewing past results wasn’t his lifelong dream. He realized he preferred focusing more on forward looking projects and practices serving families rather than large corporations.
Because of this, he made a career change to investment advising and financial planning starting out at the mid-west brokerage firm – Waddell & Reed. Working for a large national firm was a great place to start, in building a deep knowledge of investment and insurance products, but it didn’t take long for Richard to realize he was missing some key ingredients to be able to provide the most valuable advice: (1) Flexibility that comes from working for a smaller firm, and (2) independence; that is, having no sales incentive to use certain investment products over others. In 2014, Richard officially started building his own practice at a small independent firm in Marin County with only $3MM in assets. Just 8 years later, Fiduciary Financial Group’s assets under care has grown roughly ~150X, which could be attributed to a healthy stream of referrals from happy clients and from positive investment returns.
At Fiduciary Financial Group, we hold ourselves to the highest standard of professional ethics... the fiduciary standard of care. It's a simple concept yet absent in many client/advisor relationships: Only provide advice and recommendations that are in the best interests of the client. Always. No exceptions.
We offer in-depth financial planning and wealth management.
This involves reviewing not only a clients budget and investments, but also their estate plan, beneficiary designations, mortgage and business financing, insurance documents, tax returns, etc. We are completely detached and unincentivized to solicit any particular investment product. Our incentive is simple: grow your money as much as possible within the confines of your tolerance for risk. We focus on liquid & publicly traded investments for the core of our client portfolios. For accredited investors, we will, on occasion, branch out into non-publicly traded offerings for the sake of diversification.
Tax Planning & Advisory
We now exclusively offer tax prep/planning services to new clients who also work with us in an investment management capacity. Our goal here is to provide a high-touch/coordinated service where your tax mitigation strategy and wealth buildnig strategy are intertwined.
Fee-Only, Fiduciary, Independent: Three Important Criteria to Consider When Choosing a Financial Advisor.
Specialties
- Comprehensive Financial Planning
- Retirement Income Planning
- Portfolio Management
- Tax Planning and Preparation
- Charitable Giving
Ideal Clients
- Professionals with Equity Compensation
- Retirees and Near Retirees
- Widowed, Divorced, or Inheriting
- Business Owners
- Real Estate Investors
Working Together
- In-Office Meetings
- Virtual Meetings
- Clearly Defined Fees
- No Product Sales
- Complimentary Initial Consultation
Professional Designations & Affiliations
-
Richard Davey is a Verified Wealthramp Financial AdvisorPlenty of people call themselves a “financial advisor”. But very few meet the standards of Wealthramp.
Wealthramp is a curated network of established and highly qualified fee-only advisors, and every member is personally interviewed and evaluated by founder Pam Krueger. As an award-winning personal finance journalist, Pam has spent the last 25 years advocating for and educating consumers on how to make the most of their money, and the importance of working with a Fee-Only financial advisor.
-
Richard Davey 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.
-
Richard Davey is a Certified Public Accountant (CPA)
A Certified Public Accountant (CPA) is a professional accountant who has met the education and experience requirements set by their state's Board of Accountancy and has passed the Uniform CPA Exam. CPAs are licensed to provide a wide range of accounting services, including financial statement preparation, tax planning and preparation, auditing, consulting, and other financial advisory services.
-
Richard Davey was a Past President and Continuing Education Coordinator for the Idaho Financial Planning Association
-
Fiduciary Financial Group Named #45 on the RIA Channel's 2022 Top Wealth Managers By Growth
-
Richard Davey is the Co-Founder of Marriage Money Bootcamp, a personal financial course designed specifically for newlyweds or anyone in a serious relationship
-
Richard Davey Serves as the Director of Membership on the Board of the Rotary Club of Boise Idaho
-
Richard Davey is Quoted in Fortune: "Can’t afford to buy Amazon or Berkshire Hathaway stock? Now you can buy a fractional share"
-
Richard Davey is Quoted in Time Magazine: "The New Way to (Finally) Stop Fighting Over Money With Your Spouse"
-
Richard Davey is Quoted in ThinkAdvisor: "This Boot Camp Whips Couples’ Money Management Skills Into Shape"
-
Richard Davey is Interviewed in RIA Biz: "How number-crunching millennials launched an RIA and where a 72 year-old RIA comes in"
Contact Richard Davey
Office Locations:
-
835 W Front Street
Boise, ID 83702
