Modern Dollar Planning is a fee-only firm that focuses on helping people make better decisions with money.
As of December 2014, I had a great job at a respected company that did exemplary financial planning and investment management work with high net worth clients. I worked with bright colleagues and had interesting clients in what was a great long term opportunity.
But I felt a call to do something different.
During my time there, I had personal friends, classmates from my MBA program and other acquaintances begin coming to me looking for help with their finances. Most of these folks were in their 30’s and 40’s. The question they kept asking was: “Could I become a client of yours?" Unfortunately, the answer was all too often "No."
Most firms that act as fiduciaries have minimums that my young friends and colleagues don’t meet. They are forced to go elsewhere for advice and are often 'sold' financial products that, in many cases, might not be right for them.
With Modern Dollar Planning, I've developed a package that will set young professionals on a new financial trajectory. This new model will allow my peers to get access to the type of quality, objective advice with no minimum account size. I now have the chance to pair my background as a CFP® and an MBA from Washington University in St. Louis with my deep-seated passion for entrepreneurship.
It's an opportunity to help my peers start making smart financial decisions, simply and confidently.
Thanks for reading,
Andrew Mohrmann, CFP®, MBA
2015 was very exciting as I launched Modern Dollar and welcomed our daughter Vera. I’m a huge hockey fan and still play a few times a week. I love being active, be it biking, snowboarding or swimming. My wife Caroline works for Washington University at St. Louis Children’s hospital as a nurse practitioner in the hematology/oncology division. One of our dreams is to take a month off each summer, rent an RV and travel around the country.
Enough about me. How about you? Let’s meet.
Mark Schweiss CFP®, CPA, CFA
Modern Dollar Planning was thrilled that Mark joined the company at the end of 2017.