Meet Vance Barse, CPWA®, AIF®
Wealth Strategist and Founding Partner, Your Dedicated Fiduciary®
Location: San Diego, California, and Prosper, Texas
Business Model: IAR
Vance Barse is a Certified Private Wealth Advisor® (CPWA®) and Accredited Investment Fiduciary® (AIF®) practitioner. After nearly a decade as an investment consultant to leading financial advisors and wealth management firms throughout the U.S., Vance decided to go out on his own. Although he was deeply knowledgeable in financial services and strategies, he saw opportunity for improvement. So, he established Your Dedicated Fiduciary to fill in advice and service gaps he saw in the industry and provide an innovative planning model in fiduciary wealth management for his clients.
We sat with Vance to get his thoughts on the unique ways Commonwealth helps him serve his high-net-worth (HNW) clients and be a difference maker in meeting their financial goals.
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On the unique goals of HNW clients...
The needs of HNW clients—those with an estate worth $5 million or more—are very different from other investors. There can be heavy tax implications to consider. And many of the conversations we have with our clients and their families aren’t solely focused on investing.
On supporting HNW clients with Commonwealth...
One of my largest assets through my partnership with Commonwealth is the Advanced Planning team. While I’m a Certified Private Wealth Advisor® practitioner, I still lean on Commonwealth expertise. I can go to Advanced Planning with estate planning documents and have them review the minutiae.
And, while they’re not there to provide legal or tax planning advice, I strategize with them on how to bring maximum value to the families I serve. Then I collaborate with their estate planner, CPA, and other allied professionals to make sure that every single planning strategy for which that client is eligible has been implemented and we have left no stone unturned.
On getting back time with Commonwealth...
When clients are onboarding, I gather all their financial information and develop a household balance sheet. Then I can lean on Commonwealth to look at that and provide me with feedback, including comments on my own analysis. This partnership allows me to free up part of my time—time that I can use to be with my kids and my wife and with more clients.
On finding success with Commonwealth...
If you’re going to become a fiduciary financial advisor or partner with a broker/dealer, you need to do so in a community that really resonates with you. Commonwealth is a great big functional family and I’m very fortunate to have forged so many lifelong relationships that will last beyond the business. And I’m just eternally grateful. It’s a wonderful place to be forever.
